Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal [Yahoo! Finance]
Royal Dutch Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) (SHEL)
Company Research
Source: Yahoo! Finance
Shell plc (NYSE: SHEL ) is included among the 12 Best Large Cap Energy Stocks to Buy Now Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen. Shell plc (NYSE:SHEL) announced on March 9 that it had agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto (PVA) to an affiliate of Monomoy ?Capital Partners for $1.3 billion. The strategic move comes as the company continues to divest non-core assets while seeking to focus ?on higher-return businesses. The transaction is expected to close in the second half of 2026. Jiffy Lube operates over 2,000 service centers across the US, as well as additional licensees in Canada, while PVA boasts over 360 locations across 20 states. Shell plc (NYSE:SHEL) will also enter into a long-term lubricants suppl
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SHEL
News
- Transaction in Own SharesGlobeNewswire
- Shell update on its facilities in QatarGlobeNewswire
- Transaction in Own SharesGlobeNewswire
- Transaction in Own SharesGlobeNewswire
- Transaction in Own SharesGlobeNewswire
SHEL
Sec Filings
- 3/19/26 - Form 6-K
- 3/12/26 - Form 6-K
- 3/12/26 - Form IRANNOTICE
- SHEL's page on the SEC website