Shell, Iberdrola join in bid to build floating wind farms off Scotland

  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) says it is teaming up with Iberdrola-owned (OTCPK:IBDRY) ScottishPower to bid to develop large-scale floating wind farms off the coast of Scotland.
  • The partners say they submitted multiple proposals for the potential projects as part of the ScotWind leasing round.
  • Scotland could be at the forefront of the wind power sector, the companies say, potentially providing power for as much as 25% of the U.K. domestic market, or ~8M homes.
  • Many of Europe's major energy companies including BP , TotalEnergies (NYSE:TTE), Equinor (NYSE:EQNR) and Eni (NYSE:E) may place bids in the auction of 15 seabed locations for the next generation of wind farms.
  • Royal Dutch Shell said recently it would increase total shareholder distributions to 20%-30% of cash flow from operations.

    Investors in Royal Dutch Royal Dutch Shell can expect a huge dividend payment. Based on the recent analysts' consensus the stock now has one of the highest dividend returns of the Dutch market. Per share the analysts are expecting a dividend of 78 cents per share. Thus the dividend yield equals 4.56 percent. The average dividend yield of the oil & gas producers equals an attractive3 percent.

    Historical dividend returns Royal Dutch Royal Dutch Shell

    For this year Royal Dutch Royal Dutch Shell 's revenue will be around 284.83 billion euros. This is according to the average of the analysts' 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

    fundamenteel onderzoek

    The analysts expect for 2021 a net profit of 18.5 billion euros. The majority of the analysts expects for this year a profit per share of 2.32 euros. Based on this the price/earnings-ratio is 7.37.

    Recent target prices around 20 euros

    The most recent recommendations for the oil & gas producer are from DZ Bank, Berenberg and Barclays .

    Royal Dutch Royal Dutch Shell 's market capitalization is based on the number of outstanding shares around 70.96 billion euros. 40

    Historical stock prices Royal Dutch Royal Dutch Shell past 10 years

    fundamental data royaldutchshell

    On Friday the stock closed at 17.09 euros.

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