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Plants around the world are coming up for sale — and at knockdown prices. Despite good margins, companies like $BP.L (BP) $TTE (TotalEnergies SE-ADR) SE, $SHEL (Shell PLC (ADR)) and $XOM (Exxon-Mobil) Mobil Corp. have been letting go of assets that they no longer consider a core part of their business. www.bloomberg.com/news/articles/2024-07-04/cash-rich-energy-traders-are-snapping-up-refineries-from-big-oil
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