Several independent oil producers recently reinvigorated their businesses by selling off large assets and focusing on certain core aspects. Now, Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B) is looking to do the same with its own $30 billion asset shuffle. With its first sell candiate being its 8% stake in Chevron's (NYSE:CVX) Woodside LNG project, it appears to be on the right track to start.
These types of asset sell-offs can be major inflection points for a company that is struggling like Shell has recently, but it has to be very mindful of what it decides to sell. Tune into the video below to see the good and the bad sides of selling off large swaths of assets and whether this means a good time to invest in Shell.
Why invest in Shell? It pays a Hefty 5% dividend yield