Royal Dutch Shell Group is an Integrated oil company. The Royal Dutch/Shell Group of Companies consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen.

            Red = 25 day moving average.           Green = 200 day moving average.

Shell 2Q Profit Up 34% To $4.21 Billion On Higher Output, Lower Costs
Today : Thursday 29 July 2010
Royal Dutch Shell PLC (RDSB.LN) Thursday beat analysts' expectations to post a 34% rise in adjusted profit for the second quarter as oil and gas production rose 5% and cost cutting accelerated.

"We have exceeded the targets we set last year for costs and staff reduction. We are putting new emphasis on continuous improvement, which will drive competitive financial and operating performance," said Chief Executive Peter Voser. "Shell's cost programs have delivered over $3.5 billion of annualized underlying savings."

The Anglo-Dutch energy company said the clean current cost of supplies, a keenly-watched figure that strips out gains or losses from inventories and other non-operating items, was $4.21 billion in the three months ended June 30, compared with $3.15 billion in the second quarter of 2009.

This was above expectations of $4.02 billion in a Dow Jones Newswires poll of 12 analysts.

Total oil and gas production was 3.11 million barrels of oil equivalent per day, an increase of 5% on the year due to mainly to new fields starting up. Analysts were expecting production to rise 2.5%.

Net profit for the quarter totaled $4.39 billion, up 15% from $3.82 billion a year ago.

Group revenues were $90.57 billion, compared with $63.88 billion in the second quarter of 2009.

Diluted earnings per share were 72 cents compared with 62 cents the previous year.

Shell B shares closed at 1707 pence Wednesday, up 125p, or 7.9% over the past year.

Shell looking slick compared with BP

Ex dividend tomorrow.

More than recovered the 26.89p dividend.

22 ?

RDS 4th Quarter and Full Year 2010 Results

Blue Chip Bulletin: Royal Dutch Shell to sell African businesses

http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1603598/blue-chip-bulletin-royal-dutch-shell-to-sell-african-businesses.thtmlhttp://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1603598/blue-chip-bulletin-royal-dutch-shell-to-sell-african-businesses.thtml

Royal Dutch Shell PLC 1st Quarter 2011 Results

Oil Tax Bill Fails US Senate Test Vote
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Today : Wednesday 18 May 2011


A bill that would have ended oil and gas tax breaks for five major oil companies failed a test vote in the Senate Tuesday, faced with opposition from most Republicans and three Democrats.

The Senate, voting 52 to 48, failed to garner the necessary 60 votes to push the bill forward.

Republicans have said Democratic pursuit of the legislation is politically motivated. "Even the Democrats themselves view this as unrelated as to what's on the minds of the American people right now," Senate Minority Leader Mitch McConnell (R., Ky.) said. "Clearly this is not a serious effort to address the price of gas at the pump."

The bill, introduced by Senate Democrats during a period of higher gas prices and record oil company profits, has been touted as a way to begin reducing the federal deficit. But the procedural vote, necessary to bring the legislation up for debate, failed to find the necessary 60 votes to pass. In addition to Republican opposition, Democrats from oil-heavy states, including Sens. Mary Landrieu of Louisiana and Mark Begich of Alaska, voted against it, as did Sen. Ben Nelson from Nebraska. However, the Republican Senators from Maine, Olympia Snowe and Susan Collins, voted in favor of the bill.

Senate Majority Leader Harry Reid (D., Nev.) said he would press to have a repeal of the tax breaks included in any budget deal reached in Congress. "I am confident that before we finish our budget negotiations, that will be part of it," Reid said.

In a separate vote on Wednesday, Senate lawmakers are expected to act on an alternative bill sponsored by Republicans that aims to speed up government approval of oil-drilling permits. That measure would require the government to determine within 60 days whether to grant such a permit. If officials failed to make a determination, permission would be granted automatically. The GOP measure, which would also direct the administration to increase offshore lease sales to the industry, is expected to fail as well.

The oil-tax bill, introduced last week by Sen. Robert Menendez (D., N.J.), would channel roughly $2 billion a year in repealed tax breaks to help close the federal deficit. The companies targeted by the bill include Royal Dutch Shell PLC's (RDSA, RDSA.LN) Shell Oil Co., Chevron Corp. (CVX) and Exxon Mobil Corp (XOM).

The U.S. Chamber of Commerce, in a letter to Senators Monday, argued repealing the tax breaks could raise energy costs and potentially increase dependence on foreign oil.

Sen. Richard Burr (R., N.C.,) said changes to the tax code must be looked at comprehensively as part of the broader deficit reduction debate. "We need to reform our entire tax code," said Burr, who joined the Senate Finance Committee Tuesday. "Short of tax simplification, I don't think we should be in the business of taking [subsidies] from some and not from everybody."

Senate Democrats may not have seriously expected the bill to advance. It was never attached to legislation from the House of Representatives, where revenue bills must start. Nor was it ever voted on by Senate Finance, which has jurisdiction over tax bills. That panel is currently working on a separate bill repealing certain tax breaks for major oil companies to fund clean-energy projects.

Senate Democrats separately sent a letter Tuesday to the Federal Trade Commission urging the agency to look into whether there is any evidence of collusion to fix prices on oil supplies by some refinery companies.

