Jan. 15 at 4:42 PM
$SHEL &
$XOM call off major North Sea asset sale agreed in July 2024 — what happened? 🚫🤔
Evolving market conditions, regulatory hurdles, and Viaro Energy's challenges led to the scrapping of the deal, despite it being fully funded.
$SHEL's Zacks Rank #4 (Sell) and the assets' strategic importance mean Shell and Exxon might still seek other buyers.
Understand the full implications here 👉 https://www.zacks.com/stock/news/2818264/shell-and-exxon-halt-sale-of-key-uk-north-sea-gas-assets?cid=sm-stocktwits-2-2818264-body-29150&ADID=SYND_STOCKTWITS_TWEET_2_2818264_BODY_29150