Shell Completes Landmark Fuel and Convenience Network Acquisition
Shell's target is to become a net-zero emissions energy business by 2050. Image courtesy of Shell.
Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (“Shell”), has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies (“Landmark”). Landmark’s stores operate under the Timewise brand. 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.
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.