Shell to more than double US company-owned convenience retail sites with acquisition of Tri Star Energy
Shell will add 320 company-owned sites and 552 dealer agreements, more than doubling its U.S. convenience retail footprint.
- On Tuesday, Equilon Enterprises LLC, doing business as Shell Oil Products US, announced an agreement to increase its equity in Tri Star Energy from 33% to 100%, expanding its southeastern U.S. retail footprint.
- This acquisition aligns with Shell's strategy to reallocate capital from lower-return areas to markets where the company has proven competitive advantages, as announced at its 2025 Capital Markets Day.
- The deal adds 320 company-owned convenience retail sites in Tennessee and surrounding states, alongside supply agreements with 552 dealer-owned locations across the region.
- Texas Petroleum Group, LLC, a wholly owned subsidiary of Shell Mobility & Convenience US LLC, will operate the acquired assets following the transaction's expected completion by end of 2026.
- Shell currently operates approximately 12,000 fuel and convenience retail sites across 49 states, serving over 7 million customers daily while dedicating 80% of growth cash capex to 10 key markets.
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Shell to more than double US company-owned convenience retail sites with acquisition of Tri Star Energy
HOUSTON, Sept. 1, 2026 /PRNewswire/ -- Equilon Enterprises LLC, doing business as Shell Oil Products US (Shell), has signed an agreement to increase its equity from 33% to 100% in
Shell to take full ownership of Tri Star Energy, LLC
WorldStage– Shell plc has announced an agreement to take full ownership of Tri Star Energy, LLC through its subsidiary, Equilon Enterprises LLC (doing business as Shell Oil Products US). According to a statement, Shell is acquiring the remaining 67% equity stake in Tri Star Energy from The Parman Corporation, Kimbro Oil Company, and their subsidiaries, moving its […] The post Shell to take full ownership of Tri Star Energy, LLC appeared first o…
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Shell to more than double US company-owned convenience retail sites with acquisition of Tri Star Energy - Business News Week
HOUSTON, Sept. 1, 2026 /PRNewswire/ — Equilon Enterprises LLC, doing business as Shell Oil Products US (Shell), has signed an agreement to increase its equity from 33% to 100% in Tri Star Energy, LLC, a convenience store operator and fuel distributor operating across the southeastern United States and anchored in the Nashville market. The acquisition makes […] The post Shell to more than double US company-owned convenience retail sites with acqu…
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