The letter suggested there was some evidence that refineries were cutting back on their capacity at the same time as they were increasing exports of refined gasoline products. The lawmakers said both these factors could be affecting the rapid escalation in the price of gasoline at the pumps for U.S. consumers.

Several top Senate Democrats, including Reid and his two top deputies, Sens. Richard Durbin (D., Ill.) and Charles Schumer (D., N.Y.), signed the letter.

"Why is it that these refineries began shutting down their capacity," said Sen. Clare McCaskill (D., Mo.), another lawmaker who signed the letter. "We've got higher production than we've had in a long, long time, but they're exporting more and cutting back on their capacity to deliver more gasoline into the supply chain. That is very hard for me to understand."

U.S. exports of gasoline, diesel fuel and fuel oil were up through the end of February, according to Energy Department data, in part reflecting shipments to Central and South American markets left short of supply by problems at refineries in Venezuela, analysts say. The same data shows refinery capacity utilization trending down to just under 80% in February 2011, the most recent data available, from just over 90% in July 2010.

RDS 2nd Quarter and Half Year 2011 Results
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TIDMRDSA TIDMRDSB

2ND QUARTER AND HALF YEAR 2011 UNAUDITED RESULTS

* Royal Dutch Shell's second quarter 2011 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $8.0 billion compared with $4.5
billion the same quarter a year ago. Basic CCS earnings per share increased
by 74% versus the second quarter of 2010.

* Second quarter 2011 CCS earnings, excluding identified items (see page 6),
were $6.6 billion compared with $4.2 billion in the second quarter 2010, an
increase of 56%. Basic CCS earnings per share excluding identified items
increased by 52% versus the same quarter a year ago.

* Cash flow from operating activities for the second quarter 2011 was $10.0
billion. Excluding net working capital movements, cash flow from operating
activities in the second quarter 2011 was $12.3 billion, compared with $8.6
billion in the same quarter last year.

* Net capital investment (see Note 1) for the quarter was $6.0 billion. Total
cash dividends paid to shareholders during the second quarter 2011 were
$1.8 billion. Some 23.9 million Class A shares, equivalent to $0.8 billion,
were issued under the Scrip Dividend Programme for the first quarter 2011.

* Gearing at the end of the second quarter 2011 was 12.1%.

* A second quarter 2011 dividend has been announced of $0.42 per ordinary
share, unchanged from the US dollar dividend per share for the same period
in 2010.

Middle East Crude-Shell Singapore fire may cap rally

SINGAPORE, Sept 28 (Reuters) - Oman crude values continued
their surge on Wednesday, but a fire at Shell's refinery in
Singapore may cap the rally in the Middle East market as the
plant mainly imports supplies from the region.

Shell 3rd Quarter 2011 Unaudited Results

* Royal Dutch Shell's third quarter 2011 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $7.2 billion compared with $3.5
billion the same quarter a year ago. Basic CCS earnings per share increased
by 104% versus the third quarter of 2010.

* Third quarter 2011 CCS earnings, excluding identified items (see page 5),
were $7.0 billion compared with $4.9 billion in the third quarter 2010, an
increase of 42%. Basic CCS earnings per share excluding identified items
increased by 40% versus the same quarter a year ago.

* Cash flow from operating activities for the third quarter 2011 was $11.6
billion. Excluding net working capital movements, cash flow from operating
activities in the third quarter 2011 was $10.6 billion, compared with $8.1
billion in the same quarter last year.

* Net capital investment (see Note 1) for the quarter was $6.1 billion. Total
dividends distributed in the quarter were $2.6 billion of which $0.7
billion were settled under the Scrip Dividend Programme. Some 25.3 million
shares, equivalent to $0.8 billion, were bought back for cancellation
during the quarter under our share buyback programme.

* Gearing at the end of the third quarter 2011 was 10.8%.

* A third quarter 2011 dividend has been announced of $0.42 per ordinary
share and $0.84 per American Depositary Share (ADS), unchanged from the US
dollar dividend per share and per ADS for the same period in 2010.

RDS Sets Out New Growth Agenda

London: 2 February 2012 - Shell today updated shareholders on progress against
its strategic plan to generate profitable growth. In today's volatile economic
environment, the company's strategic aim remains to drive forward with its
investment programme, to deliver sustainable growth and provide competitive
returns to shareholders.

Key highlights:

* Global economy and energy markets likely to see continued high volatility.
Shell remains focused on through-cycle investment for sustainable growth.

* Delivery of underlying strategic drivers for 2012 targets established,
underpinned by 14 project start-ups 2009-11, and Shell's continuous
improvement programmes.

* Shell declared $10.5 billion of dividends in 2011 and expects to grow the
dividend in 2012, reflecting an improving financial position.

* Net capital investment in 2012 of $30 billion - 80% in Upstream - as Shell
invests for a new tranche of growth.

* Measured increase in spending and payout underpinned by a new outlook for
cashflow from operations for the period 2012-15 some 30-50% higher than the
2008-11 total.

* Growth outlook driven by over 60 new projects and options, maturing 20
billion boe of new resources potential, including major projects in
liquefied natural gas (LNG), deep water, tight gas, liquids-rich shales and
traditional plays.

4TH QUARTER AND FULL YEAR 2011 UNAUDITED RESULTS

* Royal Dutch Shell's fourth quarter 2011 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $6.5 billion compared with $5.7
billion in the same quarter a year ago. Full year 2011 CCS earnings were
$28.6 billion compared with $18.6 billion in 2010.

