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

Analysts

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

Compares key performance metrics against industry peers.

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

...

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.

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

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.

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 ...
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : Open warfare season 2

>Reduction in capex of 20% at the majors and an end to share buybacks - BP and Total led the way announcing cuts in capex of 20% followed by Shell, while ENI is revising its business plan. Consequently, we reduce our capex estimates by 20% for our entire universe of stocks. At the same time, Total, Shell and ENI have decided to stop their share buybacks ($ 1.5bn, $ 4 bn and € 400m respectively). While for Total and ENI share buybacks hinged on a Brent price over $ 60 ...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : Guerre(s) ouverte(s) saison 2

>Baisse des Capex de 20% chez les majors et arrêt du rachat d’actions - BP et Total ont pris les devants annonçant une baisse des Capex de 20% suivis par Shell tandis qu’Eni est en train de réviser son business plan. Par conséquent, nous réduisons nos estimations de Capex de 20% pour l’ensemble de notre univers de couverture. Parallèlement, Total, Shell et Eni ont décidé l’arrêt des rachats d’actions (1.5 Md$, 4 M$ et 400 M€ respectivement). Si pour Total et Eni, ils ...

Ahmed Ben Salem

ODDO : Difficult outlook in 2020 but not thereafter

>A fall in supply of 2.1 Mb/d in 2020 may be on the cards - The IEA had forecast a fall in demand of 0.73 Mb/d this year in its worst-case scenario, and this is being confirmed and will likely be exceeded with possible demand destruction of ~2.1 Mb/d in 2020. Demand for transport represents 50% of global demand, i.e. 50 Mb/d. If we assume a fall of 25% over just two months, that would result in this decline of 2.1 Mb/d over the full year (3.1 Mb/d if the decline were ...

Ahmed Ben Salem

ODDO : Outlook difficile en 2020 mais pas au-delà

>Une chute de l’offre de 2.1 Mb/j en 2020 est envisageable - L’AIE avait prévu une baisse de la demande de 0.73 Mb/j cette année dans son worst case scenario, ceci est en train de se confirmer et probablement dépasser avec une possible destruction de la demande de ~2.1 Mb/j en 2020. En effet la demande pour le transport représente 50% de la demande globale soit 50 Mb/j. Si on suppose une baisse de 25% sur 2 mois seulement, cela se traduirait par cette baisse de 2.1 Mb...

Ahmed Ben Salem ...
  • Baptiste Lebacq
  • Jean-François Granjon

ODDO : Open warfare

The oil price is set to remain under pressure with a fresh decline possible in April (destocking in Saudi Arabia) and the start of a recovery in H2. We have revised down our scenario to $ 45/b in 2020 and $ 55/b thereafter. Whilst the dividend at Total, still our Top Pick, is not at risk due to its low level of debt, this is not the case for BP (Neutral) or Eni (Neutral vs Buy). We have downgraded RD Shell to Neutral, since the group could once again be forced to cut its share bu...

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.

Royal Dutch Shell Plc: Update to credit analysis - credit metrics have recovered but share buyback prevents positive rating pressure

Our credit view of Shell, reflecting the material improvement in its financial profile in recent quarters, and its higher shareholder remuneration, which will prevent further deleveraging.

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

Compares key performance metrics against industry peers.

Moody's - Shell’s proactive move into low-carbon energies is long-term credit positive

Shell's strong position in natural gas, investments in its New Energies business could cushion the effects of the transition to a low-carbon economy on its traditional oil and gas business.

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/24/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 24/03/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/03/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2020

...

ROYAL DUTCH SHELL sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ROYAL DUTCH SHELL (GB), a company active in the Integrated Oil & Gas industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 3, 2020, the closing price was GBp 2,298.50 and its potential was estimated at GBp 2,464.82.

ROYAL DUTCH SHELL sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ROYAL DUTCH SHELL (NL), a company active in the Integrated Oil & Gas industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 3, 2020, the closing price was EUR 26.93 and its potential was estimated at EUR 28.68.

Royal Dutch Shell plc

Royal Dutch Shell plc

Royal Dutch Shell Plc

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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