Deals

Woodside CEO Seeks Shell Exit Decision on $6.6 Billion Stake

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By James Paton

February 20, 2014 at 5:53 AM UTC

This article is for subscribers only.

Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”

“Everyone would like some clarity on that because it has been out there in the market for about three years,” Chief Executive Officer Peter Coleman said today in an interview in Sydney. “The market is looking for some certainty now.”