Thread regarding Shell Oil layoffs

Shell considering possible sale of U.S. Permian assets

BY Reuters — 10:54 AM ET 06/13/2021
By Ron Bousso, Jessica Resnick-Ault and David French

(Reuters) - Oil giant Royal Dutch Shell ( RDS/A

Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its most profitable oil-and-gas assets and grow its low-carbon investments, according to sources familiar with the matter.

The sale could be for part or all of Shell's position in the U.S. Permian Basin, located mostly in Texas. The holdings could be worth as much as $10 billion, the sources said, on condition of anonymity because the talks are private.

Shell declined to comment.

by Anonymous
| 2671 views | | 12 replies (last June 21, 2021) | Reply
Post ID: @OP+1bkK01u5
Comment! It's anonymous!

12 replies (most recent on top)

Sounds like Shell "leaked" on purpose to generate interest.

by Anonymous
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Post ID: @8fvt+1bkK01u5

https://www.reuters.com/business/energy/interest-shells-permian-assets-seen-bellwether-shale-demand-2021-06-15/

by Anonymous
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Post ID: @2axg+1bkK01u5

Not enough content in the supposed leak. Everyone is surprised. If this is even real then sounds like it isnt happening any time soon.

by Anonymous
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Post ID: @1svg+1bkK01u5

I hear Parsable increased the asset value from $1 Billion to $10 Billion!

by Anonymous
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Post ID: @1jxs+1bkK01u5

They don’t have to pay you a severance when it’s divestments. It’s on the acquiring company if they want to hire you/give you severance. With a 1000+ headcount for a 100-ish headcount operation, I can’t imagine the job prospects/severance being that great. All the scrum masters and optimizing folks are in some do0-do0!

by Anonymous
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Post ID: @1scm+1bkK01u5

Everyone at Deer Park refinery was told the site was a key component of the manufacturing strategy even while Shell negotiated the sale. You really can't trust Shell's management to be honest about anything.

by Anonymous
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Post ID: @1ics+1bkK01u5

What happens to the Shales business unit now?

by Anonymous
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Post ID: @1gsb+1bkK01u5

BVB, You are the weakest link. Good Bye.

by Jane Ly--h
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Post ID: @1pmr+1bkK01u5

I'm so tired of this constant uncertainty.

by Anonymous
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Post ID: @ytz+1bkK01u5

I’m not surprised; our personnel head count to well count ratio is laughable. I just hope they offer us a good severance, what has that looked like historically?

by Anonymous
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Post ID: @iht+1bkK01u5

This can’t be, I have an email from the USA country chair right here that says Permian is one of the two pillars of Shell EP going forward.

Well, she lies. Look at her track record.

by Anonymous
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Post ID: @ojl+1bkK01u5

This can’t be, I have an email from the USA country chair right here that says Permian is one of the two pillars of Shell EP going forward.

by Severance please
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Post ID: @fsf+1bkK01u5

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