June 15, 2021

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

  • Science4Data Article Insights
Book a Demo
  • This field is for validation purposes and should be left unchanged.
Science4Data Article Insights

https://www.businessinsider.in/finance/news/shell-considers-selling-assets-in-the-largest-us-oil-field-reuters-reports-highlighting-pressure-to-focus-on-low-carbon-investments/articleshow/83493261.cms

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:
535

Words/Sentence:
31

Reading Time:
3.57 min

Reading Quality:
Adept

Readability:
13th to 15th

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

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.

Advertisement

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.

Shareholders and activists have intensified calls on oil companies like Shell, Exxon Mobil, and Chevron to reduce their carbon emissions in recent years.

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

Share

Interested in Learning More?

Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.