The Oil Major Primed To Profit In The Permian

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 in the…