News Formal

Shell exits China power market businesses

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 15 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 92%

Energy News

Shell,China,Power

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »