Skip to content

Reuters exclusively reports Shell plans to exit California joint venture with Exxon Mobil

Environment

Reuters reported exclusively that Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos, as it shifts new investments to renewables and power. The company is also considering a sale of its assets in the Permian Basin of Texas, Reuters previously reported

Article Tags

Topics of Interest: Environment

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Reuters

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *