Shell is keen to grow its US shale oil portfolio but does not feel pressured to chase new acquisitions, as Occidental and Chevron battle for control of Anadarko’s Permian-rich upstream assets, Shell Chief Financial Officer Jessica Uhl said Thursday. Shell doesn’t “need” to do a US shale deal as it already has a strong US portfolio of shale and tight oil, which has further room for volume growth, Uhl said. “We have significant growth capacity in our existing position and, in that sense, we are not desperate. We don’t need to find new shale exposure … but we like the business,” Uhl told analysts on an earnings call. In January, Shell CEO Ben van Beurden said the company’s portfolio in the prolific Permian shale basin was “a bit small,” fueling to speculation about an acquisition […]