For Sale: $20 Billion of Unwanted Big-Oil Shares Seek New Owner
- Norway wants to dump its stakes in oil and gas companies
- Proposal adds to doubts over industry’s long-term outlook
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Big Oil is under pressure, unloved and on sale.
Energy giants from Exxon Mobil Corp. to Royal Dutch Shell Plc are struggling back to their feet after a three-year oil slump, while also fighting to prove they can survive for decades to come amid an accelerating shift to clean energy. So getting dumped by the world’s biggest investment fund wouldn’t be welcome news.