Company Of The Day: Royal Dutch Shell

+20.69%
Upside
40.11
Market
48.41
Trefis
RDSA: Royal Dutch Shell logo
RDSA
Royal Dutch Shell

What?  

Royal Dutch Shell (NYSE: RDS.A) will sell its assets in the Permian Basin – the most active oilfield in the U.S. –  to ConocoPhillips for about $9.5 billion.

Why?

Relevant Articles
  1. A Closer Look At Royal Dutch Shell’s Energy Transition Strategy
  2. Time To Book Profits In Cimarex Energy Stock?
  3. Pandemic Blues To Weigh On Transocean Stock
  4. Pandemic Blues To Weigh On Cimarex Energy Stock
  5. TechnipFMC Stock Has Room For More Growth
  6. Is There Upside In Cimarex Energy Stock?

The deal comes as Shell looks to cut down on carbon emissions while increasing its exposure to renewable energy.

So What?

Shell intends to return about $7 billion of the sale proceeds to shareholders while using the rest of the funds to bolster its balance sheet. Shell stock declined by about 1.6% in Monday’s trading, in line with the broader market.

See Our Complete Analysis For Royal Dutch Shell

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates