Investegate |Royal Dutch Shell plc Announcements | Royal Dutch Shell plc: Director/PDMR shareholding investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
HOUSTON Royal Dutch Shell on Monday sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash.
Oil major Shell is exiting its Permian Basin business in the U.S. through a $9.5 billion deal with ConocoPhillips. Shell’s move is in line with efforts to shift its focus on the energy transition while ConocoPhillips believes the deal will enable it to play a valued role in the transition through the addition of more low GHG intensity barrels to the mix.
Shell Oil is selling its US Permian assets to ConocoPhillips mercopress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mercopress.com Daily Mail and Mail on Sunday newspapers.