Royal Dutch Shell A

Royal Dutch Shell is a holding company. Through its subsidiaries, Co. is engaged in the oil and gas industry. Co. reports its business through four segments: Integrated Gas, which engaged in the liquefaction and transportation of gas and the conversion of natural gas to liquids to provide fuels and other products; Upstream, which engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids; Downstream, which engaged in oil products and chemicals manufacturing and marketing activities; and Corporate, which comprising Co.'s holdings and treasury organisation, its self-insurance activities and its headquarters and central functions.
  • TickerRDSA
  • ISINGB00B03MLX29
  • ExchangeLondon Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited Kingdom
Ahmed Ben Salem

ODDO : IEA report – over the worst but still uncertainties over a second wave

>Improving demand after a poor Q2 - The IEA has again revised its demand estimates upwards, by +400 kb/d for 2020, with Q2 demand proving better than expected. It now expects a decline in 2020 of -7.9 Mb/d on average vs -9.3 Mb/d forecast initially in April at 92.1 Mb/d. With the decline set to ease gradually to -6.5 Mb/d in Q3 and to -3.7 Mb/d in Q4, the worst now looks to be over. For 2021, demand is expected to recover by +5.3 Mb/j to 97.4 Mb/d, while still remain...

Ahmed Ben Salem

ODDO : Rapport AIE – Le pire est passé mais les incertitudes d’une deuxième vague planent

>Une demande qui s’améliore après un mauvais T2 - L’AIE a une nouvelle fois revu en hausse ses estimations de la demande de +400 kb/j pour 2020 avec un T2 meilleur que prévu. Elle prévoit désormais une baisse en 2020 en moyenne de -7.9 Mb/j vs -9.3 Mb/j prévu initialement en avril à 92.1 Mb/j. Cette baisse s’atténue progressivement à -6.5 Mb/j au T3 et à -3.7 Mb/j au T4, le pire semble donc derrière nous. Pour 2021 la demande devrait rebondir de +5.3 Mb/j à 97.4 Mb...

Matthieu DRIOL

Analyse court terme - ROYAL DUTCH SHELL PLC-A (Amsterdam) : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 26,949 €, puis 26,589 €. Le franchissement de 30,941 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse court terme - ROYAL DUTCH SHELL PLC-A (London) : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 2 411,80 p. La tendance baissière serait remise en cause au-dessus de 2 717,70 p.

Matthieu DRIOL

Short term view - ROYAL DUTCH SHELL PLC-A (Amsterdam) : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €26.949, then €26.589. Passing €30.941 would question the continuation of the fall.

Jérôme VINERIER

Short term view - ROYAL DUTCH SHELL PLC-A (London) : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 2,411.80 p. The bearish trend would be challenged above 2,717.70 p.

Jérôme VINERIER

Short term view - ROYAL DUTCH SHELL PLC-A (London) : The movement goes on.

The trend is bearish. The movement goes on. The next target is at 2,411.80 p, then 2,282.80 p. Passing 2,717.70 p would question the continuation of the fall.

Ahmed Ben Salem

ODDO : IEA report – over the worst but still uncertainties over a second wave

>Improving demand after a poor Q2 - The IEA has again revised its demand estimates upwards, by +400 kb/d for 2020, with Q2 demand proving better than expected. It now expects a decline in 2020 of -7.9 Mb/d on average vs -9.3 Mb/d forecast initially in April at 92.1 Mb/d. With the decline set to ease gradually to -6.5 Mb/d in Q3 and to -3.7 Mb/d in Q4, the worst now looks to be over. For 2021, demand is expected to recover by +5.3 Mb/j to 97.4 Mb/d, while still remain...

Ahmed Ben Salem

ODDO : Rapport AIE – Le pire est passé mais les incertitudes d’une deuxième vague planent

>Une demande qui s’améliore après un mauvais T2 - L’AIE a une nouvelle fois revu en hausse ses estimations de la demande de +400 kb/j pour 2020 avec un T2 meilleur que prévu. Elle prévoit désormais une baisse en 2020 en moyenne de -7.9 Mb/j vs -9.3 Mb/j prévu initialement en avril à 92.1 Mb/j. Cette baisse s’atténue progressivement à -6.5 Mb/j au T3 et à -3.7 Mb/j au T4, le pire semble donc derrière nous. Pour 2021 la demande devrait rebondir de +5.3 Mb/j à 97.4 Mb...

