Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1063
Assets(RF), mln.USD
717
Capital(RF), mln.USD
601
Glob.Revenue, mln.USD
381314
Staff(RF), 2021
10000
Taxes(RF), mln.USD
24

"Shell completes sale of retail and lubricants businesses in Russia. Exit equity partnerships with Gazprom, leaving its joint venture with state-owned Gazprom and ending its involvement in the now-suspended Nord Stream 2 pipeline, suspend operations in Russia would stop buying Russian oil and natural gas and shut down its service stations and other operations in Russia". There are still some companies left in Russia but Shell is not able to control them anymore. Shell also completes Salym exit but reserves legal actions on Sakhalin 2. Committed to total withdrawal but backtracked with LNG. According to campaign group Global Witness, Shell carried some 7% of Russia’s seaborne shipments of liquified natural gas in 2022. Shell had apologised for continued trade in Russia following the outbreak of war in 2022, having committed to a “phased” wind-down of operations at the time. However, the ongoing ties with Russia have left Shell facing accusations of scoring "blood money."

The Company Statement
May 25, 2023

Totally withdraw from the Russian market for oil, oil products, natural gas and liquefied natural gas in a phased manner. 08.06.2022: Full name changed from SHELL NEFT LLC to TEBOIL RUS LLC. 17.06.2022: Sergey Arturovich Starodubtsev is no longer the organization's CEO, Vitaly Gennadievich Maslov becomes the organization's new CEO. SHELL OVERSEAS INVESTMENTS B.V. and PRIVATE COMPANY B.V. DORDTSE PETROLEUM MATSAPPEY have been deleted as founders from the register. However, Shell still considers itself to be holding a 27.5% interest in Sakhalin Energy Investment Company (SEIC), operator of the Sakhalin 2 oil and gas development project in the Russian far east. Shell still trading Russian gas despite pledge to stop. Putin sweetens deal for Shell's confiscated stake in Russian LNG project. 27.5% of Shell in the Sakhalin-2 project was transferred to Gazprom. Shell does not own them.

March 28, 2024Foreign firms' losses from exiting Russia top $107 billion
March 26, 2024Too early to bank on Shell's Russian cash
March 25, 2024Russia to Sell Shell's Sakhalin-2 Stake to Gazprom
January 10, 2024Russia to Cut Shell's Sakhalin-2 Stake Compensation
January 04, 2024Putin sweetens deal for Shell's confiscated stake in Russian LNG project
December 15, 2023Shell sells stake in Rosneft-owned refinery to Prax as it cuts Russia links
November 16, 2023American purchases of laundered Russian oil worth at least $180 million to the Kremlin
October 05, 2023BT Group, Carlsberg, Burger King, Unilever, Shell, Procter & Gamble, Pepsi, L’Oreal: Who is still in Russia?
September 12, 2023Russia’s Sakhalin-2 Back To Full Production After Maintenance
August 06, 2023European companies suffer €100bn hit from Russia operations
July 02, 2023Shell still trading Russian gas despite pledge to stop
July 02, 2023Shell still trading Russian gas despite pledge to stop
April 12, 2023Shell may get nearly £1bn from sale of stake in Russian gas project
April 12, 2023Russia's Novatek to acquire Shell's stake in Sakhalin-2 for $1.16 bln
April 04, 2023Putin allowed British Shell to withdraw 95 billion rubles from Russia
March 03, 2023Shell completes withdrawal from Salym project in Russia
February 19, 2023Shell and Vitol accused of prolonging Ukraine war with sanctions ‘loophole’
February 17, 2023The President of the Russian Federation allowed Gazprom Neft to acquire Shell's stake in the Salym project
February 08, 2023Letter sent by B4Ukraine to the company (no response provided)
February 05, 2023Shell completes Salym exit but reserves action on Sakhalin 2
February 02, 2023Shell's stake in Russian Salym oil project went to Gazprom Neft
January 02, 2023Shell 2022 profit more than doubles to record $40 bln
December 20, 2022Exxon and Shell Steers Clear Of Russia-Linked Oil Tankers
December 13, 2022Gazprom Neft asks to lift the ban on Shell's withdrawal from the Salym project in order to buy out a partner's share
October 28, 2022Sakhalin-2 is dragging out a new shareholder: The deadline for the tender for the sale of Shell's stake will be extended
October 15, 2022Russian court asked to offer Shell an exit route from Salym joint venture
May 26, 2022Shell finally puts the cross on the Russian market
May 02, 2022Russia Takes Over the Sakhalin-2 LNG Project, Squeezing Shell
April 27, 2022Shell tightens restrictions on Russian oil buying
March 08, 2022Shell announces intent to withdraw from Russian oil and gas
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner