The Anglo-Dutch supermajor said on Tuesday that is may look to exit between five and 10 countries amid a $30 billion asset sell-off to the end of 2018, with some 10% of oil and gas production earmarked for sale.

Brazil, Australia and the US together make up more than half the Anglo-Dutch giant’s upstream spread following the acquisition of BG Group, chief financial officer Simon Henry said at Shell’s capital markets day presentation in London on Tuesday.

Going