Reuters reveals Shell weighing blockbuster sale of Texas shale assets; market reacts - Reuters News Agency
Business & FinanceEnvironment

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

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
FILE PHOTO: A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.  REUTERS/Angus Mordant/File Photo
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