We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Good to be boring

6 November 2006 By Cyrus Sanati

The $50bn US energy company s decision to sell its exploration and production unit to focus on its utility business makes sense. But the way it s doing it, though an allcash deal, may wind up destroying value. Even if it fetches a high price, taxes will bite.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)