North European Oil Royalty Trust
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NRT North European Oil Royalty Trust
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Energy : Oil, Gas & Consumable Fuels | Small Cap Growth
Company profile

North European Oil Royalty Trust (the Trust) is a grantor trust which, on behalf of the owners of units of beneficial interest in the Trust (the unit owners), holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. Its royalties are received for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. The Trust conducts no active business operations and is restricted to collection of income from royalty rights and distribution to unit owners of the net income after payment of administrative and related expenses.

Price
Delayed
$12.22
Day's Change
-0.1094 (-0.89%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.58
Day's Low
12.22
Volume
(Light)

Today's volume of 18,441 shares is on pace to be much lighter than NRT's 10-day average volume of 176,639 shares.

18,441

Caterpillar, Goldman Sachs Share Losses Lead Dow's 267-point Fall

1:17 pm ET March 10, 2023 (MarketWatch)
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This article was automatically generated by MarketWatch using technology from Automated Insights.

The Dow Jones Industrial Average is falling Friday afternoon with shares of Caterpillar and Goldman Sachs facing the biggest drops for the price-weighted average. Shares of Caterpillar (CAT) and Goldman Sachs (GS) are contributing to the index's intraday decline, as the Dow was most recently trading 267 points lower (-0.8%). Caterpillar's shares have declined $10.28 (4.3%) while those of Goldman Sachs have declined $11.53 (3.4%), combining for an approximately 144-point drag on the Dow. American Express (AXP), Walt Disney (DIS), and Salesforce (CRM) are also contributing significantly to the decline. A $1 move in any of the benchmark's 30 components equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.

	

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

	

(END) Dow Jones Newswires

March 10, 2023 13:17 ET (18:17 GMT)

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