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Exclusive: Shell plans to exit California joint venture with Exxon Mobil

Exclusive: Shell plans to exit California joint venture with Exxon Mobil - sources 07/01/2021 | 12:19am EDT Send by mail : Message : Required fields (Reuters) - Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it shifts new investments to renewables and power. The company is also considering a sale of its assets in the Permian Basin of Texas, Reuters previously reported.

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EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

Jessica Resnick-aultArathy S NairShariq Khan 3 minute read 1/3 A logo of Royal Dutch Shell is seen at Gastech,, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo Read More July 1 (Reuters) - Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp (HFC.N) and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it shifts new investments to renewables and power. read more

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Exclusive: Shell plans to exit California joint venture with Exxon Mobil - sources

Exclusive: Shell plans to exit California joint venture with Exxon Mobil - sources By Jessica Resnick-Ault, Arathy S Nair and Shariq Khan Reuters (Reuters) - Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it shifts new investments to renewables and power. The company is also considering a sale of its assets in the Permian Basin of Texas, Reuters previously reported.

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Stocks flat, oil tops $75 as second quarter kicks off

Stocks flat, oil tops $75 as second quarter kicks off
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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Occidental Petroleum Corp (OXY): Price Now Near $32 73; Daily Chart Shows An Uptrend on 20 Day Basis

Occidental Petroleum Corp (OXY): Price Now Near $32 73; Daily Chart Shows An Uptrend on 20 Day Basis
etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.

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