Who is the largest shareholder in Shell oil?

Shell plc is a multinational oil and gas company headquartered in London, United Kingdom. It is one of the world’s largest energy companies, and its shares are traded on the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE).

The largest shareholder in Shell Oil is the US asset management firm, BlackRock. As of November 2023, BlackRock owns approximately 6.8% of Shell’s outstanding shares.

BlackRock is the world’s largest asset manager, with over $10 trillion in assets under management. It is a diversified investment firm that offers a wide range of products and services to institutional and retail investors.

Why is BlackRock the Largest Shareholder in Shell Oil?

There are a few reasons why BlackRock is the largest shareholder in Shell Oil. First, BlackRock is a large investor in energy companies in general. Energy is a sector that BlackRock believes has long-term growth potential. Second, BlackRock is attracted to Shell’s strong financial performance and its global reach. Shell is one of the most profitable oil and gas companies in the world, and it has operations in over 70 countries. Third, BlackRock believes that Shell is well-positioned to benefit from the transition to clean energy. Shell is investing heavily in renewable energy and other clean energy technologies.

Other Major Shareholders in Shell Oil

Other major shareholders in Shell Oil include:

  • Vanguard Group (5.8%)
  • State Street Global Advisors (5.5%)
  • Capital Research (4.9%)
  • Norges Bank Investment Management (4.7%)
  • Legal & General Investment Management (4.5%)

Benefits of Owning Shell Oil Shares

There are a few benefits to owning Shell Oil shares. First, Shell is a well-established and profitable company with a strong track record. Second, Shell has a global reach and is involved in all aspects of the oil and gas industry. Third, Shell is investing in renewable energy and other clean energy technologies, which will position the company for future growth.

Risks of Owning Shell Oil Shares

There are also a few risks to owning Shell Oil shares. First, the oil and gas industry is cyclical, and Shell’s earnings can be volatile depending on oil and gas prices. Second, Shell faces increasing competition from other oil and gas companies, as well as from renewable energy companies. Third, Shell is exposed to political and regulatory risks in the countries where it operates.

Conclusion

BlackRock is the largest shareholder in Shell Oil. BlackRock is attracted to Shell’s strong financial performance, its global reach, and its investments in clean energy. Other major shareholders in Shell Oil include Vanguard Group, State Street Global Advisors, Capital Research, Norges Bank Investment Management, and Legal & General Investment Management.

FAQs

What is the ticker symbol for Shell Oil shares?

The ticker symbol for Shell Oil shares on the NYSE is “SHEL.

What is the dividend yield for Shell Oil shares?

The dividend yield for Shell Oil shares as of November 2023 is approximately 4%.

Is Shell Oil a good investment?

Whether or not Shell Oil is a good investment depends on your individual investment goals and risk tolerance. Shell is a well-established and profitable company with a global reach. However, the oil and gas industry is cyclical, and Shell’s earnings can be volatile depending on oil and gas prices. Shell also faces increasing competition from other oil and gas companies, as well as from renewable energy companies.

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