ACER bids $1.25B for idled Shell refinery

  • American Clean Energy Refining CEO George Dabbs tells Reuters the company has offered $1.25B to buy Royal Dutch Royal Dutch Shell 's ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) idled Convent refinery in Louisiana.
  • If Royal Dutch Shell is unwilling to sell Convent to ACER, the company plans to build a 300K bbl/day refinery along the Mississippi River near the shuttered refinery, Dabbs says, adding that ACER has the necessary funding for an acquisition or a ~$2B construction.
  • Royal Dutch Shell shut the 211K bbl/day refinery last December after failing to sell it after it became unprofitable because of sharply reduced fuel demand during the COVID-19 pandemic.
  • Royal Dutch Shell said last week that it is in talks with Nigeria's government about a potential exit from onshore operations, saying its spill-prone operations there are no longer compatible with its climate strategy.

    For this year Royal Dutch Royal Dutch Shell 's (located in Den Haag) revenue will be around 281.11 billion euros. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 180.54 billion euros.

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

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    The analysts expect for 2021 a net profit of 15.73 billion euros. According to most of the analysts the company will have a profit per share for this book year of 2.03 euros. The price/earnings-ratio is then 7.83.

    Huge dividend Royal Dutch Royal Dutch Shell

    Per share the analysts anticipate on a dividend of 71 cents per share. Royal Dutch Royal Dutch Shell 's dividend yield thus equals 4.47 percent. The average dividend yield of the oil & gas producers is a relatively high 3.08 percent.

    Based on the current number of shares Royal Dutch Royal Dutch Shell 's market capitalization equals 65.96 billion euros. The Royal Dutch Royal Dutch Shell stock was the past 12 months quite unstable. 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

    fundamental research royaldutchshell

    At 17.39 the stock trades 0.38 percent lower at 15.89 euros.

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