Shell Exited China Power Business Amid Push to Boost Returns
- Company left the Asian nation’s power market at end of 2023
- Shell says it will continue to invest in power ‘selectively’
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Shell Plc exited its power business in China at the end of last year as the company continues to refocus its investments in a bid to drive up profitability.
“Shell decided to exit the power value chain in China,” including its generation, trading and marketing businesses, a spokesperson for the company said by email. “We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices.”