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https://science4data.com/business-insider-shell-considers-selling-assets-in-the-largest-us-oil-field-reuters-reports-highlighting-pressure-to-focus-on-low/

Shell considers selling assets in the largest US oil field, Reuters reports, highlighting pressure to focus on low

2021-06-14 05:15:00, Rebecca UngarinoJun 14, 2021, 00:22 IST, Business Insider

Content Categorization
/Business & Industrial/Energy & Utilities/Oil & Gas
/News/Business News

Word Count:
504

Words/Sentence:
34

Reading Time:
3.36 min

Reading Quality:
Adept

Readability:
13th to 15th

Media Sentiment
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RCS Analysis
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PESTEL Scope
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Entity Word Cloud
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Shell produces some 160,000 to 170,000 barrels of oil per day in the Permian Basin, upstream director Wael Sawan said on May 25 during a meeting with analysts.

Investors' efforts to push for change reached a landmark moment this spring when Exxon shareholders elected to install three new directors on the oil giant's board in a bid to accelerate its shift toward cleaner energies.

Royal Dutch Shell is reviewing its holdings in the Permian Basin, Reuters reported on Sunday.

That may mean Shell sells some or all of its 260,000 acres in the oil field, Reuters reported.

Shareholders and activists have pressured oil corporations to reduce their carbon footprints.

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Shell earlier this year outlined a plan that included targets like cutting the carbon intensity of the energy products it sells by at least 6% by 2023 and 20% by 2030, compared to 2016 levels.

Environmental- and social-related shareholder proposals have seen record support this year, according to a report last week by RBC Capital Markets analysts Sara Mahaffy and Lori Calvasina.

Keywords
weekend bi us, finance, exxon, oil, energy, Royal Dutch Shell, M&A, news

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