HOUSTON, Dec. 1, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash . HOUSTON, Dec. 1, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash . The sale would cut down ConocoPhillips's position in the Delaware region within the larger Permian Basin situated in West Texas and New Mexico. by editor September 21, 2021 Shell will exit the Permian basin after a $9,5 billion sale to ConocoPhillips. The company announced the divestment on Monday, shortly after it announced that its West Delta platform in the U.S. Gulf of Mexico sustained damage after Hurricane Ida. Shell has been buying up shares and . The transaction will transfer all of Shell's interest in the Permian to ConocoPhillips, subject to regulatory approvals. The company also announced it will buy back US$8.5 billion worth of shares in the first half of 2022, including US$5.5 billion from the sale of its Permian shale assets in . Dividends declared to Shell plc shareholders for the quarter amount to $0.24 per share. The. 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 . Shell Exits Permian With $9.5 Billion Texas Shale Sale to ConocoPhillips More FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. December 2, 2021 Royal Dutch Shell plc (the 'company') announces the commencement of up to $1.5 billion of share buybacks today, being the first tranche of the $7 billion shareholder distributions. The company also announced it will buy back $8.5 billion worth of shares in the first half of 2020, including $5.5 billion from the sale of its Permian shale assets in the United States. This will be the first instalment of the $7-billion dividends due to its shareholders following the sale of Shell's Permian operation to COP. The cash pledge comes less than two months after Shell raised its dividend by almost 40 per cent and started $2 billion of share buybacks. HOUSTON — Royal Dutch Shell sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash on Monday. HOUSTON (December 1, 2021) - Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash. By Ed Reed 20/09/2021, 11:40 pm Updated: 21/09/2021, 7:55 am We are also launching $2 billion Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by 4% in the first quarter of 2022. It is designed to create value for our shareholders, customers and wider society, underpinned by our core values and focus on safety. The Board expects that the first quarter 2022 interim dividend will be $0.25 per share, an increase of ~4% . Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by 4% in the first quarter of 2022. The company also said it would buy back $8.5 billion worth of shares in the first half of 2022, including $5.5 billion from the sale of its Permian shale assets in the United States. This will allow the company to deliver, to return additional cash . The oil giant said it would return. Shell (RDS.A) to use the cash proceeds from the Permian asset sale to buy back up to $1.5 billion of shares from Dec 2, 2021 through Jan 28, 2022. In early 2022, the form and the date for releasing the . Reuters first reported in June that Shell had put up for sale its assets in the Permian, the shale formation stretching across Texas and New Mexico that accounts for around 40% of U.S. oil. Of the US$9.5 billion Shell will receive from Monday's sale of the Permian, US$2.5 billion will go toward debt reduction. Royal Dutch Shell plc shareholders will get an unexpected $7 billion payout after the company promised to give them three quarters of the proceeds from the sale of Permian shale oil fields to ConocoPhillips. HOUSTON, Dec. 1, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash . HOUSTON (December 1, 2021) - Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash. The sale would cut down ConocoPhillips's position in the Delaware region within the larger Permian Basin situated in West Texas and New Mexico. This will mark the fourth dividend increase since Shell cut its dividend in early 2020 for the first time since the 1940s. The . This will be the first instalment of the. According to Bloomberg sources, Conoco (NYSE:COP) has hired advisors to sell $1b+ worth of company assets in the Permian. Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders. The company also announced it will buy back $8.5 billion worth of shares in the first half of 2022, including $5.5 billion from the sale of its Permian shale assets in the United States. Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. Shell has entered into an arrangement with a broker to . Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips Sep 20, 2021 Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. Shell ( SHEL.L) found favour with investors on Thursday after it announced it was expanding its share repurchases thanks to soaring energy prices driving profit. Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by 4% in the first quarter of 2022 to US$0.25 per share. This comes only months after Conoco acquired Shell's (NYSE:SHEL) Permian . Having cut its dividend at the height of the pandemic last year, Shell has spent the last 1 1/2 years trying to repair relations with shareholders. being the first tranche of the $7 billion shareholder distributions from the sale of Permian business. Royal Dutch Shell Sells Permian Basin Oil Holdings for $9.5 Billion The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut. Dividend History; Market Events . The buyback scheme is inclusive of the $5.5 billion already earmarked for the programme through the sale of Shell assets in the Permian basin to ConocoPhillips. HOUSTON (December 1, 2021) - Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash. This development comes after the company became one of the basin's biggest producers with its $9.5 billion acquisition of Royal Dutch Shell Plc's Permian operations in December. HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading. For the remainder, "the base case is for that to go as share buybacks," Wael Sawan, Shell's upstream director, said in an interview after the deal was announced on Monday. Royal Dutch Shell plc shareholders will get an unexpected $7 billion payout after the company promised to give them three quarters of the proceeds from the sale of Permian shale oil fields to ConocoPhillips. This will be the first instalment of the $7-billion dividends due to its shareholders following the sale of Shell's Permian operation to COP. Ukraine has awarded its first shale gas exploration contract to the supermajor Shell in a deal worth up to $800 million, Ukraine's state gas exploration company Ukrgazvydobuvannya said. The company also announced it will buy back $8.5 billion worth of shares in the first half of 2022, including $5.5 billion from the sale of its Permian shale assets in the United States. The cash pledge comes less than two months after Shell raised its dividend by almost 40% and started US$2 billion of share buybacks. This development comes after the company became one of the basin's biggest producers with its $9.5 billion acquisition of Royal Dutch Shell Plc's Permian operations in December. The company reintroduced buybacks in July and has promised to return an additional $7 billion of proceeds from the sale of its U.S. Permian assets to investors. Fourth quarter 2021 income attributable to Shell plc shareholders was $11.5 billion, which included non-cash gains of $3.2 billion due to the fair value accounting of commodity derivatives and net gains on sale of assets of $3.0 billion, partly offset by post-tax impairment charges of $0.8 billion. HOUSTON, Sept. 20, 2021 /PRNewswire/ -- Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading . Royal Dutch Shell ( RDS.A, RDS.B) says it completed the sale of its Permian Basin assets to ConocoPhillips (NYSE: COP) for $9.5B, which Shell says reflects its "focus on value over volumes as well . Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips Sep 20, 2021 Houston − Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. Shell Exits Permian With $9.5 Billion Texas Shale Sale to ConocoPhillips More FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. The quality of Shell's operational and financial delivery and strengthened balance sheet have given the Board confidence to rebase the dividend per share from Q2 2021 onwards to 24 US cents. With the closure of the Permian asset divestment, management announced that it will buy back up to $1.5 billion of shares from Dec 2, 2021 to Jan 28, 2022. Royal Dutch Shell ( RDS.A ) ( RDS.B) has decided to sell its Permian Basin assets to ConocoPhillips ( COP ), bagging $9.5 billion. Register . SAN FRANCISCO/HOUSTON/LONDON (Sept 21): Royal Dutch Shell Plc shareholders will get an unexpected US$7 billion payout after the company promised to give them three quarters of the proceeds from the sale of Permian shale oil fields to ConocoPhillips. HOUSTON (September 20, 2021) − Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales . This comes only months after Conoco acquired Shell's (NYSE:SHEL) Permian . The company also announced it will buy back $8.5 billion worth of shares in the first half of 2022, including $5.5 billion from the sale of its Permian shale assets in the United States. Sep 20, 2021. Shell has been buying up shares and. The deal marks a turning . The cash pledge comes less than two months after Shell raised its dividend by almost 40 per cent and started $2 billion of share buybacks. The. HOUSTON - Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory, subject to customary . In early 2022, the form and the date for releasing the . Powering Progress in the United States. Powering Progress has four main goals: Generating shareholder . Powering Progress sets out our strategy to accelerate the transition of our business to net-zero emissions. The buyback scheme is inclusive of the $5.5 billion already earmarked for the programme through the sale of Shell assets in the Permian basin to ConocoPhillips. According to Bloomberg sources, Conoco (NYSE:COP) has hired advisors to sell $1b+ worth of company assets in the Permian.

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