By John Donovan: According to a Shell insider source, rumours are circulating that Royal Dutch Shell Plc may divest Shell Oil Company in order to generate money. And presumably to get rid of the difficult USA influence. Since Saudi Aramco are joint owners on a 50-50 basis with Shell in Motiva Enterprises, operating three US refineries and 7,700 Shell branded gasoline stations, the Saudis would be the most logical buyer, perhaps followed by Chevron.
Headline: Insider rumors circulating that Shell may divest Shell Oil Co
(Royal Dutch Shell, a joint-venture partner in Woodside’s Browse project in Western Australia, has earlier specified it will begin an asset sales program under the stewardship of Ben van Beurden its new chief executive.)