|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||31.64 - 31.64|
|52-week range||23.25 - 32.49|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||7.70|
|Forward dividend & yield||1.32 (4.22%)|
|Ex-dividend date||10 Aug 2023|
|1y target est||N/A|
LONDON (Reuters) -Shell said on Thursday it is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng Energy as part of CEO Wael Sawan's effort to boost profits. Sprng, which Shell acquired from Actis in August 2022 for $1.55 billion, develops and supplies solar and wind power to electricity distribution companies in India, seen as a major growth market in the power sector in the coming decades. "We continue to develop new projects (of the Sprng Energy group) while exploring partnering opportunities with investors who want to deploy capital on de-risked operational assets, with Shell retaining a stake in such assets," Shell said in a statement to Reuters.
Shell (SHEL) launches the world's largest EV charging station in China with 258 charging points and solar panels with 300,000 KWh capacity, as part of a joint venture with BYD.
China's Sinopec Corp has bought more than 30 cargoes of liquefied natural gas (LNG) via a tender for October 2023 to the end of 2024 to cover Chinese winter demand and boost the supply pool for trading, traders said. Sinopec's awarded shipments are on a delivered ex-ship basis into China, Japan, South Korea and Taiwan, including 11 shipments for deliveries into China during the last three months of 2023, one of the sources said. The larger-than-expected purchases were also to cover a supply gap from U.S. exporter Venture Global, said three sources with knowledge of the matter.