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Highlights
- Royal Dutch Shell announced its Q2 2021 interim dividend payment of EUR 0.2024 per A Share and 17.38 pence per B Share, set to be disbursed on 20 September.
- UK Oil and Gas recently received a two-year extension on its Horse Hill licenses for PEDL137 and PEDL246 work programmes.
Oil prices fell on Monday after the largest global oil exporting country Saudi Arabia, cut its crude prices for Asia by at least US$ 1 per barrel for its October official selling price.
The cut in prices was due to concerns over the global outlook on demand. Brent crude oil November futures were trading at US$ 72.13, down by 0.66 per cent today at 11: 34 BST following the news.
Two FTSE listed oil and gas stocks, Royal Dutch Shell PLC (LON: RDSB) and UK Oil and Gas PLC (LON:UKOG), were trending today for varied reasons.
Let us take a closer look at these 2 FTSE stocks in the oil and gas sector and their stock performance today:
- Royal Dutch Shell PLC (LON: RDSB)
FTSE 100 index constituent oil major Royal Dutch shell announced its Q2 2021 pound sterling and euro currency equivalent dividend pricing today.
The oil company will disburse its Q2 2021 interim dividend of EUR 0.2024 per A Share to be paid in euros and 17.38p per B Share to B shareholders to be paid in pounds sterling, by default.
The interim dividend disbursement date is set for 20 September.
(Image Source: Refinitiv)
Royal Dutch Shell’s share prices were trading at GBX 1,441.00, up by 0.69 per cent on 6 September 2021 at 10:41 AM GMT+1. Meanwhile, the FTSE 100 index was trading at 7,178.41, up by 0.56 per cent.
Shell has a market cap of £52,678.69 million and a year to date return of 14.40 per cent as of 6 September.
- UK Oil and Gas PLC (LON:UKOG)
FTSE AIM All Share index constituent UK Oil and Gas is a British oil and gas exploration and production company.
The company was recently granted a two-year extension of its Horse Hill PEDL137 and PEDL246 licenses for its Retention Area work programmes by UK’s industry regulatory body, the Oil and Gas Authority (OGA).
(Image Source: Refinitiv)
UK Oil and Gas’ share prices were trading flat at GBX 0.15 on 6 September 2021 at 09:42 AM GMT+1. Meanwhile, the FTSE AIM All-Share index was trading at 1,312.25, up by 0.16 per cent. UKOG has a market cap of £24.76 million as of 6 September.
Bottom Line
Oil prices have dipped due to demand concerns, especially following the cut in October prices by Saudi Aramco, Saudi Arabia’s state oil major.
Also, Shell’s West Delta-143 (WD-143) offshore facilities were impacted by Hurricane Ida. Thus, oil investors should watch out for Hurrian Ida’s impact and OPEC’s output decision prior to making any changes in their portfolio.
