Shell Plc (SHEL)

[DewDiligence]

Barron’s likes Shell—b/c_it’s_cheaper_than XOM/CVX—and_for retail presence:

https://www.barrons.com/articles/buy-royal-dutch-shell-stock-51628287595

Shell trades for eight times projected 2021 earnings of $4.95 a share, compared with a price/earnings ratio of 14 for Exxon and 16 for Chevron. Shell also has an underappreciated mix of assets, including the largest liquefied natural gas business and the industry’s biggest retail franchise.

…Shell has 46,000 service stations—more locations than McDonald’s or Starbucks. The retail business alone could be worth $40 billion, or 10 times 2020 earnings before interest, taxes, depreciation, and amortization, or Ebitda.

Gas service stations are a low-margin business and the land is typically leased, so this is not a real-estate play.