* Fourth quarter 2011 CCS earnings excluding identified items (see page 5)
were $4.8 billion compared with $4.1 billion in the fourth quarter 2010, an
increase of 18%. Full year 2011 CCS earnings excluding identified items
were $24.7 billion compared with $18.1 billion in 2010.

* Basic CCS earnings per share excluding identified items for the fourth
quarter 2011 increased by 16% versus the same quarter a year ago. Basic CCS
earnings per share excluding identified items for the full year 2011
increased by 35% versus a year ago.

* Cash flow from operating activities was $6.5 billion for the fourth quarter
2011 and $36.8 billion for the full year. Excluding net working capital
movements, cash flow from operating activities was $7.2 billion for the
fourth quarter 2011 and $43.2 billion for the full year.

* Gearing was 13.1% at the end of 2011 versus 17.1% at the end of 2010.

* A fourth quarter 2011 dividend has been announced of $0.42 per ordinary
share and $0.84 per American Depositary Share (ADS), unchanged from the US
dollar dividend per share and per ADS for the same period in 2010.

* A first quarter 2012 dividend is expected to be declared at $0.43 per share
and $0.86 per ADS, an increase of 2% compared with the first quarter 2011
US dollar dividend.

RDS: Proposed offer for Cove Energy plc

PROPOSED CASH OFFER

by

Shell Exploration and Production (XL) B.V. ("Shell Bidco")

(a wholly-owned subsidiary of Royal Dutch Shell plc ("Shell"))

for

Cove Energy plc ("Cove")

1. Highlights

* Proposed Offer of 195 pence in cash for each Cove share.*

* The Proposed Offer values the entire issued and to be issued share capital
of Cove at approximately £992.4 million and would represent a premium of:

* 73.3 per cent. to the closing price of 112.5 pence per Cove share as of 4
January 2012, the last business day prior to Cove's announcement of the
sale process for the company; and

* 28.5 per cent. to the average closing price of 151.75 pence per Cove share
over the five business days ending on 21 February 2012, the last business
day prior to the date of this announcement.

* The making of an announcement of a firm intention to make the Proposed
Offer by Shell Bidco (the "Firm Intention Announcement") is subject to, and
conditional upon, the receipt of written consent of the Republic of
Mozambique's Minister of Mineral Resources (or through one or more
delegated representatives) as required under Article 24.1 of the
Exploration and Production Concession Contract relating to Cove's 8.5 per
cent participating interest in the Mozambique Rovuma Offshore Area 1 Block
(the "Rovuma Area 1 Interest"), such consent to be in a form satisfactory
to Shell Bidco (the "Mozambique Consent").

* The Board of Cove believes that the level and nature of the Proposed Offer
are such that it is in its shareholders' interests to progress matters with
Shell Bidco to the point where such an offer can be made. Accordingly, the
Board of Cove would expect to recommend the Proposed Offer of 195 pence in
cash per Cove share, if made. It has been agreed that, if the Board of Cove
does so recommend the Proposed Offer of 195 pence in cash per Cove share,
each director of Cove will provide a hard irrevocable undertaking to accept
the offer in respect of his own entire beneficial holdings of Cove shares
and those of his family members and related trusts.

* Notwithstanding this announcement, the formal sale process, including the
dispensations granted by the Panel on Takeovers and Mergers in connection
therewith (as detailed in the announcement by Cove on 5 January 2012),
shall continue.

Royal Dutch Shell (RDSA, RDSA.LN) is reporting a "light sheen" in the central portion of the Gulf of Mexico but says it has no "current indication" that oil is coming from nearby wells.

Shell says it has dispatched an oil-spill response vessel to the location, between the Mars and Ursa production areas, and has requested flights to monitor the one-by-10-mile sheen with aerial surveillance. Shell has no indication what the sheen may be comprised of, company spokeswoman Shell spokeswoman Kelly op de Weegh said.

"The source and type of sheen is currently unknown," said op de Weegh.

Shell facilities in the Gulf of Mexico include platforms in the Mars and Ursa areas, both of which are about 130 miles southeast of New Orleans, according to the company's website. The oil and natural gas produced in the fields are transported to shore via pipelines.

Shell says it notified the National Response Center Wednesday and is acting out of "prudent caution."

Lt. Matt Kor of U.S. Coast Guard District 8, based in New Orleans, told Dow Jones Newswires that the district wasn't yet aware of the sheen. "We haven't seen any reports coming across the board," Kor said.

Shell said the oil-spill response vessel it dispatched, the Louisiana Responder, is equipped with skimming and boom capabilities.

"Shell's priority is to respond proactively, safely and in close coordination with the regulatory agencies," the company said in a statement.

Nearly two years ago, a drilling rig known as the Deepwater Horizon exploded in the Gulf of Mexico, unleashing the worst offshore oil spill in U.S. history.

