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PEER STRATEGY

Tight Markets Buoy Majors’ Strategic Divestment Plans

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  • The majors remain committed to ongoing divestment programs despite mounting concerns around medium-term oil and gas supplies.
  • Assets previously marked for sale broadly remain noncore as companies more selectively focus upstream and downstream footprints in response to the low-carbon energy transition.
  • Higher prices will likely lend further support to these plans by boosting valuations and preserving cash flows from remaining assets.

The Issue

Topics:
M&A, Corporate Strategy , Majors
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