Carlos Slim slashes his stakes in PBF Energy and Talos Energy by half, liquidating $1.15 billion in assets as energy markets climb, while maintaining a $1.4 billion residual position.
Carlos Slim has significantly reduced his exposure to PBF Energy by selling over $820 million worth of shares. Despite this divestment, which cut his stake roughly in half, the remaining position retains a value comparable to his January holdings due to the appreciation of energy shares amid rising crude prices.
Carlos Slim sold approximately $820 million worth of PBF Energy shares.
Carlos Slim has executed a strategic reduction in his Talos Energy position, cutting his stake by approximately 50%. This move is part of a broader trend where the billionaire is trimming his U.S. oil stock portfolio while energy prices remain elevated due to geopolitical tensions.
Carlos Slim has reduced his stake in Talos Energy by roughly half as part of a wider divestment from U.S. oil stocks.
The company is mentioned only to contextualize Carlos Slim's overall wealth composition, with no direct trading activity reported.
Mexican billionaire Carlos Slim has offloaded over $1.15 billion in U.S. energy holdings, cutting his positions in PBF Energy and Talos Energy by approximately 50%. Despite the aggressive sell-off, the remaining value of his energy portfolio remains stable at $1.4 billion due to the recent surge in crude prices.
Slim is liquidating portions of his energy portfolio to capitalize on rising crude prices and energy sector gains, even as he maintains a significant residual stake.
The impact is marginal, as the bulk of his $124 billion fortune remains tied to his telecommunications giant, América Móvil.