Shell Taps Goldman Sachs To Explore Possible Sale Of Singapore Refinery And Petchem Plants
Portfolio Pulse from Charles Gross
Shell is reportedly working with Goldman Sachs to explore the potential sale of its refinery and petrochemical plants in Singapore. The move is part of Shell's strategy to reduce its carbon emissions.
August 23, 2023 | 11:49 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Shell is exploring the sale of its Singapore refinery and petrochemical plants as part of its strategy to reduce carbon emissions. This could potentially impact Shell's asset portfolio and revenues.
The sale of these assets could potentially reduce Shell's revenues in the short term. However, it aligns with their long-term strategy of reducing carbon emissions and transitioning to cleaner energy sources.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs has been tapped by Shell to explore the sale of its Singapore assets. This could potentially increase Goldman's revenues from advisory services.
Goldman Sachs is expected to benefit from this deal as it could increase their revenues from advisory services. However, the impact is not direct and depends on the successful completion of the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50