Shell signs deals to develop U.K. solar power projects

  • Royal Dutch Royal Dutch Shell ( Royal Dutch Shell A .A, Royal Dutch Shell A .B) says it signed deals with Island Green Power and Clearstone Energy to develop its first solar photovoltaic projects in the U.K.; financial terms are not disclosed.
  • Royal Dutch Shell says the agreement with Island Green Power would develop a project with more than 700 MW of generation capacity, and the other with Clearstone Energy would work on projects with a combined export capacity of 100 MW.
  • Royal Dutch Shell has focused primarily on long-term power purchase agreements or making smaller investments in technology firms, while European energy peers have made more sweeping investments, such as BP 's commitment to wind power or TotalEnergies' stake in Indian renewables firm Adani Green Energy.

    For this year the company, located in Den Haag revenue will be around 279.06 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


    The analysts expect for 2021 a net profit of 19.21 billion euros. Most of the analysts anticipate on a profit per share of 2.44 euros. The PE-ratio therefore is 8.72.

    Huge dividend Royal Dutch Royal Dutch Shell

    Per share the analysts expect a dividend of 84 cents per share. The dividend yield is then 3.95 percent. The average dividend yield of the oil & gas producers is an attractive 2.91 percent.

    Recent target prices around 21 euros

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

    Based on the current number of shares Royal Dutch Royal Dutch Shell 's market capitalization equals 88.35 billion euros. 106

    At 17.38 the stock trades 0.42 percent higher at 21.28 euros.

    Historical stock prices Royal Dutch Royal Dutch Shell from 2007 till 2021

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