Corporate Strategy

Little Room for Shale in Shell's Strategy

Copyright © 2021 Energy Intelligence Group
US Shale Growth Slows for Good
  • Shell’s sale shows that achieving relative scale and strategic synergies remain vital to make the oil-rich Permian a viable long-term proposition for a Western major.
  • The assets were not a good fit with Shell’s new strategic focus, involving a gradual decline in oil output and step-up in transition investments and emissions goals. 
  • The sale will bolster the company’s ambitious plans to win back shareholders through a combination of cash returns and debt repayment.

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