- @WSJ scoop: Shell is close to a deal to sell assets in the Permian basin to ConocoPhillips for around $9.5 billion as it invests more in renewables
10 replies (most recent on top)
Garage Sale Gretchen is on a roll . . .
"To "About Time", once again there are hundreds of folks with family impacted by these divestments, hardly worth cheering"
I will be impacted but can't agree more with 'about time'. Better to get past this and move on then constantly wonder when
“To "About Time", once again there are hundreds of folks with family impacted by these divestments, hardly worth cheering”
Consider saving a rainy day fund working in a cyclical industry? Or did you blow all of that six figure salary?
Half Price Shell
There will be layoffs as a result of this - there will be some consolidation...
https://www.worldoil.com/news/2021/9/20/shell-to-sell-permian-basin-assets-to-conocophillips-for-95-billion
To "About Time", once again there are hundreds of folks with family impacted by these divestments, hardly worth cheering
Shell could not operate Permian efficiently. But, giving all this cash as a lump sum to the dutch to squander at once is a shame. As with spoiled children, they should have set up a trust fund to keep the dutch at bay, and not blow all the cash at once ...
Destroying a once proud company by chasing the green unicorn. How sad.
about time
“I’m shocked!” Said nobody