|Bid||49.26 x 1800|
|Ask||49.34 x 3000|
|Day's Range||49.51 - 50.44|
|52 Week Range||33.54 - 51.35|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||41.71|
|Forward Dividend & Yield||1.64 (3.22%)|
|Ex-Dividend Date||Nov. 10, 2021|
|1y Target Est||65.33|
MEXICO CITY/HOUSTON (Reuters) -Mexican state oil company Petroleos Mexicanos on Thursday signed a long-term crude supply contract with Royal Dutch Shell Plc as part of its acquisition of the Deer Park refinery in Texas. Pemex and Shell in May announced the transaction, which is worth almost $600 million and will make the Mexican firm the sole owner of the refinery near Houston. Shell will supply about 200,000 bpd of foreign and U.S. crude to the plant for at least 15 years, according to a source and a July document seen by Reuters.
Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility to Mexico's Pemex, according to a source and document on the transaction. The handover, expected to happen on Thursday, will also include a labor agreement allowing Pemex to absorb most of the refinery's employees for two years, the source and the document said.
Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company and industry sources said. In recent weeks, Secretary of State at the Department of Business, Energy and Industrial Strategy Kwasi Kwarteng has repeatedly highlighted the importance of the North Sea oil and gas industry despite climate activists pressing Britain to reduce its dependency on fossil fuels. The UK's Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) in October rejected on environmental grounds the development plan for the Jackdaw field, which has reserves of between 120-250 million barrels of oil equivalent.