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You are at:Home»Business»Shell plans to stimulate upstream, gas activity can sell chemical assets
Business

Shell plans to stimulate upstream, gas activity can sell chemical assets

March 26, 2025002 Mins Read
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Main to remember

  • Shell said he was planning to develop his upstream and integrated gas activity of 1% per year until 2030, a month after BP Rival announced that it would invest more in oil and gas in a pivot of its low -carbon strategy
  • Shell has also raised the potential to sell its chemical assets as part of its efforts to improve yields.
  • Shell also said that he wanted to extend liquefied natural gas sales (LNG) between 4% and 5% per year at 2030.

Shell (Shel) said that he planned to develop his upstream and integrated gas activity by 1% per year until 2030, a month after his BP rival (COP) announced that it would invest more in oil and gas in a pivot of its low carbon content strategy.

Shell said the increase in its upstream and integrated gas activity would allow it to maintain its “1.4 million barrels per day of liquid production to 2030 with an increasingly low carbon intensity”. The company based in London also said that it wanted to develop liquefied natural gas (LNG) Sales between 4% and 5% per year at 2030.

Shell has also raised the potential to sell its chemical assets as part of its efforts to improve yields. The company said it would explore “strategic and partnership opportunities” for its American chemical operations and examine “high -level and selective closures in Europe”.

“We want to become the main integrated gas and LNG activities in the world and the energy specialist and the client’s most focused merchant, while supporting a level of liquid production material,” said CEO Wael Sawan.

The actions listed by Shell earn more than 1.5% in pre-commercial negotiations on Tuesday and increased by almost 7% in the past 12 months to Monday.

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