Reuters reveals Shell weighing blockbuster sale of Texas shale assets; market reacts

Last Updated on 19/06/2021 by


Business & FinanceEnvironment

Reuters exclusively reported that Anglo-Dutch company Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions. The sale could be for part or all of Shell’s position in the U.S. Permian Basin, located mostly in Texas, which accounted for around 6% of the Anglo-Dutch company’s total oil and gas output last year.

Market Impact

Shell’s shares rose by up to 3% on Monday after the story was published, outperforming its peers.

Article Tags

Topics of Interest: Business & FinanceEnvironment

Type: Reuters Best

Sectors: Business & FinanceCommodities & Energy

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story





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