Shell to supply PetroChina with carbon neutral LNG in five-year deal

  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) says it signed a five-year contract to supply PetroChina (NYSE:PTR) with carbon neutral liquefied natural gas.
  • For each cargo delivered under the agreement, the two companies will "cooperate to offset life-cycle carbon dioxide equivalent emissions generated across the LNG value chain, using high-quality carbon credits from nature-based projects," Royal Dutch Shell says.
  • Separately, Royal Dutch Shell will join a project in Norway to produce hydrogen from natural gas while capturing the emissions, Aker Clean Hydrogen says.
  • The clean hydrogen could be used to decarbonize local industries, for emissions-free fuel for vehicles and ships, or for export to Europe, ACH says.

    Over the current book year the company from Den Haag's total revenue could be around 284.83 billion euros (consensus estimates). This is rather significant more than 2021's revenue of 180.54 billion euros.

    Historical revenues and results Royal Dutch Royal Dutch Shell plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 18.49 billion euros. For this year most of the analysts expect a profit per share of 2.32 euros. The price/earnings-ratio is then 7.47.

    Huge dividend Royal Dutch Royal Dutch Shell

    For this year the analysts expect a dividend of 75 cents per share. Royal Dutch Royal Dutch Shell 's dividend yield thus equals 4.33 percent. The average dividend yield of the oil & gas producers equals an attractive 3 percent.

    Latest estimates around 17 euros

    Barclays , Citigroup and Independent Research recently provided recommendations for the stock.

    Royal Dutch Royal Dutch Shell 's market capitalization is based on the number of outstanding shares around 71.93 billion euros. 38

    Historical stock prices Royal Dutch Royal Dutch Shell past 10 years

    stock price royaldutchshell

    At 13.56 the stock trades 0.46 percent lower at 17.32 euros. Nieuwsdienst: +31 084-0032-842

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