Deal Insight
IKAV acquires Shell and ExxonMobil's California JV for US$4 billion
*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:
Other reports you may be interested in
Insight
US upstream in brief: Diamondback acquires the most coveted Midland target
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
Montney key play
Detailed analysis of Montney production, well design, economics, operator strategy and subsurface.
$22,800
Insight
Q3 2024 North America LNG Projects Update
Awaiting US November Election Results
$1,050
