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2018-12-03 11:40:00

SHELL SELLS $1.3 BLN

SHELL SELLS $1.3 BLN

SHELL - Shell completes divestment of upstream interests in Ireland for up to $1.30 billion

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion (€1.14 billion), to Nephin Energy Holdings Limited (NEHL), a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB). Completion follows receipt of all necessary partner and regulatory consents and the transaction's effective date is 1 January 2017.

The transaction includes an initial consideration of $958 million (€840 million), interest of $54 million (€47 million), and additional payments of up to $285 million (€250 million) between 2018-2025, subject to gas price and production. Completion of the deal represents Shell's exit from the upstream sector in Ireland.

The sale will contribute to Shell's $30 billion divestment target for 2016-2018.

Shell Energy Europe Limited (SEEL) has signed an offtake agreement to purchase Corrib gas following completion.

Shell retains a presence in Ireland through its aviation joint venture, Shell and Topaz Aviation Ireland Limited.

The transaction is Euro denominated and all dollar figures are based on a Euro / USD exchange rate of 1.14.

 

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Earlier:

SHELL EARNINGS $5.6 BLN
2018, November, 2, 11:40:00

SHELL EARNINGS $5.6 BLN

SHELL - CCS earnings attributable to shareholders excluding identified items were $5.6 billion, compared with $4.1 billion in the third quarter 2017. Earnings primarily benefited from increased realised oil, gas and LNG prices as well as higher contributions from trading in Integrated Gas, partly offset by lower margins in Downstream, higher deferred tax charges in Upstream and adverse currency exchange effects.

 

SHELL: THE SECOND BUYBACK
2018, November, 2, 11:35:00

SHELL: THE SECOND BUYBACK

SHELL - Royal Dutch Shell plc (the ‘company’) announces the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018. The company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions.

 

 SHELL SELLS $1.9 BLN
2018, October, 19, 10:30:00

SHELL SELLS $1.9 BLN

SHELL - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).

 

 SHELL LNG INVESTMENT: $30 BLN
2018, October, 3, 08:20:00

SHELL LNG INVESTMENT: $30 BLN

SHELL - Shell Canada Energy, an affiliate of Royal Dutch Shell plc (“Shell”), today announced it has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (LNG) project in Kitimat, British Columbia, Canada, in which Shell has a 40% working interest. With LNG Canada’s joint venture participants also having taken FID, construction will start immediately with first LNG expected before the middle of the next decade. Shell’s 40% share of the project’s capital cost is within the company’s current overall capital investment guidance of US$25-$30 billion per year.

 

 SHELL EARNINGS $4.7 BLN
2018, July, 27, 12:20:00

SHELL EARNINGS $4.7 BLN

SHELL - the main numbers for this quarter: $4.7 billion earnings on a current cost of supplies basis excluding identified items. $9.5 billion cash flow from operations $9.5 billion free cash flow and all of this at an oil price of $74 per barrel. Return on average capital employed reached 6.5%. Since the beginning of the year we reduced net debt by some $4 billion and gearing was 23.6% at the end of the second quarter. This performance builds upon the strong results delivered in 2017.

 

SHELL SELLS CANADA $3.3 BLN
2018, May, 8, 10:35:00

SHELL SELLS CANADA $3.3 BLN

SHELL - Royal Dutch Shell plc (“Shell”) announces an agreement to sell its entire stake in Canadian Natural Resources Limited (“Canadian Natural”)

 

 SHELL NET INCOME $5.9 BLN
2018, April, 27, 10:35:00

SHELL NET INCOME $5.9 BLN

SHELL - Compared with the first quarter 2017, CCS earnings attributable to shareholders excluding identified items increased by $1.6 billion, mainly driven by higher contributions from Integrated Gas and Upstream, partly offset by lower earnings in Downstream. Cash flow from operating activities for the first quarter 2018 was $9.4 billion, which included negative working capital movements of $0.9 billion, compared with $9.5 billion in the first quarter 2017, which included negative working capital movements of $1.6 billion. Total dividends distributed to shareholders in the quarter were $4.0 billion. 

 
Tags: SHELL, CORRIB