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.

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Reuters - Royal Dutch Shell (RDSa.L) announced two divestments on Tuesday worth $4.7 billion including selling a chunk of its North Sea assets to private-equity backed Chrysaor which will now become a top three oil and gas producer in Britain.

The deals bring Shell's disposals to $12.5 billion since mid-2015 as it aims for $30 billion in deals by 2018.

Shell is reducing debt accrued through its $54 billion acquisition of BG Group last year.

Shell agreed to sell a mixture of new and late-life North Sea oil and gas assets, accounting for more than half of Shell's UK North Sea production, to Chrysaor for up to $3.8 billion.

"(The deal is) providing a springboard for Chrysaor to bring new investment and growth into the basin," said Shell Upstream Director Andy Brown.

The deal is expected to complete in the second half of the year and will make Chrysaor Britain's leading independent exploration and production company.

Chrysaor is backed by EIG and Noble Group (NOBG.SI) investment firm Harbour Energy. BMO Capital Markets Ltd advised the company, while Bank of America Merrill Lynch advised Shell.

Major oil companies such as Shell and BP (BP.L) are withdrawing from the mature North Sea basin to instead focus on higher-profit areas like Brazil or the Gulf of Mexico.

StockMarketWire.com
Royal Dutch Shell has booked FY CCS earnings attributable to shareholders of $3.5bn, from $3.8bn a year earlier. In Q4, CCS earnings attributable to shareholders were $1.0bn, from $1.8bn.

"We are reshaping Shell and delivered a good cash flow performance this quarter with over $9 billion in cash flow from operations," said CEO Ben van Beurden.

The company's debt had been reduced and, for the second consecutive quarter, free cash flow had more than covered its cash dividend.

Its Q4 dividend was $0.47 per ordinary share and $0.94 per American Depositary Share (ADS).

Van Beurden continued: "Production and LNG volumes included delivery from new projects, with ramp-up continuing in 2017 and 2018."

Meanwhile, he added, the company was operating at an underlying cost level that was $10bn lower than Shell and BG combined only 24 months ago.

"We are gaining momentum on divestments, with some $15 billion completed in 2016, announced, or in progress, and we are on track to complete our overall $30 billion divestment programme as planned."

Looking ahead, van Beurden said Shell would further focus the portfolio and strengthen the its financial framework in 2017.

"Our strategy is starting to pay off and in 2017 we will be investing around $25 billion in high quality, resilient projects."

Shell was expected to announce a dividend of $0.47 per ordinary share and $0.94 per ADS for Q1 2017.

Returning to the results, FY 2016 CCS earnings attributable to shareholders excluding identified items were $7.2bn, from $11.4bn in 2015.

Gearing at the end of 2016 was 28.0% (2015 14.0%). There was an increase of 9.7% on acquisition of BG.

Macquarie today reaffirms its outperform investment rating on Royal Dutch Shell (LON:RDSB) and set its price target at 2400p.

StockMarketWire.com
Royal Dutch Shell has agreed to sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

The combination of these transactions -- the result of agreements signed by Shell Canada Energy, Shell Canada Ltd and Shell Canada Resources -- would result in a net consideration of $7.25bn to Shell.

Shell would remain as operator of AOSP's Scotford upgrader and Quest carbon capture and storage (CCS) project.

Under the first agreement, Shell will sell to a subsidiary of Canadian Natural Resources Ltd its entire 60% interest in AOSP, its 100% interest in the Peace River Complex in-situ assets, including Carmon Creek, and a number of undeveloped oil sands leases in Alberta, Canada.

The consideration to Shell from Canadian Natural was about $8.5bn, comprised of $5.4bn cash plus around 98m Canadian Natural shares currently valued at $3.1bn.

Canadian Natural is one of Canada's largest energy companies and a leader in the oil sands, with a market capitalisation of about $35bn.

