Equinor and Shell’s neat UK combo offers a step towards an exit

Quick Summary:

Already, London-listed Ithaca Energy and Italian major Eni have struck a deal over the latter’s UK assets.

First, Equinor has big tax losses in the UK — £6bn according to Barclays’ Lydia Rainforth and Matthew Cooper.

For both companies, it also means the capital expenditure required by the UK assets will be off their respective group balance sheets.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Companies Become Production North Limited Assets Company Costs 2022 Financial Equinor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 15:39:00 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Readers: 53 people read this story

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24143475

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Year Established: 1888

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions