Saudi Aramco, Shell Break Up 18-Year U.S. Refining Marriage

  • Split comes as Saudi Aramco eyes initial public offering
  • Shell will get cash from Aramco following deal, spokesman says

Oil drums containing lubricant oil sit on a conveyor belt at a Royal Dutch Shell plant in Torzhok, Russia.

Photographer: Andrey Rudakov/Bloomberg

Royal Dutch Shell Plc and Saudi Arabian Oil Co. are ending an 18-year refining partnership as the Anglo-Dutch titan prepares to sell billions of dollars of assets and the Middle East nation’s state oil company weighs an initial public offering.

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