Reuters exclusively reports Shell plans to exit California joint venture with Exxon Mobil
Reuters reported exclusively that Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with […] The post Reuters exclusively reports Shell plans to exit California joint venture with Exxon Mobil appeared first on Reuters News Agency.
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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.
The post Reuters exclusively reports Shell plans to exit California joint venture with Exxon Mobil appeared first on Reuters News Agency.
