Following completion of the BG acquisition in 2016, Shell is making good on its promises. It has disposed of US$30 billion and is continuing to streamline its assets. It is transitioning from a company emphasising volume growth to a company to “thrive in the energy transition” while delivering a “world class investment case”. This is as much apparent in its exploration strategy as in other growth options. The integration of BG allowed Shell to rationalise the combined acreage and high-grade opportunities to develop a world-class global exploration portfolio. Prior to the acquisition, Shell's portfolio was already differentiated by its breadth and diversity. It included near-field, high-return, incremental potential, new plays in producing 'heartland' basins and longer-term, high-impact, frontier opportunities.