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 The Euro majors have been shrinking their legacy high carbon portfolios to transition their product mix to meet the lower carbon climate goals of the Paris Accord . This is driven by a combination of internal conviction at the executive level, investor revulsion at the “harm” hydrocarbons are doing to the planet, and fear of climate litigation hitting them. We have seen this trend accelerate in recent years with Shell (NYSE:RDS.A), (NYSE:RDS.B) making the most recent splash last week by shedding its previously core Delaware acreage […]