Insight
Day of deals as IOCs execute on strategy
Report summary
On 9 March 2017 Corporate Service-covered companies announced US$15 billion of deals across four major transactions. Shell sold down in the Canadian oil sands, to CNRL, for US$8.5 billion Shell and CNRL combined to buy Marathon’s oil sands interests for US$2.5 billion Marathon spent US$1.1 billion on Permian tight oil acreage ExxonMobil acquires a 25% stake in ENI’s Mozambique Area 4 LNG project for US$2.8 billion The assets are disparate, but the deals are united by the boldness of strategy on show from the companies involved. In this Insight, we take a look at the strategic implications from each of these deals.
Table of contents
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Shell and Marathon sell down in the Oil Sands as CNRL bulks up
- What it means for Shell
- Marathon’s exit from AOSP
- Impact on CNRL
- What does this mean for the Oil Sands?
-
Marathon strengthens its US tight oil focus
- Delaware entry adds another growth option
-
Eni farms down Mozambique Area 4 to ExxonMobil
- What does this mean for Eni?
- What does this mean for ExxonMobil?
- Implications for Mozambique and LNG
Tables and charts
This report includes 3 images and tables including:
- Mozambique historical deal metrics
- Majors' LNG capacity
- Strategic fit of Shell’s portfolio
What's included
This report contains:
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