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Shell chief sees some attractive BP assets – CNBC

Thu Jul 8, 2010 8:08pm GMT

NEW YORK July 8 (Reuters) – The head of Royal Dutch Shell’s (RDSa.L: Quote) U.S. arm told CNBC that the company could be interested in some BP Plc (BP.L: Quote)(BP.N: Quote) assets if its peer tried to sell off properties.

“If BP decided to sell assets clearly there are some things that would make sense for our portfolio. But that’s a later decision because of what’s happening now,” Shell Oil Co President Marvin Odum said.

BP, which has been battling the oil spill from a well blowout in the Gulf of Mexico since April, has announced plans to sell $10 billion in assets to help shore up its cash position.

(Reporting by Matt Daily; Editing by Richard Chang)

� Thomson Reuters 2010 All rights reserved


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