SHELL INTENDS TO EXIT PAKISTAN AFTER 75 YEARS IN THE COUNTRY

June 16, 2023

Shell Petroleum Company Limited, a subsidiary of Shell plc, has announced its intention to sell its holding in Shell Pakistan Limited (SPL), simplifying Shell’s portfolio.
Shell Pakistan has been in the country for 75 years and has a substantial retail footprint and a strong lubricants business.
For the first quarter of 2023 Shell Pakistan posted a loss after tax of PKR 4,762 million compared to the profit after tax of PKR 2,079 million made in the same period in 2022.
(Source and image: Shell – Shell Pakistan workers)