Breakingviews - Shell and Equinor make the best of UK oil decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
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.
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.
