Jessica Resnick-Ault, Laura Sanicola: January 9, 2020
NEW YORK (Reuters) – Royal Dutch Shell Plc (RDSa.L) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter.
If completed, this and other asset sales currently underway would reduce Shell’s North American refining operations to large plants on the U.S. Gulf Coast, said the people, speaking on condition of anonymity as the talks are private.
Oil and gas major Shell has publicly committed to selling more than $5 billion (3.8 billion pounds) of assets per year in 2019 and 2020. The Netherlands-based company is trying to use its global scale to build a power business as the world moves toward cleaner energy.
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