Shell sells stake in Canadian oil group | Fin24
  • Mpumalanga Mine

    Constitutional Court rejects coal mining company’s attempt to appeal – but the saga isn’t over.

  • Audit Outcomes

    Turnaround plans had virtually no impact for ailing parastatals, the Auditor-General has found.

  • Battery Power

    Gordhan: Government intends to sign off soon on a "world class" battery storage project.


Shell sells stake in Canadian oil group

May 08 2018 11:17

London - Royal Dutch Shell on Tuesday said it had agreed to sell its near nine-percent stake in energy group Canadian Natural Resources for $3.3bn to help reduce debt.

The Anglo-Dutch giant announced in a short statement an "agreement to sell its entire stake in Canadian Natural Resources Limited".

Shell last month announced soaring net profits thanks to resurgent crude oil and gas prices.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

shell  |  companies  |  industrial


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote