MARKETS

Shell sells interest in Deer Park refinery

SHELL announced overnight it would sell its controlling interest in the Deer Park refinery, Texas, to partner Mexican state-owned Pemex for nearly US$600 million.

Shareholder pressure to decarbonise continues to increase

Shareholder pressure to decarbonise continues to increase

Shell said it did not intend to sell the refinery, however it received an unsolicited offer from Pemex and reached an agreement to transfer its interest to them for $596 million.  "Pemex has been our...

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