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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Shell Plc | LSE:SHEL | London | Ordinary Share | GB00BP6MXD84 | ORD EUR0.07 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 0.09% | 2,903.50 | 2,904.00 | 2,904.50 | 2,913.50 | 2,891.50 | 2,901.50 | 7,588,246 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 316.62B | 19.36B | 2.9802 | 9.74 | 188.64B |
By Justin Scheck
LONDON-- Royal Dutch Shell PLC said Thursday that it has sold its stake in a set of oil wells and processing plants in Nigeria's Niger Delta, the latest in a series of sales in an area where Shell has struggled with oil theft and other security issues.
Shell said it sold its 30% stake in a property known as Oil Mining Lease 24 to Newcross Exploration and Production Ltd., a Nigerian-owned company. Total SA and Eni SpA also sold smaller stakes in OML to Newcross at the same time. Shell said its "cash proceeds" from the deal "amount to some $600 million." Newcross, which now owns 45% of OML, didn't immediately respond to a request for comment.
OML 24 produced about 13,000 barrels of oil and equivalent volumes of natural gas a day during the first half of this year, Shell said.
Write to Justin Scheck at justin.scheck@wsj.com
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