LSE:SHELOil and Gas
Shell’s South African Exit Talks With ADNOC Test Portfolio Shift Narrative
Shell is in advanced talks to sell its South African fuel retail business, including around 600 service stations, to Abu Dhabi National Oil Company (ADNOC).
The potential deal would mark a significant exit from a country where Shell has operated for more than 100 years.
The transaction would further reshape Shell's downstream footprint while giving ADNOC an expanded international retail presence.
For investors watching LSE:SHEL, this possible sale comes with the shares around £32.745 and a...