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Shell is said to evaluate sale of holdings in largest U.S. oil field valued at as much as $10B

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Shell is said to evaluate sale of holdings in largest U.S. oil field valued at as much as $10B

Jun. 13, 2021 7:19 PM ET Royal Dutch Shell plc (RDS.A)RDS.BBy: Josh FinemanSA News Editor

  • Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) is said to be considering selling its holdings in the largest U.S. oil field, holdings that may be worth as much as $10B.
  • The oil major is said to be evaluating selling all of part of its about 260,000 acres (105,200 hectares) in the Permian Basin, located mostly in Texas, according to media reports earlier.
  • CNBC reported that a sale is not imminent, though talks with a buyer or multiple acquirers are ongoing.
  • Last week, Shell to speed up emissions cuts following Dutch court ruling, CEO says.
  • Also see, Watch out for the next ‘oil crisis’: Sector Watch.

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