Current RDS.B Stock Info

On December 30, 2013, Royal Dutch Shell (ticker: RDS-B) completed a $1 billion transaction with Petrobras (ticker: PBR) to acquire an additional 23% interest in the Parque das Conchas (BC-10) offshore Brazil. Its working partner, India-based ONGC Videsh, also increased its stake by 12%. The Brazilian government has already given its approval.

PBR originally held a 35% interest in BC-10 and planned to sell its rights to China’s Sinochem Group in August 2013 for $1.54 billion. Shell and ONGC exercised their right of refusal by acquiring PBR’s as...

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