Detail akcie North Europe Oil online

Business Summary: 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, 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. and the Royal Dutch/Shell Group of Companies. Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. The Trust receives royalties for sales of gas well gas, oil well gas, crude oil, condensate and sulfur. Under the Trust Agreement, 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 current administrative and related expenses and making provisions for future anticipated expenses.
Financial Summary: BRIEF: For the three months ended 31 January 2025, North European Oil Royalty Trust revenues increased 19% to $506K. Net income increased 59% to $285K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest income increase of 84% to $14K (income). Dividend per share totaled to $0.02.