Environment

Reuters exclusively reports Shell plans to exit California joint venture with Exxon Mobil

Reuters reported exclusively that Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp. 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

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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