Ahmed Ben Salem

ODDO : Rapport AIE – Une note d’optimisme malgré les incertitudes

>Une baisse de la demande moins forte qu’initialement prévu - L’AIE a une nouvelle fois revu en hausse ses estimations de la demande de +500 kb/j. Elle estime désormais que la demande baissera en 2020 de -8.1 Mb/j vs -8.6 Mb/j prévus en mai et -9.3 Mb/j prévu en avril. Cette baisse reste, néanmoins, un record historique. Le S1 a été lourdement impacté (-11.4 Mb/j) et en particulier le T2 (-17.8 Mb/j) avec -12.9 Mb/j en juin et -7.4 Mb/j en juillet puis une décéléra...

Ahmed Ben Salem

ODDO : IEA report - a note of optimism despite the uncertainty

>A smaller fall in demand than initially expected - The IEA once again revised up its estimate for demand by +500k b/d, estimating that demand would fall by -8.1 Mb/d in 2020 vs -8.6 Mb/d forecast in May and -9.3 Mb/d forecast in April, though this is still a record fall. H1 was heavily affected (-11.4 Mb/d) and in particular Q2 (1e17.8 Mb/d) but the fall in demand is expected to ease to -12.9 Mb/d in June and -7.4 Mb/d in July and then decelerate to just -3.8 Mb/d i...

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Royal Dutch Shell Plc - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Royal Dutch Shell Plc: Dividend Cut is Credit Positive But also Highlights Severe Industry Downturn

Shell’s dividend cut supports its free cash flow generation and increases resilience in the current crisis.

Royal Dutch Shell Plc: Update post affirmation with negative outlook

Shell's financial profile will be materially impacted by collapsing hydrocarbon prices, with a possibility that requirements for Aa2 ratings will not be met over the next 12-18 months.

Royal Dutch Shell Plc - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Royal Dutch Shell Plc - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ahmed Ben Salem

ODDO BHF Small & MIDCAP MORNING NEWS - 06/17/2020

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. Cf. report published last evening. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Laurence Hofmann
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/17/2020

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. Cf; report ppublished last evening. - ...

Ahmed Ben Salem

ODDO BHF Small & MIDCAP MORNING NEWS - 17/06/2020

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. Cf. étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Laurence Hofmann
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/06/2020

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. Cf. étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2020

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ROYAL DUTCH SHELL suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of ROYAL DUTCH SHELL (GB), active in the Integrated Oil & Gas industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date May 1, 2020, the closing price was GBp 1,231.60 and its target price was estimated at GBp 1...

Increased risk weighs on ROYAL DUTCH SHELL, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ROYAL DUTCH SHELL (NL), active in the Integrated Oil & Gas industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 17, 2020, the closing price was EUR 15.93 and its target price was estimated at EUR 13.54.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Royal Dutch Shell - AGM 22 May 2019

Item 2: Approve the Remuneration Report The structure is unsatisfactory, though it is sufficiently weighted toward the long-term.  Nevertheless, the bonus exceeds guidelines, qualitative criteria exceed our limits, and the severance provisions exceed guidelines. Although the pension contribution for the year was within guidelines, the accrual rate used to calculate the pension contribution is not disclosed. There is overlap between the performance conditions used for the STI and LTI with cash flow from operating activites accounting for 30% of the bonus and 25% of the LTI.  Actual and potenti...

Royal Dutch Shell – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 22/05/2018

During tthe year under review, the Company has been involved in litigation related to pesticide use, climate change, investments in Nigeria and an accident in Pakistan. Item 2: Approve the Remuneration Report. The structure is unsatisfactory. Although performance is weighted toward the long-term, the bonus exceeds guidelines, qualitative criteria exceed our limits, the severance provisions exceed guidelines and an excessive loss of office payment has been made during the year. There is overlap between the performance conditions used for the STI and LTI with cash flow from operating activites...

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