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Shell exits China power market businesses

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The changes do not apply to Shell electric vehicle charging business, which is a key growth market for the company, spokesperson says

Shell has exited China’s power markets as part of CEO Wael Sawan’s drive to focus on more profitable operations including its natural gas and oil businesses.

“We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices,” Shell said. The changes do not apply to Shell electric vehicle charging business, which is a key growth market for the company, a spokesperson said.

 

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Shell Exited China Power Business Amid Push to Boost ReturnsShell Plc exited its power business in China at the end of last year as the company continues to refocus its investments in a bid to drive up profitability.
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