Shell Plans to Close 500 Locations a Year in 2024 and 2025
The company seeks to increase the number of public charge points it operates to about 200,000 by 2030.
Giant gas station operator Shell plc has revealed its plans to divest about 500 company-owned retail sites in each year in 2024 and 2025 as it upgrades its retail network with expanded electric vehicle charging and convenience offers in response to customer needs, the company on March 14 said in its Energy Transition Strategy 2024 report.
Shell is one of the largest gas station retailers globally as it operated over 46,000 Shell-branded retail locations, including 12,500 convenience stores worldwide at the end of 2022, according to its 2022 annual report.
The company also owned about 139,000 electric charge points, including over 28,000 charge points at Shell forecourts, on-street locations, mobility hubs and destinations like supermarkets.
The company, however, did not indicate in its Energy Transition Strategy Report which retail sites and which countries would be affected by the divesting of properties. No reason was given for its plans to dispose of the 1,000 locations.
Shell said in the report between now and 2030, it is focusing on three areas where it has the potential to positively impact the energy transition by reducing the cost for its customers – electric vehicle charging, biofuels and integrated power.
The company seeks to increase the number of public charge points it operates to about 200,000 by 2030.
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