Breakingviews - Shell and Equinor make the best of UK oil decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Should l Buy ?
Source: Reuters
Joint Venture Formation: Shell and Equinor are merging their UK oil and gas assets into a 50-50 joint venture, creating the largest independent producer in the UK North Sea with over 140,000 barrels per day expected by 2025.
Tax Strategy and Political Context: This merger is a strategic move to mitigate risks from high taxation policies imposed by the UK government, while also providing potential tax benefits through Equinor's deferred tax losses.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
