Shell confirms sale of Permian Basin assets to ConocoPhillips for $9.5B

  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) agrees to sell its Permian Basin assets to ConocoPhillips (NYSE:COP) for ~$9.5B, confirming an earlier report from the Wall Street Journal.
  • The sale is one of the largest recent deals in the shale patch, as big oil firms come under pressure to diversify outside of fossil fuels.
  • Royal Dutch Shell says it will use the cash proceeds from the deal to fund $7B in additional shareholder distributions, with the rest going toward further strengthening of the balance sheet.
  • The sale follows Royal Dutch Shell 's plans to invest more in renewable fuels and eliminate net carbon emissions by 2050.

    For this year Royal Dutch Royal Dutch Shell 's (located in Den Haag) revenue will be around 279.26 billion euros. This is according to the average of the analysts' estimates. This is hugely more than 2021's revenue of 180.54 billion euros.

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

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    The analysts expect for 2021 a net profit of 18.91 billion euros. For this year most of the analysts expect a profit per share of 2.43 euros. The PE-ratio therefore is 6.95.

    Huge dividend Royal Dutch Royal Dutch Shell

    Per share the analysts expect a dividend of 82 cents per share. Royal Dutch Royal Dutch Shell 's dividend yield thus equals 4.85 percent. The average dividend yield of the oil & gas producers is an attractive 2.91 percent.

    Recent target prices around 20 euros

    DZ Bank, Barclays and Citigroup recently provided recommendations for the stock.

    Royal Dutch Royal Dutch Shell 's market value equals around 70.17 billion . 59

    At 17.37 the stock trades 3.35 percent higher at 16.9 euros.

    Historical stock prices Royal Dutch Royal Dutch Shell

    stock prices royaldutchshell

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