Shell’s agreement this week to sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash was a compelling $7 billion value proposition for investors. The remainder of the proceeds will be used to further strengthen Shell’s balance sheet, according to a Monday release from both companies. The proceeds are additional to shareholder distributions equating to 20% to 30% of cash flow from operations. The effective date of the transaction, which […]