Shell and Equinor form UK North Sea oil and gas joint venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
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Should l Buy ?
Source: Reuters
Joint Venture Formation: Shell and Equinor are merging their British North Sea assets to create the largest oil and gas company in the region, aiming to enhance profitability and increase output to 200,000-220,000 barrels of oil equivalent per day by 2025.
Financial Benefits: The joint venture will benefit from significant tax savings and reduced capital expenditures, with Equinor contributing deferred tax losses and Shell leveraging its larger production capabilities.
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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.
