North European Oil Royalty Trust
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54.68M
Market cap
2.59x
Current P/E
Forward P/E

About

Energy
Sector
Oil & Gas - Exploration & Production
Industry

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. It holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur.

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