-By Tennille Tracy and Ben Lefebvre, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com

Royal Dutch Shell plc: Gulf of Mexico Oil Sheen Status Update
PR Newswire
THE HAGUE, The Netherlands, April 12, 2012
THE HAGUE, The Netherlands, April 12, 2012 /PRNewswire/ --
- (NYSE: RDS.A) (NYSE: RDS.B)
Following reports of an oil sheen in the vicinity of the Mars and Ursa production area in the Gulf of Mexico yesterday, a thorough inspection to date of Shell assets reveals operations in the area are normal with no sign of leaks.  We have also confirmed there are no well control issues associated with our drilling operations in the area.
Shell is continuing to cooperate with federal regulators in their efforts to determine the cause and nature of the sheen, which is estimated to be 6 barrels.
In addition, although we are confident at this time that the sheen did not originate from Shell operations, out of prudent caution we will continue to respond to the sheen.  In that regard, the following actions have taken place:
- Louisiana Responder, Oil Spill Response Vessel (OSRV) is on station and remains ready to respond
- Over flights will continue as weather conditions permit
- Shell has deployed two remote operating vehicles to inspect Shell and non-Shell infrastructure and search for potential naturally-occurring seeps in the area.

1st Quarter Results.



1ST QUARTER 2012 UNAUDITED RESULTS

* Royal Dutch Shell's first quarter 2012 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $7.7 billion compared with $6.9
billion in the same quarter a year ago.

* First quarter 2012 CCS earnings excluding identified items (see page 5)
were $7.3 billion compared with $6.3 billion in the first quarter 2011, an
increase of 16%.

* Basic CCS earnings per share excluding identified items for the first
quarter 2012 increased by 15% versus the same quarter a year ago.

* Cash flow from operating activities for the first quarter 2012 was $13.4
billion. Excluding net working capital movements, cash flow from operating
activities in the first quarter 2012 was $12.7 billion.

* Capital investment for the first quarter 2012 was $7.0 billion. Net capital
investment (see Note 1) for the quarter was $4.6 billion. Total dividends
distributed in the quarter were $2.7 billion, of which $1.0 billion were
settled under the Scrip Dividend Programme.

* Gearing at the end of the first quarter 2012 was 9.9%.

* A first quarter 2012 dividend has been announced of $0.43 per ordinary
share and $0.86 per American Depositary Share (ADS), an increase of 2.4%
compared with the first quarter 2011 US dollar dividend.

.

That's how rumours start! :-)

.

Nothing on the beeb or reuters.

.

Here it is - UPDATE 1-Qatar buys 'major' stake in oil giant Shell

(Adds Shell statement, background)

May 11 (Reuters) - Qatar is continuing its overseas buying spree, snapping up a stake in Royal Dutch Shell and reportedly also eyeing a chunk of Italian oil major ENI .

A Shell spokeswoman confirmed that Qatar had bought a stake but declined to say how large.

.

Royal Dutch Shell plc - Share Buy-back Programme


Royal Dutch Shell plc (the `Company') announces that it has entered into an
irrevocable, non-discretionary arrangement with an independent third party to
enable the purchase of `B' ordinary shares, for cancellation, during the period
from 27 June 2012 up to and including 26 July 2012 which period includes the
2012 second quarter results close period.

As previously announced, the purpose of the share buy-back programme is to
offset dilution created by the issuance of shares for the Company's Scrip
Dividend Programme. At this time, it is less economic for the Company to
purchase `A' ordinary shares under the share buy-back programme due to Dutch
dividend withholding Tax rules.

Any purchases will be effected within certain pre-set parameters and in
accordance with the Company's general authority to repurchase shares and
Chapter 12 of the Listing Rules.

2nd Quarter AND HALF YEAR 2012 UNAUDITED results


2ND QUARTER AND HALF YEAR 2012 UNAUDITED RESULTS

* Royal Dutch Shell's second quarter 2012 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $6.0 billion compared with $8.0
billion in the same quarter a year ago.

* Second quarter 2012 CCS earnings, excluding identified items (see page 6),
were $5.7 billion compared with $6.6 billion in the second quarter 2011, a
decrease of 13%. Basic CCS earnings per share excluding identified items
decreased by 13% versus the same quarter a year ago.

* Cash flow from operating activities for the second quarter 2012 was $13.3
billion. Cash flow from operating activities excluding movements in working
capital was $9.5 billion in the second quarter 2012.

* Net capital investment (see Note 1) for the second quarter 2012 was $6.3
billion. Capital investment for the second quarter 2012 was $8.1 billion
and proceeds from divestments were some $1.8 billion.

* Total dividends distributed in the quarter were $2.8 billion, of which some
$0.6 billion were settled under the Scrip Dividend Programme. Some 26.5
million shares were bought back for cancellation during the quarter for a
consideration of $0.9 billion.

* Gearing at the end of the second quarter 2012 was 8.1%.

* A second quarter 2012 dividend has been announced of $0.43 per ordinary
share and $0.86 per American Depository Share (ADS), an increase of 2.4%
compared with the second quarter 2011.

Ukraine and Shell sign '$10bn' shale gas deal

Ukraine has signed a major shale gas deal with Royal Dutch Shell - a move seen as an attempt by Kiev to reduce its dependency on Russian gas imports.

The contract - reportedly worth $10bn (£6bn) - was agreed on the sidelines of the World Economic Forum in the Swiss ski resort of Davos.

Ukraine is believed to have some of the largest shale gas reserves in Europe.

RDS 4TH QUARTER AND FULL YEAR 2012 RESULTS

* Royal Dutch Shell's fourth quarter 2012 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $7.3 billion compared with $6.5
billion in the same quarter a year ago. Full year 2012 CCS earnings were
$27.0 billion compared with $28.6 billion in 2011.

