European oil giant Royal Dutch Shell Plc (RDS-A, RDSA.L, RDSB.L, RDS-B) said it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy. The company's non-service station Lubricants and Marine businesses are not part of this announcement. Also, this has no impact on the Upstream and Gas & Power businesses in Italy. These businesses present strong growth opportunities for the company in Italy.
According to the company, the potential sale is consistent with its strategy to focus its global Downstream businesses, where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany and Downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across Africa, with Italy being an important country for Shell.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.