Shell Midstream Partners owns, operates, develops and acquires pipelines and other midstream and logistics assets. Co.'s assets include interests in entities that own crude oil and refined products pipelines and terminals that transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets, and deliver refined products from those markets to main demand centers and storage tanks and financing receivables that are secured by pipelines, storage tanks, docks, truck and rail racks and other infrastructure used to stage and transport intermediate and finished products. Co.'s assets also include interests in entities that own natural gas and refinery gas pipelines. We show 4 historical shares outstanding datapoints in our SHLX shares outstanding history coverage, used to compute SHLX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SHLX market cap history over the course of time is important for investors
interested in comparing SHLX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SHLX versus a peer is one thing; comparing
SHLX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SHLX can fluctuate over the course of history.
With this page we aim to empower investors researching SHLX by allowing them to research the SHLX market cap history. |
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Video: The Importance of Market Cap
