Strategies diverge for supermajors and independents

Supermajors face increasing demands from investors to cut emissions while independents look for economies of scale

Differing directions: While Shell looks to reduce emissions by selling out of the Permian Basin, independents like ConocoPhillips are looking to add acreage — Differing directions: While Shell looks to reduce emissions by selling out of the Permian Basin, independents like ConocoPhillips are looking to add acreagePhoto: AFP

Mark Passwaters

Houston

Shell Pioneer Natural Resources ConocoPhillips Permian Basin Americas

Published 30 September 2021, 15:15Updated 30 September 2021, 15:15