* Fourth quarter 2012 CCS earnings, excluding identified items (see page 4),
were $5.6 billion compared with $4.8 billion in the fourth quarter 2011, an
increase of 15%. Full year 2012 CCS earnings excluding identified items
were $25.1 billion compared with $24.7 billion in 2011, an increase of 2%.

* Basic CCS earnings per share excluding identified items increased by 14%
versus the same quarter a year ago. Basic CCS earnings per share excluding
identified items for the full year 2012 increased by 1% versus 2011.

* Cash flow from operating activities was $9.9 billion in the fourth quarter
2012 and $46.1 billion for the full year. Excluding movements in working
capital, cash flow from operating activities was $8.9 billion in the fourth
quarter 2012 and $42.7 billion for the full year.

* Gearing at the end of 2012 was 9.2% versus 13.1% at the end of 2011.

* A fourth quarter 2012 dividend has been announced of $0.43 per ordinary
share and $0.86 per American Depositary Share (ADS), an increase of 2.4%
compared with the fourth quarter 2011.

* The first quarter 2013 dividend is expected to be declared at $0.45 per
share and $0.90 per ADS, an increase of 4.7% compared with the first
quarter 2012.

1st Quarter 2013 Unaudited Results

* Royal Dutch Shell's first quarter 2013 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $8.0 billion compared with $7.7
billion for the first quarter 2012.

* First quarter 2013 CCS earnings excluding identified items (see page 6)
were $7.5 billion compared with $7.3 billion for the first quarter 2012, an
increase of 3%.

* Basic CCS earnings per share excluding identified items for the first
quarter 2013 increased by 2% versus the same quarter a year ago.

* Cash flow from operating activities for the first quarter 2013 was $11.6
billion. Excluding working capital movements, cash flow from operating
activities for the first quarter 2013 was $11.5 billion.

* Capital investment for the first quarter 2013 was $8.8 billion. Net capital
investment (see Note 1) for the quarter was $8.2 billion.

* Total dividends distributed in the quarter were some $2.7 billion, of which
$0.8 billion were settled under the Scrip Dividend Programme. During the
first quarter some 16.1 million shares were bought back for cancellation
for a consideration of some $0.5 billion.

* Gearing at the end of the first quarter 2013 was 9.1%.

* A first quarter 2013 dividend has been announced of $0.45 per ordinary
share and $0.90 per American Depositary Share ("ADS"), an increase of 5%
compared with the first quarter 2012.

* Comparative information in this Report has been restated following the
adoption of revised IAS 19 Employee Benefits on January 1, 2013, with
retrospective effect (see Note 2). Comparative information was not restated
for other accounting policy changes (see Note 1) for which the impacts are
not significant, including the adoption of IFRS 11 Joint Arrangements on
January 1, 2013, which results in certain previously equity-accounted
entities now in effect being proportionately consolidated.

2,200 - 2,220 seems pivotal.

Towards the top of it's recent range.

Shell updates on Q4 2013 and FY 2013 unaudited results

Royal Dutch Shell plc ("Shell") today updates on its expected 2013 results.
Fourth quarter 2013 figures, which are expected to be published on January 30,
2014 , are expected to be significantly lower than recent levels of
profitability, considering current oil and gas prices and the downstream oil
products industry environment.


more...

Just had a dabble @2205 - near the bottom of that range?

And closed @2230 +25p

Shell to sell interest in offshore Brazil BC-10

Shell to sell interest in offshore Brazil BC-10

The Hague, 29 January 2014 - Shell announced today an agreement to sell a 23%
interest in the Parque das Conchas (BC-10) project offshore Brazil to Qatar
Petroleum International for approximately US $1 billion, subject to closing.

The transaction is subject to approval by the National Petroleum and Gas Agency
(ANP, Brazil's Oil and Gas regulator) and the Administrative Council for
Economic Defense (CADE, Brazil's anti-trust authority).

Shell will continue to operate BC-10 with a 50% working interest and retains a
significant upstream presence in Brazil. In addition to the recent entry into
the Libra oil discovery, Shell is currently operating two floating, production,
storage and offloading (FPSO) vessels in Brazil's offshore - the Espírito Santo
at Parque das Conchas and the Fluminense at the Bijupirá/Salema fields.

Currently, BC-10 is producing approximately 50,000 boe/d. Since coming
on-stream in 2009, BC-10 has produced more than 80 million barrels of oil
equivalent (boe). Phase 2 of the project, to tie-in the Argonauta O-North
field, came online on October 1st 2013, with an expected peak production of
35,000 boe per day. The final investment decision for Phase 3 of the BC-10
project was taken in July 2013 and once online is expected to reach a peak
production of 28,000 boe.

Shell has also other interests in Brazil, particularly our Lubricants business
and our joint venture Raízen, the leading sugar cane ethanol producer.

4th Quarter and Full Year 2013 Unaudited Results

* Royal Dutch Shell's fourth quarter 2013 earnings, on a current cost of
supplies (CCS) basis (see Note 1), were $2.2 billion compared with $7.4
billion in the same quarter a year ago. Full year 2013 CCS earnings were
$16.7 billion compared with $27.2 billion in 2012.

* Fourth quarter 2013 CCS earnings excluding identified items (see page 6)
were $2.9 billion compared with $5.6 billion in the fourth quarter of 2012.
Full year 2013 CCS earnings excluding identified items were $19.5 billion
compared with $25.3 billion in 2012.

