While the Permian was considered as a core region for the group, we believe this transaction makes sense. Given the new strategy, there is indeed a limited interest in keeping short cycle and high cost assets in the portfolio. This might also tell that, by selling the most liquid assets, divesting remains challenging. The good news is that, by distributing most of the proceeds back to the shareholders, Shell does not depend on divestments to fund its transition.
23 Sep 2021
Giving back to shareholders with Permian exit
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Giving back to shareholders with Permian exit
Shell Plc (SHEL:LON) | 2,842 -127.9 (-0.2%) | Mkt Cap: 182,173m
- Published:
23 Sep 2021 -
Author:
Kevin VO -
Pages:
3
While the Permian was considered as a core region for the group, we believe this transaction makes sense. Given the new strategy, there is indeed a limited interest in keeping short cycle and high cost assets in the portfolio. This might also tell that, by selling the most liquid assets, divesting remains challenging. The good news is that, by distributing most of the proceeds back to the shareholders, Shell does not depend on divestments to fund its transition.