Shell moves to divest North Sea gas assets

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  • Royal Dutch Shell (NYSE:SHEL) is preparing to sell stakes in two natural gas producing clusters in the British North Sea, according to Reuters.
  • The Clipper Hub and Leman Alpha complex could fetch as much as $1b for the supermajor.
  • Royal Dutch Shell (SHEL) has sold a number of aging upstream assets in the North Sea in recent years, including a $3.8b sale to Harbour Energy (OTCPK:PMOIF) in 2017.
  • The Company recently canceled plans to develop the Cambo field in the UK North Sea, in what many speculated marked the end of large offshore UK projects.
  • BP (NYSE: BP ) and Equinor (NYSE:EQNR) are currently working through development plans for Rosebank and Clair South in the basin, though no final decisions have been made.

    Over the current book year the total revenue from the company in Den Haag will be 426.1 billion euros (consensus estimates). This is rather significant more than 2021's revenue of 261.5 billion euros.

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

    koersgrafieken

    The analysts expect for 2021 a net profit of 36.78 billion euros. The majority of the analysts expects for this year a profit per share of 4.89 euros. The price/earnings-ratio is then 5.12.

    Huge dividend Royal Dutch Royal Dutch Shell

    Per share the analysts anticipate on a dividend of 1 euros per share. The dividend yield is then 4 percent. The average dividend yield of the oil & gas producers is an attractive 2.91 percent.

    Most recent target prices around 31 euros

    The most recent recommendations for the oil & gas producer are from Sanford C. Bernstein & Co, Goldman Sachs and KBC Securities.

    Based on the current number of shares Royal Dutch Royal Dutch Shell 's market capitalization equals 102.59 billion euros. 63

    Historical stock prices Royal Dutch Shell2007-2021

    stock graphs royaldutchshell

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