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Midland, TX

Climate goals help drive Shell's Permian oil basin exit

spglobal.com
 26 days ago

Cover picture for the articlePermian Basin pumpjacks at dusk, north of Midland, Texas, in late 2019. Source: Richard Eden/Getty Creative via Getty Images. Royal Dutch Shell PLC's decision to sell all of its assets in the Permian Basin to ConocoPhillips for about $9.5 billion appeared to mark a quick shift in strategy for the Dutch energy giant that had described the business as "core" just a few months ago.

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