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
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

Royal Dutch Shell Plc : Q2 results above expectations – Neutral rating maintained pending the strategy presentation

>Q2 2020 results in the black thanks to trading - The Q2 adjusted net profit came in at $ 637m, beating our expectations and the consensus (ODDO BHF -$ 590m; consensus: -$ 674m) in a very tough environment, thanks to trading gains.IG still holding up well, Upstream under pressure, production set to drop in Q3 - In IG, the result is in line with expectations but is set to decline in Q3, impacted chiefly by the price effect, which falls with a lag of 3 ...

Ahmed Ben Salem

Royal Dutch Shell Plc : Résultats T2 supérieurs aux attentes – Neutre maintenu dans l’attente de la présentation stratégique

>Résultats T2 2020 dans le vert grâce au trading - Le RNpg ajusté au T2 ressort à 637 M$, supérieur à nos attentes et au consensus (ODDO BHF -590 M$ ; Cs : -674 M$) dans un environnement très difficile grâce aux gains de trading.IG résiste encore, Upstream sous pression, production prévue en baisse au T3 - En IG, le résultat ressort en ligne avec les attentes mais devrait baisser au T3 impacté surtout par l’effet prix qui baisse avec un lag de 3-6 m...

Ahmed Ben Salem

ODDO : Q2 2020 preview – A quarter in the red but the worst is now behind us

>Q2 2020 indicators: an unprecedented crisis impacting prices and volumes - Q2 2020 results publications kick off on Thursday 23 July (see table below) and are set to be in the red without exception, with cumulative net earnings for the six oil companies hedged at -$ 11bn vs $ 6bn in Q1 2020. This figure integrates write-offs for exploration of ~$ 8bn. Our estimates are 6.8% above the Bloomberg consensus which is now in early formation albeit with some disparities. §...

Ahmed Ben Salem

ODDO : Preview T2 2020 – Un trimestre dans le rouge mais le pire est derrière nous

>Indicateurs T2 2020 : une crise sans précédent qui touche les prix et les volumes - Les publications de résultats du T2 2020 commencent le jeudi 23 juillet (voir tableau ci-après) et s’annoncent dans le rouge sans exception avec un résultat net cumulé pour les six compagnies couvertes à -11 Md$ vs 6 Md$ au T1 2020. Ce chiffre prend en compte une dépréciation d’actif d’exploration de BP de ~8 Md$. Nos estimations se situent 6.8% au-dessus de celles du consensus Bloom...

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...

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 SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2020

We are forecasting an historically low H1 2020, penalised by the lockdown effects. On the basis of our H1 estimates and the full-year consensus, several stocks are likely to disappoint (Imerys and Vicat). Conversely, the full-year consensus seems to incorporate a margin for error and, possibly, potential for upward revision for LafargeHolcim, Getlink and Eiffage. Saint-Gobain and Eiffage remain our favourite stocks, particularly as the market and investors are already looking to 2021....

Ahmed Ben Salem

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2020

Nous tablons sur un S1 2020 historiquement bas, pénalisé par les effets du confinement. Sur la base de nos estimations S1 et du consensus annuel, plusieurs valeurs nous semblent susceptibles de décevoir (Imerys et Vicat). A l’inverse, le consensus annuel nous semble intégrer une marge d’erreur, voire un potentiel de révision à la hausse pour LafargeHolcim, Getlink et Eiffage. Saint-Gobain et Eiffage restent nos valeurs préférées d’autant que le marché et les investisseurs ont déjà tou...

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. - ...

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 we...

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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