I track the ConConchCOP story here. Wow, this story certainly has legs.
- European oil majors are working hard to cut their emissions by shedding assets as they attempt to become energy majors
- One of the highest-profile cases of this transition so far was the sale of Shell’s Delaware acreage to ConocoPhillips
- The market has responded by rewarded COP with a 25% increase so far this week, but the real value is yet to be realized