Shell (RDSB) & Tesco (TSCO): 2 FTSE 100 forecourt operators to buy

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Shell (RDSB) & Tesco (TSCO): 2 FTSE 100 forecourt operators to buy

 Shell (RDSB) & Tesco (TSCO): 2 FTSE 100 forecourt operators to buy
Image source: whiteMocca, Shutterstock

Highlights

  • Petrol prices rose over 30p per litre in the last 12 months, as per DBEIS data.
  • The current average price is at a record high of 143.70 pence per litre, compared to a previous high of 142.17 pence per litre reached in April 2012.

Petrol prices in the UK have risen by over 30 pence per litre in the past year, as per government data from the Department of Business, Energy and Industrial Strategy (DBEIS).

The data indicates that fuel is now £17 more costly for an average family car in the UK.

As per the data, the average price of fuel at UK petrol stations stood at 143.70 pence per litre on 1 November, compared to 113.11 pence per litre on 2 November 2020.

This current average price is the highest price on record by the DBEIS, beating the previous record high of 142.17 pence per litre reached in April 2012.

Fuel prices have risen amidst a fuel supply crisis caused by a lorry driver shortage and soaring energy costs.

In view of this, let us take a look at 2 FTSE 100 index listed petrol operator stocks and how they have performed:

  1. Royal Dutch Shell PLC (LON: RDSB)

Royal Dutch Shell is a UK based oil giant. The group is also the third-largest petrol operator in the UK, by brand.

The company recently reported its Q3 2021 interim dividend, with the company’s A and B ordinary shares having a dividend of US$ 0.24 per share.

While its Q3 2021 dividend for ADS for both A and B shares was US$ 0.48 per ADS share. The Q3 2021 ex-dividend date for both A and B shares is on 11 November, while the Q4 2021 ex-dividend date for both A and B shares is on 17 February next year.

RDSB share price and volume

(Image source: Refinitiv)

Royal Dutch Shell’s shares were trading at GBX 1,641.40, down by 1.84 per cent on 2 November at 13:51 hrs BST, while the FTSE 100 index was at 7,247.87, down by 0.56 per cent.

The company’s market cap is at £60,750.48 million, and its one-year return is at 76.78 per cent as of Tuesday.

  1. Tesco PLC (LON: TSCO)

Tesco is one of the UK’s largest supermarkets and also a leading petrol retailer.

The company recently started a pilot service with Gorillas, a fast delivery app. The programme will include the setting up of micro fulfilment centres by the startup at 5 of Tesco’s large stores.

Its H1 2021 group sales rose by 2.6 per cent on an actual rate basis, to £27,331 million, up from £26,652 million in H1 2020.

Also, its H1 2021 adjusted operating profit was up by 40.6 per cent on an actual rate basis, to £1,458 million, from £1,037 million in H1 2020

TSCO share price and volume

(Image source: Refinitiv)

Tesco’s shares were trading at GBX 272.15, up by 0.07 per cent on 2 November at 13:59 hrs BST. The company’s market cap is at £20,975.46 million, and its one-year return is at 32.41 per cent as of Tuesday.

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