Shell has announced the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies, as well as supply agreements for the independently operated fuel and convenience sites.
Shell made the announcement it had reached an agreement to purchase the Landmark fuel and convenience network on October 26, 2021. The agreement has been adjusted to remove 64 company-owned Landmark sites, which currently sell Exxon Mobil branded fuels. It has also been adjusted to remove fuel supply agreements for nine dealer-owned sites, which currently sell Chevron and Texaco branded fuels. There is no change in the agreement for sites within Texas Petroleum Group (TPG), previously a 50/50 joint venture between Equilon Enterprises (dba Shell Oil Products US) and Landmark Industries Holdings.
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 fueling 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.
