Royal Dutch Shell Plc’s Shell Aviation entered an agreement with global logistics services provider DHL Express to supply the latter with sustainable aviation fuel (“SAF”) at Schiphol Airport in Amsterdam.
The deal makes DHL Express the first customer to be supplied under the SAF supply agreement between Shell and oil refiner Neste Oyj. The agreement, which was announced in Sep 2020, reflects the airlines’ increasing desire to reduce emissions and is expected to increase the SAF supply for the aviation industry.
Notably, the agreement allows DHL Express to take usual flights operating on SAF. This marks significant progress toward its goal of zero transport-related emissions by 2050. Importantly, the amount of SAF, which Shell Aviation supplies, fulfills DHL Express’s yearly fuel requirements from Schiphol Airport, and helps to reduce its emissions from the European hub.
DHL Express opines that the SAF will play a significant part to achieve its climatic ambitions of reducing the environmental impact of transport emissions. The sustainable fuel is formed by sustainably sourced, renewable waste and residue raw materials, and will be used in a combined form. Moreover, in its neat form and over the lifecycle, SAF reduces carbon emissions by up to 80% compared with fossil jet fuels.
On its part, the deal sets an excellent example of how the aviation industry would expedite its path toward net-zero emissions by generating demand as the fuel industry aims to increase the supply of SAF. As commercial airlines are operating at a lower capacity, Shell considers the deal as an opportunity for the cargo sector to increase the uptake of SAF in the aviation industry. Further, the oil and gas major believes that cargo operators can play an important role to prompt the demand signals to boost investment in and use of SAF.
Company Profile & Price Performance
Shell is one of the primary oil majors — a group of U.S. and Europe-based big energy multinationals — with global operations. The company is fully integrated, as it participates in every aspect related to energy from oil production to refining and marketing.
The stock has gained 49.1% in the past three months.
Zacks Rank & Stocks to Consider
Shell currently carries a Zack Rank #4 (Sell).
Some better-ranked players in the energy space are Ovintiv Inc. (OVV - Free Report) and DCP Midstream Partners, LP , eachsporting a Zacks Rank #1 (Strong Buy), and Summit Midstream Partners, LP(SMLP - Free Report) , carrying a Zacks Rank #2 (Buy)at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ovintiv is expected to see earnings growth of 440.2% in 2021, while DCP Midstream is likely to see earnings growth of 202.4% next year.
Over the past 60 days, the Zacks Consensus Estimate for 2020 earnings for Summit Midstream has been raised by 24%.
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Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Royal Dutch Shell Plc’s Shell Aviation entered an agreement with global logistics services provider DHL Express to supply the latter with sustainable aviation fuel (“SAF”) at Schiphol Airport in Amsterdam.
The deal makes DHL Express the first customer to be supplied under the SAF supply agreement between Shell and oil refiner Neste Oyj. The agreement, which was announced in Sep 2020, reflects the airlines’ increasing desire to reduce emissions and is expected to increase the SAF supply for the aviation industry.
Notably, the agreement allows DHL Express to take usual flights operating on SAF. This marks significant progress toward its goal of zero transport-related emissions by 2050. Importantly, the amount of SAF, which Shell Aviation supplies, fulfills DHL Express’s yearly fuel requirements from Schiphol Airport, and helps to reduce its emissions from the European hub.
DHL Express opines that the SAF will play a significant part to achieve its climatic ambitions of reducing the environmental impact of transport emissions. The sustainable fuel is formed by sustainably sourced, renewable waste and residue raw materials, and will be used in a combined form. Moreover, in its neat form and over the lifecycle, SAF reduces carbon emissions by up to 80% compared with fossil jet fuels.
On its part, the deal sets an excellent example of how the aviation industry would expedite its path toward net-zero emissions by generating demand as the fuel industry aims to increase the supply of SAF. As commercial airlines are operating at a lower capacity, Shell considers the deal as an opportunity for the cargo sector to increase the uptake of SAF in the aviation industry. Further, the oil and gas major believes that cargo operators can play an important role to prompt the demand signals to boost investment in and use of SAF.
Company Profile & Price Performance
Shell is one of the primary oil majors — a group of U.S. and Europe-based big energy multinationals — with global operations. The company is fully integrated, as it participates in every aspect related to energy from oil production to refining and marketing.
The stock has gained 49.1% in the past three months.
Zacks Rank & Stocks to Consider
Shell currently carries a Zack Rank #4 (Sell).
Some better-ranked players in the energy space are Ovintiv Inc. (OVV - Free Report) and DCP Midstream Partners, LP , eachsporting a Zacks Rank #1 (Strong Buy), and Summit Midstream Partners, LP(SMLP - Free Report) , carrying a Zacks Rank #2 (Buy)at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ovintiv is expected to see earnings growth of 440.2% in 2021, while DCP Midstream is likely to see earnings growth of 202.4% next year.
Over the past 60 days, the Zacks Consensus Estimate for 2020 earnings for Summit Midstream has been raised by 24%.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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