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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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).