Since the beginning of 2011, Royal Dutch Shell’s (LSE: RDSB) (NYSE: RDS-B.US) shares have underperformed the wider FTSE 100 by around 9%.
This stagnation has left many investors asking the question, ‘will Shell ever break higher?’
Indeed, as the third largest oil company in the world, with enough oil reserves to last for more than 20 years at current production rates and a dividend history that stretches back to the Second World War, Shell should trade at a premium valuation to both its peers and the wider market.
Nonetheless, Shell currently trades at a discount to its peers. The oil giant…