You are here

Prices & Quotes - UK Markets - Royal Dutch Shell 'B' (RDSB)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,368.40p
Change Today:
12.00p
Market Cap:
50,715m
Sector:
Oil & Gas Producers

'Super cautious OPEC stance on output increases could backfire, Citi says

By Alexander Bueso

Date: Wednesday 10 Mar 2021

LONDON (ShareCast) - (Sharecast News) - The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.

Above all, higher prices early in 2021 virtually "promise" that producers in the US will be able to add about 1.0m barrels of oil per day to global supplies in 2022.

The result could be OPEC+'s loss of its hard won market share gains.

On top of Saudi's excessive optimism about US shale producers ability to ramp up output, running down global inventories means the market will be more prone to price spikes in the face of any disruptions, they added.

In a research sent to clients on 9 March, Citi also took aim at the multiple pundits who were forecasting a new commodities supercycle - with oil expected to play a major role.

The average development and replacement cost for each barrel of oil had in fact fallen to approximately $13 a barrel, they pointed out.

That suggested a fair market valuation floor at around $40 a barrel, they estimated.

Even factoring in anticipated cost inflation from capital outlays and carbon costs would only raise the fair market value to approximately to $55 by 2025.

And then, greater capital efficiency would counteract much of the reduction in capital expenditures, while decline rates were less serious than had been thought and the post-pandemic recovery in oil demand should taper "considerably" by 2030 even as US shale output growth returned by 2022.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RDSB Market Data

Currency UK Pounds
Price 1,368.40p
Change Today 12.00p
52 Week High 1,518.00p
52 Week Low 866.40p
Volume 8,514,157
Shares Issued 3,706.18m
Market Cap 50,715m
Beta 0.01

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
P/E
Not Available
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 24
Buy 2
Neutral 4
Sell 0
Strong Sell 0
Total 30
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RDSB Dividends

  Latest Previous
  Q1 Q4
Ex-Div 13-May-21 18-Feb-21
Paid 21-Jun-21 29-Mar-21
Amount 17.35¢ 16.65¢

Trades for 07-May-2021

Time Volume / Share Price
16:45 681 @ 1,367.60p
16:45 681 @ 1,367.60p
16:43 8,608 @ 1,364.02p
16:43 5,490 @ 1,364.02p
16:43 23,228 @ 1,364.02p

RDSB Key Personnel

Chair Charles O Holliday
CEO Ben van Beurden
CFO Jessica Uhl