* Compared with the fourth quarter 2012, CCS earnings excluding identified
items were impacted by higher depreciation, increased exploration expenses,
lower upstream volumes and weak industry conditions in downstream oil
products.

* Fourth quarter 2013 basic CCS earnings per share excluding identified items
decreased by 49% versus the fourth quarter 2012. Full year 2013 basic CCS
earnings per share excluding identified items decreased by 23% versus 2012.

* Total dividends distributed in the fourth quarter were some $2.8 billion,
of which $1.2 billion were settled under the Scrip Dividend Programme.
During the fourth quarter some 27.2 million shares were bought back for
cancellation for a consideration of $1.0 billion.

* Gearing at the end of 2013 was 16.1% compared with 9.8% at the end of 2012.

* A fourth quarter 2013 dividend has been announced of $0.45 per ordinary
share and $0.90 per American Depositary Share ("ADS"), an increase of 5%
compared with the fourth quarter 2012.

* The first quarter 2014 dividend is expected to be declared at $0.47 per
ordinary share and $0.94 per American Depositary Share ("ADS"), an increase
of 4% compared with the first quarter 2013.


more...

Sale of Downstream Businesses in Australia to Vitol

The Hague, 21 February 2014. Shell today announced it has reached a binding
agreement to sell its Australia downstream businesses (excluding Aviation) to
Vitol for a total transaction value of approximately A$2.9 billion (US$2.6
billion).

The sale covers Shell's Geelong Refinery and 870-site retail business - along
with its bulk fuels, bitumen, chemicals and part of its lubricants businesses
in Australia. It also includes a brand license arrangement and an exclusive
distributor arrangement in Australia for Shell Lubricants. It does not include
the Aviation business, which will remain with Shell Group, or the lube oil
blending and grease plants in Brisbane, which will be converted to bulk storage
and distribution facilities. The majority of Shell's downstream staff in
Australia will continue to operate the business under its new owner.

Shell's upstream operations in Australia, in which it will continue to invest,
are not impacted by this announcement.

Ben van Beurden, Shell's Chief Executive Officer, said: "Australia remains
important to Shell, but we are making tough portfolio choices to improve the
company's overall competitiveness."

"Our customers will continue to benefit from the quality associated with the
Shell brand and we are confident Vitol will invest in and grow the business."

Vitol President and CEO Ian Taylor said: "This is an exciting acquisition for
us, a good company led by an experienced management team and underpinned by the
value of the Shell brand. Australia is a growing economy and we look forward to
working with the management team to strengthen and grow the business."

Shell's Australia Country Chair, Andrew Smith, acknowledged the enormous
contribution that Shell's downstream employees had made to the company over the
past 113 years.

Smith said: "Like any business that operates for over a century, Shell's
business has changed over the years, and we are pleased to have found a buyer
for the Geelong Refinery. Through the brand agreement reached with Vitol, the
Shell brand will continue to be displayed across the company's service station
network and customers will still have access to quality Shell fuels and
lubricants."

"Shell will continue to play a major role in the development of Australia's
expanding liquefied natural gas industry, and we look forward to strengthening
our presence in the years ahead."

The deal is subject to regulatory approvals and is expected to close in 2014.

Recent downstream divestments by Shell include the sale of refineries in the
UK, Germany, France, Norway and the Czech Republic; downstream businesses in
Egypt, Spain, Greece, Finland and Sweden, as well as the creation of a
downstream joint venture - with Vitol and other partners -- across Africa, and
the planned sale of some downstream businesses in Italy and Norway.

Glad I've got these tucked away. Much better numbers than analysts expected. Better times ahead I hope.

2nd Quarter and Half Year 2014 Unaudited Results

* Royal Dutch Shell's second quarter 2014 earnings, on a current cost of
supplies (CCS) basis (see Note 2), were $5.1 billion compared with $2.4
billion for the same quarter a year ago. Earnings included an identified
net charge of $1.0 billion after tax, mainly reflecting impairments which
were partly offset by divestment gains (see page 6).

* Second quarter 2014 CCS earnings excluding identified items (see page 6)
were $6.1 billion compared with $4.6 billion for the second quarter 2013,
an increase of 33%.

* Compared with the second quarter 2013, CCS earnings excluding identified
items benefited from higher liquids production volumes and prices, the
impact of the strengthening Australian dollar on a deferred tax liability,
and higher contributions from Manufacturing. These items were partly offset
by increased depreciation, higher costs, and the phasing of a dividend from
an LNG venture into the third quarter of 2014.

* Basic CCS earnings per share excluding identified items increased by 33%
versus the same quarter last year.

* Cash flow from operating activities for the second quarter 2014 was $8.6
billion, compared with $12.4 billion for the same quarter last year.
Excluding working capital movements, cash flow from operating activities
for the second quarter 2014 was $11.0 billion, compared with $8.4 billion
for the second quarter 2013.

* Capital investment for the second quarter 2014 was $8.5 billion. Net
capital investment (see Note 2) for the second quarter 2014 was $1.1
billion, compared with $10.9 billion for the same period a year ago.

* Total dividends distributed in the quarter were $3.0 billion, of which $1.0
billion were settled under the Scrip Dividend Programme. During the second
quarter some 8.6 million A shares were bought back for cancellation for a
consideration of $0.3 billion. Shell has now cancelled the Scrip Dividend
Programme and scrip dividends will not be offered for the second quarter
2014 dividend.

