- Refining & Marketing
Shell completes acquisition of 1,400 retail outlets in the U.S.
Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US, has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies. The acquisition also includes supply agreements for the independently operated fuel and convenience sites.
Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell’s market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world.
On October 26, 2021, Shell announced it had reached an agreement to purchase the Landmark fuel and convenience network. The agreement has been adjusted to remove 64 company-owned Landmark sites, which currently sell ExxonMobil branded fuels, as well as
removing fuel supply agreements for nine dealer-owned sites, which currently sell Chevron and Texaco branded fuels. There is no change in the agreement for sites within Texas Petroleum Group, LLC (TPG), previously a 50-50 joint venture between Equilon Enterprises LLC (d/b/a Shell Oil Products US) and Landmark Industries Holdings, Ltd.
TPG will be a wholly owned subsidiary of Shell Retail and Convenience Operations LLC, within Shell’s Downstream Mobility business. More than 1,400 Landmark team members enable Shell to grow its company-owned network in the U.S. Shell, through wholesalers, dealers, and JV partners, currently own and operate more than 13,000 Shell-branded sites across the U.S.
With this acquisition, Shell is advancing its Powering Progress strategy in three ways: by growing its retail footprint in a core market; by providing opportunities to offer customers expanded fuelling options, including electric vehicle charging, hydrogen, biofuels and lower-carbon premium fuels, and by allowing for the growth of non-fuel sales through an enhanced convenience offering.