Anglo-Dutch oil supermajor Shell is set to leave the Permian with a divestment worth close to $10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of $9.5 billion. "After reviewing multiple strategies and portfolio options for our Permian assets, this transaction with ConocoPhillips emerged as a very compelling value proposition," said Wael Sawan, Upstream Director at Shell. "This decision once again reflects our focus on value over volumes as well as disciplined stewardship of capital. This…
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