* Gearing at the end of the second quarter 2014 was 13.4%.

* A second quarter 2014 dividend has been announced of $0.47 per ordinary
share and $0.94 per American Depositary Share ("ADS"), an increase of 4%
compared with the second quarter 2013.

3RD QUARTER 2014 UNAUDITED RESULTS

* Royal Dutch Shell's third quarter 2014 earnings, on a current cost of
supplies (CCS) basis (see Note 2), were $5.3 billion compared with $4.2
billion for the same quarter a year ago.

* Third quarter 2014 CCS earnings excluding identified items (see page 5)
were $5.8 billion compared with $4.5 billion for the third quarter 2013, an
increase of 31%.

* Compared with the third quarter 2013, CCS earnings excluding identified
items benefited from improved Downstream and Upstream results. In
Downstream, earnings benefited from increased contributions from refining
including improved operating performance, and trading. In Upstream,
earnings increased due to the impact of new, higher-margin production,
lower exploration expenses, and higher earnings from Integrated Gas,
despite the effect of lower oil prices and volumes overall. The increase of
a deferred tax liability as a result of the weakening Australian dollar
reduced earnings by some $400 million compared with the third quarter 2013.

* Basic CCS earnings per share excluding identified items increased by 30%
versus the third quarter 2013.

* Cash flow from operating activities for the third quarter 2014 was $12.8
billion, compared with $10.4 billion for the same quarter last year.
Excluding working capital movements, cash flow from operating activities
for the third quarter 2014 was $11.1 billion, compared with $9.9 billion
for the third quarter 2013.

* Capital investment for the third quarter 2014 was $8.5 billion. Net capital
investment (see Note 2) for the third quarter was $4.8 billion, compared
with $9.4 billion for the same period a year ago.

* Total cash dividends paid to shareholders in the third quarter 2014 were
$3.0 billion. During the third quarter some 18.5 million shares were bought
back for cancellation for a consideration of $0.8 billion.

* Gearing at the end of the third quarter 2014 was 11.7%.

* A third quarter 2014 dividend has been announced of $0.47 per ordinary
share and $0.94 per American Depositary Share ("ADS"), an increase of 4%
compared with the third quarter 2013.

The market appear to hate the BG. deal this morning. Can't say I blame them as the premium to the closing price is very high.

Going to add this to my list of stocks on my potential buy list. Somewhere around £20.

Great dividend at that area and my personal view is that oil will stabilise around $65-70 at some future point.

I've also got £20 pencilled in - as have I suspect - many others.

I have a reasonable exposure as they are largish holdings in a few income funds that I hold - not so good for today's valuation though!

£20 may be here before the close!

I couldn't wait for £20. Bought a few late afternoon and just before the close.

I have a feeling it will drop below £20 so left some ammo if it does

There is your £20.

hmm - and about to test £20 again. Not sure whether to buy some more or not which means I will wait and see

1st Quarter 2015 Unaudited Results

Heading for £20 again. Still in from last time although I've collected a dividend since then

Couldn't resist. Got some more at £19.78

And some more at 19.48 right at the close.

5.84% dividend yield but beginning to suspect I will be holding them for the dividend

£19 looks an interesting area!

Why do you prefer 'B' stock? 'A' stock is doing pretty much the same but is probably a little easier to trade.....or do you own both?

Neither - I held RDSB some time ago, but my main play on the sector is BP.

Either will do and are now yielding over 6% - I just happen to have 'B' on my monitor.

Never really understood it but I believe you should trade B as A is subject to foreign with-holding tax on dividends. I never really bothered to check it out for sure. I just go for B.

Cheers skinny. Just interested in your usual cunning plan!!!
There was a good video clip on the IG Player about why one should hold RDS shares recently. Worth a watch imo.

Thanks Harry - have you goat a link, otherwise I'll track it down over the weekend.

I think this one will work:
https://www.ig.com/uk/market-insight-videos?bctid=4259418530001&bclid=3671160850001

Yes - thanks.

BarCharts Opinion

Blimey, no doubt there. I don't currently hold but is on my watchlist for the time being.

Opened a small SB here earlier.

Just bought some more at 1902. 6.01% dividend yield now although I'm expecting cable to move against me by at least 5% which will reduce the yield.

Chart doesn't look too clever and looks like the bots have got hold of it selling it down the river.

Hoping when it turns it will turn fast as it has done a number of times this year.

Having churned 2 SBs so far - long again @1890.

Exclusive - Gazprom building global alliance with expanded Shell

Is Shell in buying range?

Looking better!

