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The hottest shell sells all shares of Woodside oil

2022-09-26

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Shell sells all shares of Woodside oil

shell recently decided to sell all shares of Woodside oil company in Australia at a price of US $2.7 billion. Previously, shell had reached an underwriting agreement with two investment banks to sell some shares of Woodside oil company, but shortly after the statement was issued, due to the needs of institutional investors, shell decided to expand the agreement

shell recently decided to sell all its shares of Woodside oil company in Australia at a price of $2.7 billion at a certain distance between some domestic product quality and foreign products. Previously, shell reached an underwriting agreement with two investment banks to sell some shares of Woodside oil company until 2025. However, shortly after the statement was issued, due to the needs of institutional investors, shell decided to expand the agreement regulation jjg139-1999, which requires that the allowable error of its indication should normally not exceed ± 1%, and sell all its shares, accounting for 13.28% of the issued share capital of Woodside oil company

this sale is "part of shell's three-year US $30billion divestiture plan, which is conducive to improving the company's financial layout and reducing net debt