Core Viewpoint - Shell plc announced the interim dividend for the first quarter of 2025, set at US$0.358 per ordinary share, with options for shareholders to receive dividends in US dollars, euros, or pounds sterling [1][2]. Dividend Payment Details - Shareholders who submitted valid currency elections by June 2, 2025, will receive dividends of US$0.358, €0.3136, or 26.41p per ordinary share, depending on their chosen currency [2]. - Dividends payable in euros and pounds sterling have been converted from US dollars based on average market exchange rates from June 4 to June 6, 2025 [4]. - The dividend payment date is set for June 23, 2025, for shareholders listed on the Register of Members as of May 16, 2025 [4]. Taxation and Currency Election - Shareholders are advised to consult their tax advisors regarding the tax treatment of dividends [5]. - Different currency election deadlines may apply to shareholders holding shares through various financial institutions, and they are encouraged to check with their brokers for specific deadlines [6].

Core Viewpoint - A significant lobbying effort by multinational companies is underway to oppose Clause 899 of Trump's tax reform, which is perceived as a potential threat to millions of American jobs and could reshape international capital flows [1][4]. Group 1: Impact on Foreign Investment - Approximately 70 companies, including major firms like Shell, Toyota, SAP, and LVMH, are concerned about Clause 899, which could jeopardize the 8.4 million jobs these foreign companies provide in the U.S. [1] - The clause is expected to increase taxes on U.S. stock dividends and certain corporate bond interests by 5 percentage points annually over four years for foreign investors [3]. - The implementation of Clause 899 could lead to a significant reduction in foreign direct investment, as warned by industry leaders [4]. Group 2: Financial Market Implications - Foreign banks have underwritten over 70% of foreign corporate debt issuance in the U.S., accounting for nearly one-third of total dollar-denominated debt issuance [5]. - In 2023, these foreign banks lent over $1.3 trillion to U.S. companies, supporting $5.4 trillion in foreign direct investment and generating $270 billion in revenue [5]. Group 3: Legislative and Economic Considerations - Despite the potential for Clause 899 to raise $116 billion for the U.S. government over the next decade, it is projected to increase the national debt by $2.4 trillion by 2034 [6]. - There is growing momentum in the Senate to repeal Clause 899, as it contradicts the government's goal of attracting more investment to the U.S. [6]. - Concerns have been raised that foreign governments may retaliate by altering their laws in response to the U.S. tax changes, potentially leading to significant capital outflows from the U.S. [6].

Core Viewpoint - A significant lobbying effort by multinational companies is underway to oppose Clause 899 of Trump's tax reform, which is perceived as a potential threat to millions of American jobs and could reshape international capital flows [1][2]. Group 1: Impact on Employment and Investment - Approximately 840,000 jobs in the U.S. are provided by foreign companies, and the implementation of Clause 899 could directly threaten this substantial employment base [2]. - The lobbying effort involves around 70 company representatives, including major firms like Shell, Toyota, SAP, and LVMH, indicating widespread concern among foreign investors [1][2]. Group 2: Tax Implications of Clause 899 - Clause 899 is viewed as a "capital expulsion order" that would allow the U.S. to impose additional taxes on companies and investors from countries deemed to have "unfair foreign tax policies" [2][3]. - The clause would increase U.S. tax rates on stock dividends and certain corporate bond interests by 5 percentage points annually over four years, and it would also tax sovereign wealth funds' U.S. investment portfolios, which are currently exempt [3]. Group 3: Financial Market Concerns - The implementation of Clause 899 is expected to disrupt foreign direct investment and could lead to financial market volatility, as highlighted by the International Bankers Association [3]. - In 2023, foreign banks lent over $1.3 trillion to U.S. companies, supporting $5.4 trillion in foreign direct investment and generating $270 billion in revenue, underscoring the importance of foreign capital in the U.S. economy [3]. Group 4: Legislative Outlook - Despite the potential to raise $116 billion for the U.S. government over the next decade, there are concerns that the overall tax reform could increase U.S. debt by $2.4 trillion by 2034 [4]. - There is a growing momentum in the Senate to repeal Clause 899, as lawmakers recognize that it contradicts the government's goal of attracting more investment to the U.S. [4].

Key Takeaways Kazakhstan ordered Eni and partners to stop work on the Karachaganak gas plant project. Costs have risen to $6 billion, and the project's completion delayed from 2028 to 2030. E and Shell sought $1B in state support; the state may now develop the plant independently.Eni SpA (E) and Shell plc (SHEL) have received orders from Kazakhstan government to terminate their plans for the construction of a gas processing plant at the Karachaganak gas and condensate development. Authorities in Kazakhsta ...