DeutschBank note today:
"An impending restructuring story with FCF supported yield
Our reasons for upgrading Shell are clear. In our view the Shell dividend is sustainable; the BG transaction with all its strategic logic will proceed; the restructuring possibilities at Shell assuming its completion are substantial; management intent to reshape Shell ‘legacy’ is decided; and with the shares now trading at a 6.3% dividend yield (or c4.4% on an ex-scrip basis) they trade at a level from which we see limited relative or, indeed, absolute downside. At 2425p we leave our 12-mth price target unchanged but with the risk/reward balance now firmly in our favour adopt a more constructive Buy stance. At an 8% discount to offer value, BG (Buy 1460p) is our preferred route to entry.
Multiple reasons for the fall– playing to a common theme. A torrid start to 2015 has seen Shell underperform its peers by c15% and its sector yield relative move to levels not seen since the 2004 reserves debacle. The reasons have been multiple but the thrust of them all too clear. At a time when the commodity outlook is uncertain, Shell’s response to the macro backcloth has lacked caution and its view of the future appeared overoptimistic. With the company seemingly reluctant to aggressively balance its cash cycle, the sustenance of dividend has yet again been called into question.
LNG: A focus of this note with our analysis suggesting a cash wall is coming, yet push into the outlook for key Shell activities, not least in light of its offer for BG, and our growing impression is that the market is now in danger of losing balance. Nowhere does this seem more valid than in the focus of this note, LNG. In contrast with market perception, impending project start-ups see cash flow rise to $17bn by ’18 (from $12bn in ‘14) – strongly supportive of dividend. Moreover, combine the BG/Shell trading portfolios, and our analysis suggests a business with limited near term ‘spot’ exposure but notable ($0.5bn) scope for logistics optimization. This is to say nothing of the compelling strategic logic of a BG/Shell LNG combination at a time of structural market change.
Valuation & Risk. With cash flow from LNG set to surge and that from a reshaped Downstream once again material, we believe Shell’s current 6% plus DY is well supported – a strong source of downside protection. As significant, however, is our perception that with the BG bid premium now largely written out of equity value and management committed to the delivery of $30bn of divestments, predominantly to retire deal-related equity, Shell into 2016 will have all the hallmarks of a major restructuring play in which investors are paid to wait.
Targeting a 5% forward yield, a 10% discount to sector, we leave our PT unchanged but raise to Buy. Main risk? The BG offer collapses."

"In our view the Shell dividend isnsustainable" ? :-)

Corrected!

Well it looks to me as if it has got out of that horribly steep downtrend channel it's been stuck in this month

Not yet it hasn't.

A bit crude....and the MACD looks much happier.

European oil majors hold Tehran talks

Live Oil Charts

Added again this morning.

Well I took some more at 1840 this morning. I've got enough now so would be grateful if it could turn up for a couple of weeks

My last purchase was in the 1880s and I'm loathed to add more atm.

Loathed or not, I've just added a few more @1833p

How does your MACD look now? Breakout was very shortlived, sadly. Still on my watchlist but am waiting for sub 1800p before investing.

RDSA almost sub 1800p already.

Not so hot now - I may purchase a couple more if it hits 1750p.

Are you buying stock or S/B, CFD?

Looking at the 7 year chart, if it goes sub 1800p, then 1700p looks very likely, imo.

A bit of both - using the SB to hedge FTSE shorts (badly) - 6 FTSE shorts in total yesterday!

High volume today and last day of the month. Not sure what it means but hoping its indicative of the stock about to turn up. Fingers crossed.

Questor/Telegraph: Buy

Sub 1800p now and not looking likely to turn yet, imo.

Well another horrible candle on oil as I write. Thought this had turned but it seems not.

2nd Quarter and Half Year 2015 unaudited results

* Royal Dutch Shell's second quarter 2015 earnings, on a current cost of
supplies (CCS) basis (see Note 2), were $3.4 billion compared with $5.1
billion for the same quarter a year ago.

* Second quarter 2015 CCS earnings excluding identified items (see page 4)
were $3.8 billion compared with $6.1 billion for the second quarter 2014, a
decrease of 37%.

* Compared with the second quarter 2014, CCS earnings excluding identified
items benefited from strong Downstream results reflecting steps taken by
the company to improve financial performance and higher realised refining
margins. In Upstream, earnings were impacted by the significant decline in
oil and gas prices and decreased production volumes, partly offset by lower
costs and depreciation.

* Basic CCS earnings per share excluding identified items decreased by 37%
versus the same quarter last year.

* Cash flow from operating activities for the second quarter 2015 was $6.1
billion, compared with $8.6 billion for the same quarter last year.
Excluding working capital movements, cash flow from operating activities
for the second quarter 2015 was $7.6 billion, compared with $11.0 billion
for the second quarter 2014.

* Total dividends distributed to Royal Dutch Shell plc shareholders in the
quarter were $3.0 billion, of which $0.7 billion were settled under the
Scrip Dividend Programme. No shares were bought back during the second
quarter.

* Gearing at the end of the second quarter 2015 was 12.7%.

* A second quarter 2015 dividend has been announced of $0.47 per ordinary
share and $0.94 per American Depositary Share ("ADS").


more....

Chart of the week: Is battered Royal Dutch Shell due a bounce?

Chart of the week: Start of a rally for Shell

Sold the ones today which I bought just below £16. Sincerely hope it continues up as I have lots from higher up

Hmm - I do not know what to do. I have plenty of these with most from the £18-£20 although a few from a bit lower and I have had a nice dividend stream

I guess I'll hold a little longer as I'm stubborn. I really have no idea where oil is going over the next 2 months or so.

All my RDSB gone now for a 5-10% gain plus the dividend over the last year as I think in due course markets will realize things aren't as bad as they look and cable will slowly recover.

Put most of it on SHAW and ALD with a small helping of BLND.

RDSB - along with BATS and IMB - has proved to be a very good defensive stock since the referendum
i am more than happy to keeping holding (all 3) in my sipp

1st Quarter 2017 Unaudited Results