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Shell Acquires 30% Stake in BP Gulf of Mexico Prospect Amid Cash Flow Surge

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The Story

News Summary

  • Shell acquired a 30% stake in BP's Conifer deep-water prospect in the Gulf of Mexico.
  • A comparative review highlights Shell's financial edge over BP, underpinned by $21.4 billion in operating cash flow, disciplined capital expenditure, and consistent $3 billion quarterly share buybacks.
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165.99 +46.00% over the displayed period

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