Production

Shell sells last of its upstream assets in California for $2 billion

UK supermajor’s majority interest in Aera Energy snapped up by IKAV as ExxonMobil also sells stake

Presence continues: Shell said the transaction ends its upstream activities in California, although it will remain in the state via ‘other assets and projects’.
Presence continues: Shell said the transaction ends its upstream activities in California, although it will remain in the state via ‘other assets and projects’.Photo: GLASSPOINT ENERGY
Houston
ShellAera EnergyCaliforniaAmericasNorth America
Published 1 September 2022, 21:26Updated 2 September 2022, 13:28