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.