Deal Insight
IKAV acquires Shell and ExxonMobil's California JV for US$4 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 1 September 2022, Shell and ExxonMobil announced agreements to sell their respective interests in Aera Energy to IKAV subsidiary Green Gate Resources. Shell will receive US$2 billion in cash with additional payments contingent on unspecified future oil price conditions. This implies a total deal consideration of around US$4 billion although ExxonMobil did not disclose its sale price.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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