Shell sells Deer Park refinery stake to JV partner Pemex in $596M deal

  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A) agrees to sell its 50% stake in the Deer Park Refinery in Texas to joint venture partner Pemex for $596M in cash and debt plus hydrocarbon inventory.
  • The current value of the hydrocarbon inventory would total $250M-$350M assuming current market prices.
  • " Royal Dutch Shell did not plan to market its interest in the Deer Park refinery; however, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership to them," Royal Dutch Shell says.
  • "Now Pemex will have 100% of the shares," Mexican President Lopez Obrador says. "The most important thing is that in 2023 we will be self-sufficient in gasoline and diesel. There will be no increases in fuel prices."
  • Lopez Obrador recently criticized the Deer Park partnership with Royal Dutch Shell , saying Mexico had seen no benefits.
  • Royal Dutch Shell says it will continue to operate its 100% owned Deer Park Chemicals facility located adjacent to the site.
  • Earlier this month, Royal Dutch Shell sold the Puget Sound Refinery to HollyFrontier for $350M plus hydrocarbon inventory valued at $150M-$180M.

    For this year Royal Dutch Royal Dutch Shell 's revenue will be around 281.11 billion euros. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 180.54 billion euros.

    Historical revenues and results Royal Dutch Royal Dutch Shell plus estimates 2020

    koersgrafieken

    The analysts expect for 2021 a net profit of 15.73 billion euros. Most of the analysts anticipate on a profit per share of 2.03 euros. Based on this the price/earnings-ratio is 7.83.

    Huge dividend Royal Dutch Royal Dutch Shell

    Per share the analysts expect a dividend of 71 cents per share. Thus the dividend yield equals 4.47 percent. The average dividend yield of the oil & gas producers equals a good 3.08 percent.

    Latest estimates around 22 euros

    The most recent recommendations for the oil & gas producer are from Independent Research, Sanford C. Bernstein & Co and ABN AMRO .

    Royal Dutch Royal Dutch Shell 's market capitalization is based on the number of outstanding shares around 65.96 billion euros. The Royal Dutch Royal Dutch Shell stock was the past 12 months quite volatile. Since last May the stock is 11 percent higher. This year the stock price moved between 10 and 19 euro.

    Historical stock prices Royal Dutch Royal Dutch Shell period 2007-2021

    historical stocks royaldutchshell

    At 16.51 the stock trades 0.23 percent lower at 15.89 euros.

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