SHEL Shell Plc

2,903.50

2.50 (0.09%)

26 Apr 2024 - Closed

Delayed by 15 minutes

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	8,130,538	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

Shell Cedes Its Stake in Gabon to China's CNOOC

29/11/2019 12:02pm

Dow Jones News

Shell (LSE:SHEL)
Historical Stock Chart

From Apr 2019 to Apr 2024

By Emmanuel Tumanjong

Special to Dow Jones Newswires

Anglo-Dutch oil-giant Royal Dutch Shell PLC (RDSA.LN) has sold its shares in its Gabonese oil holding to CNOOC Africa Holding, a local affiliate of China's CNOOC Ltd. (0883.HK), according to a government statement issued Thursday.

Shell sold its 75% stake in two oil blocks, marking its departure from the oil business in Gabon while granting CNOOC Africa Holding a 100% stake in the blocks.

Describing the deal as a "win-win", Gabon's Minister of Mines, Hydrocarbons and Gas Noel Mboumba said the transactions were carried out under the country's new oil code, which became operational a few months ago in an attempt to open up the nation's oil business.

Write to Barcelona Editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

November 29, 2019 06:47 ET (11:47 GMT)