Separately and under the second agreement, Shell and Canadian Natural would jointly acquire and own equally Marathon Oil Canada Corporation, which holds a 20% interest in AOSP, from an affiliate of Marathon Oil Corporation for $1.25bn each, to be settled in cash.

Reuters - Royal Dutch Shell (RDSa.L) said on Tuesday it will drill 161 new gas wells at its Queensland operations by the end of 2018, helping to underpin its promise to continue supplying 10 percent of the domestic gas market to help prevent a shortage.

The project at its QGC operations in the Surat Basin in southeast Queensland has been planned for some time as existing wells decline, with the new wells due to be drilled this year and next. The wells will help sustain Shell's 75 petajoules of gas supplies a year to eastern Australia's gas market.

The new drilling will not affect exports from Shell's Queensland Curtis liquefied natural gas (LNG) plant.

The announcement came a week after Prime Minister Malcolm Turnbull hauled in Australia's gas producers, led by Shell Australia and ExxonMobil Corp (XOM.N), to discuss how to boost supplies in face of warnings from the nation's energy market operator of a looming shortage within the next two years.

Gas supply has become a hot issue, following blackouts and brownouts in Australia's eastern states over the past year, and as growth in LNG exports has led to soaring gas prices for manufacturers.

Reuters - Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion (2.3 billion pounds) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, people familiar with the situation told Reuters.

The energy company has been interviewing investment banks to hire a financial adviser for the share sale, four people said in the past week, declining to be named as the discussions are confidential.

The deal could be one of the biggest-ever equity sales in Canada. The largest Canadian equity deal so far was TransCanada Corp's C$4.4 billion offering last year.

Shell and Canadian Natural declined to comment. Canadian Natural shares fell about 1 percent after the Reuters report and were trading down 2.1 percent at C$41.12 on Tuesday afternoon.

In March, Shell agreed to sell most of its Canadian oil sands assets for $8.5 billion, in a major strategic pullback from the capital-intensive business. As part of the transaction, Shell acquired about 98 million Canadian Natural shares, or about 8.8 percent of CNRL's outstanding shares, which are currently valued at about C$4.1 billion.

StockMarketWire.com
Royal Dutch Shell's income attributable to shareholders surged from $1.5 billion to $4 billion in the third quarter, a year-on-year increase of 197%.

Earnings increased from $1.4 billion to $3.7 billion, a rise of 155%, which the company said reflected higher contributions from Downstream, Upstream and Integrated Gas.

Earnings benefited mainly from stronger refining and chemicals industry conditions, increased oil and gas prices and higher production from new fields, which offset the impact of field declines and divestments.

Cash flow from operating activities was $7.6 billion, included negative working capital movements of $2.5 billion, mainly due to increases in inventory value and current receivables, compared with favourable working capital movements of $0.7 billion in the third quarter 2016.

Excluding working capital effects, cash flow from operations was $10.1 billion.

Royal Dutch Shell chief executive officer Ben van Beurden said Shell's three businesses all made resilient contributions to a "strong set of results".

Upstream generated almost half of the $10 billion cash flow from operations excluding working capital this quarter, at an average Brent oil price of $52 per barrel.

This was complemented by good cash contributions from the company's growing Integrated Gas business and from Downstream.

"This competitive performance is further evidence of Shell's growing momentum, and strengthens my firm belief that our strategy is working," said van Beurden.

StockMarketWire.com
Royal Dutch Shell's net earnings attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, rose by 42% to $5.322 billion in the first quarter.

Royal Dutch Shell chief executive officer Ben van Beurden said strong earnings were underpinned by higher oil and gas prices, the continued growth of the integrated gas business, and improved profitability in the upstream business.

Less favourable refining market conditions and lower contributions from trading impacted the earnings of the downstream business.

The dividend per share has been held at $0.47.

HSBC today reaffirms its hold investment rating on Royal Dutch Shell (LON:RDSA) and raised its price target to 2750p (from 2635p).