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The video discusses the decision to exit onshore US shale, driven by shareholder pressure and lack of returns. It highlights the market dynamics, challenges in finding buyers, and the valuation of assets. The discussion includes the impact of depletion rates and the potential for existing players to acquire assets, with a focus on achieving a modest profit.

What was a significant reason for the decision to exit the onshore US shale market?

• High profitability of shale oil

• Pressure from shareholders

• Lack of competition

• Increased government regulations

How did the market react to the announcement of selling shale assets?

• It was expected and seen as a relief

• It caused a market crash

• It was met with skepticism

• It was a complete surprise

What is a key factor affecting the sale of shale assets?

• The reduction in environmental concerns

• The increase in global oil prices

• The introduction of new drilling technology

• The depletion rates of existing wells

Which company was mentioned as a potential buyer for the shale assets?

• Shell

• Pioneer

• Chevron

• ExxonMobil

What is the estimated base valuation for the shale package according to BP modeling?

• $6 billion

• $10 billion

• $4 billion

• $8 billion