Shell said on June 6 that it had decided to exit its home retail energy businesses in Britain, Germany and the Netherlands due to their poor returns.
Shell launched a strategic review of its European retail businesses in January, shortly after Chief Executive Officer Wael Sawan took office.
"That review has now concluded and as a consequence, we intend to exit those businesses. A sales process is already underway, with the intent to reach an agreement with a potential buyer in the coming months," Shell said in a statement.
Recommended Reading
ChampionX Declares Quarterly Dividend
2023-08-30 - ChampionX Corp. announced today its board declared a regular quarterly dividend of $0.085 per share on the company’s common stock.
Enerplus Increases Dividend by 9%
2023-08-12 - Enerplus Corp. has announced its Sept. 15 dividend will be increased by 9% to US$0.06 per share.
NOV Inc. Declares Dividend
2023-08-17 - NOV Inc.’s board has declared a regular quarterly cash dividend of $0.05 per share.
Halliburton Board Declares Quarterly Dividend
2023-08-23 - Halliburton Co.’s board has declared a third-quarter 2023 dividend worth $0.16 per share.
HighPeak Energy Board Declares $0.025 Dividend
2023-07-24 - HighPeak Energy’s quarterly dividend will be payable on Aug. 25 to shareholders of record as of Aug. 8.