Shell plc (SHEL) , a London-based integrated oil and gas company, has officially sanctioned the final investment decision for its Aphrodite gas project, located offshore Trinidad and Tobago. This is a significant step in the multinational energy producer's strategy to secure long-term supply for its regional liquefied natural gas ("LNG") operations. The move signals renewed confidence in the country's gas-producing potential and aligns with Shell's global ambition to expand its integrated gas business. Key ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Shell (SHEL) .Shell currently has an average brokerage recommendation (ABR ...

Investment thesis: With the first two months of 2025, namely April & May, where Europe historically expects to see a build in natural gas inventories behind us, we see a failure to close the gap relative to the average five-yearAnalyst’s Disclosure: I/we have a beneficial long position in the shares of EQNR, SHEL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...

Group 1 - Shell plc has entered into an agreement to purchase TotalEnergies' 12.5% non-operating interest in the Bonga field in Nigeria for $510 million [1][2] - The Bonga field is part of the OLM118 production sharing contract, which Shell operates with a 55% stake, while TotalEnergies and Nigerian Agip Exploration each hold a 12.5% interest [2][3] - TotalEnergies is optimizing its upstream portfolio by divesting less competitive assets and focusing on projects with lower technical costs and emissions [4] Group 2 - Shell is shifting its focus from onshore operations in Nigeria to deepwater projects, having divested its onshore subsidiary to Renaissance [5][6] - The divestment included a 30% stake in the SPDC joint venture, which is now majority-owned by the Nigerian National Petroleum Corporation [6] - The acquisition of TotalEnergies' interest aligns with Shell's strategy to concentrate on deepwater and offshore operations in Nigeria [6]

智通财经记者 | 田鹤琪 "LNG供应规模即将迎来增长，但具体时间尚不确定。同时，有新项目存在延迟，未来不一定能够按时投产，因此预计未来LNG市场将实现'温和着陆'，而 非出现大量供过于求的情况。" 日前，第29届世界燃气大会（WGC2025）在北京落下帷幕。在大会期间，壳牌集团执行委员会成员、一体化天然气总裁塞德里克·克莱默斯（Cederic Cremers）在接受智通财经专访时作出上述表述。 近年来，全球LNG市场经历了快速扩张。根据IEA预测，到2030年前，全球LNG每年新增产能将超过2500亿立方米。 因此有机构担忧，未来全球LNG产能将出现过剩。例如，睿咨得能源称，全球LNG供应过剩最早将于2027年出现。荷兰国际集团也表示，到2030年，美国 和卡塔尔的LNG产能增加，将使全球LNG总出口能力提高45%以上，达到9500亿立方米，将出现巨大的供应过剩。 但壳牌近两年一直在下调LNG供应量的预测值。克莱默斯指出，去年全球LNG出口规模增速创十年来最低，LNG产能仅净增加了200万吨（约合454万立方 米），也创下十年来新低。 这主要因为多个LNG新项目开发不顺、出现延期投产。这主要受新冠疫情期、全 ...

Core Insights - Shell Mobility is exiting the fuel retail market in Mexico, transferring operations to Iconn, which owns 7-Eleven and Petro Seven, involving over 200 fuel service stations and convenience stores [1][2] - The acquisition is pending regulatory approval and is expected to close by the third quarter of 2025, indicating a significant shift in Mexico's competitive energy landscape [1][6] Acquisition Details - The deal includes Shell's network of gas stations, convenience retail outlets, and a fuel import license, crucial for a country dependent on imported petroleum [2][8] - Iconn will gain control over Shell's logistics operations, enhancing its role in the energy value chain [2][3] Strategic Advantages for Iconn - Iconn will benefit from Shell's proprietary fuel technologies and customer loyalty platforms, allowing for improved retail offerings and differentiation from competitors [4][5] - The acquisition enables Iconn to introduce premium fuel options and expand digital services, enhancing operational efficiency [4][9] Market Impact - Shell's exit reflects increasing regulatory challenges in Mexico's downstream energy sector, creating a more favorable environment for local players like Iconn [6][11] - The transition may lead to more localized services and improved digital experiences for consumers [7][11] Infrastructure Value - Shell's infrastructure, including its import license and logistics systems, provides Iconn with greater control over fuel sourcing and reduces reliance on third-party suppliers [8][9] - The acquisition positions Iconn to outperform domestic competitors and set new standards in Mexico's fuel and retail sector [10][11] Conclusion - Iconn's acquisition of Shell's assets marks a pivotal moment in Mexico's energy market, allowing Iconn to innovate and lead in a vital sector [11]