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Shell Looks to Unload Permian Basin Assets

TheMotleyFool

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Shell Looks to Unload Permian Basin AssetsPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

The Permian Basin has been a massive growth driver for the oil and gas industry, but Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B) is joining a number of its peers in looking to exit its U.S. shale assets.

A Reuters report on Sunday indicates the energy giant could be eyeing a sale of its Permian portfolio in a bid to lower its carbon emissions, but the shale position represented some 6% of Shell's total production last year. It's estimated the sale could raise as much as $10 billion.

Image source: Getty Images.

Source Fool.com

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