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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL

(RDSA)
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Royal Dutch Shell : Minister lauds Shell's expansion plans in Pakistan

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11/12/2019 | 11:59pm EST

Royal Dutch Shell Vice President (Government Relations and Global Advisory) James Hall and Shell Pakistan MD/CEO Haroon Rashid called on Energy Minister Omar Ayub Khan at the Petroleum Division, according to a statement issued on Tuesday.

Hall apprised the minister about Royal Dutch Shell's area of operations in the South Asian region with a focus on current and future plans in Pakistan.

He stressed upon Shell International's unequivocal commitment to meet not just Pakistan's but the world's growing energy demand in economically, environmentally and socially responsible ways.

Shell Pakistan MD/CEO Haroon Rashid shared some of the core areas of operations in the country including in the retail, lubricants, trading, supply, business and aviation sectors.

He also informed the minister about Shell Pakistan's retail network of strategically located 780 plus sites leading to direct, indirect employment opportunities and being a market leader in the country's lubricant market.

The minister welcomed James Hall and appreciated Royal Dutch Shell's sustained cooperation with its domestic partners. He also commended Shell's commitment to Pakistan and its intent to expand in the Pakistani market.

He outlined the government's resolve to introduce reforms in the economy and energy sectors. He particularly stressed upon the government's focus to improve the ease of doing business in the country and the good progress that has been made on that front recently.

The minister shared a brief overview of Pakistan's energy mix and how the present government plans to diversify and increase the share of renewables in the overall energy mix.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
ROYAL DUTCH SHELL -0.18% 25.355 Delayed Quote.-2.77%
SHELL PAKISTANXD -0.60% 216.39 End-of-day quote.-9.46%
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Financials (USD)
Sales 2019 347 B
EBIT 2019 30 278 M
Net income 2019 17 975 M
Debt 2019 70 791 M
Yield 2019 6,71%
P/E ratio 2019 13,0x
P/E ratio 2020 9,33x
EV / Sales2019 0,84x
EV / Sales2020 0,80x
Capitalization 219 B
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Technical analysis trends ROYAL DUTCH SHELL
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 35,41  $
Last Close Price 28,03  $
Spread / Highest target 55,6%
Spread / Average Target 26,3%
Spread / Lowest Target 7,12%
EPS Revisions
Managers
NameTitle
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Charles Otis Holliday Chairman
Jessica Rodgers Uhl Chief Financial Officer & Director
Harry Brekelmans Director-Technology & Projects
Gerard Johannes Kleisterlee Deputy Chairman
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