The oil giant Royal Dutch Shell (hereinafter referred to as Shell) will continue to divest oilfield assets.
According to a report on the US CNBC website, Shell is considering selling its holdings in the largest oil field in the United States. Shell hopes to focus on its most profitable oil and gas assets while increasing low-carbon investments.
The sale may be part or all of Shell's business in the Permian Basin of Texas, US, worth up to 10 billion U.S. dollars, or about 64 billion yuan. The basin produces about 4.5 million barrels per day, which accounts for about 40% of the total production in the United States and about 6% of the total oil and gas production of the Anglo-Dutch company last year.
Currently, Shell is negotiating with multiple buyers, but Shell declined to comment on this news.
It is understood that earlier this year, Shell formulated an ambitious climate strategy plan. The goal is to reduce carbon emissions by at least 6% by 2023 compared to 2016, by 20% by 2030, and finally achieve emissions reduction by 2050. 100%. However, a Dutch court said last month that this rate is far from enough, requiring Shell to reduce its carbon emissions by 45% by 2030 compared to 2019.
Public information shows that Royal Dutch Shell Group is the world's largest oil company and a major international producer of oil, natural gas and petrochemicals, as well as a retailer of automotive fuel and lubricants. Shell has operations in 140 countries around the world, employs nearly 90,000 people, and its oil and gas output account for 3% and 3.5% of the world's total output, respectively. As the largest industrial company in the Netherlands, it ranked first in the Fortune 500 in 2012.
