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Shell Oil Products US

Company Summary

Description

Shell Oil Products Company LLC refines, markets, and distributes crude oil and petroleum products. The company was incorporated in 1995 and is based in Houston, Texas. Shell Oil Products Company LLC operates as a subsidiary of Shell Oil Company.

Website

http://www.bloomberg.com/research/stocks/private/s...

Related Entities

Recent news

  • 4/4/2022 - Shell Closes on Sale of... (subscriber access)
  • 10/27/2021 - Shell Acquiring 248 Fuel... (subscriber access)
  • 5/5/2021 - Shell Divesting Puget... (subscriber access)
  • 6/26/2020 - Empire Pipeline Acquires... (subscriber access)
  • 3/6/2020 - Shell Marketing the Sale... (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Acquisition

NOTES:
Shell has signed a deal with the Landmark group to acquire 248 company-owned fuel and convenience retail stores operating in Texas under the Timewise brand. The deal also includes supply agreements across 117 independent stores. Closing is targeted by year-end 2021.

Date: 11/1/2021
Type: Acquisition

DETAILS:

COST: 616 $MM

VOLUMES: 149 MBOE/d

NOTES:
Shell is selling off its Puget Sound Refinery to HollyFrontier Corp. for $350 million in cash plus the value of the hydrocarbon inventory on site (estimated between $150-$180 million.)
REGIONS:
  • Pacific Northwest
  • Date: 6/26/2020
    Type: Acquisition

    DETAILS:

    VOLUMES: 300000 Bbls

    NOTES:
    The Terminal is primarily comprised of 300,000 barrels of crude oil tankage for storage or blending services, three docks for barge unloading and loading, and a truck receiving station. The Gibson Terminal handles sweet and sour barrels via the Ship Shoal Pipeline System, the Atchafalaya Pipeline, and the Magellan Pipeline. Offtake from the Terminal is substantially directed by pipeline to the St. James Terminal located between New Orleans and Baton Rouge.
    REGIONS:
  • Gulf Coast
  • Date: 12/30/2019
    Type: Acquisition

    BUYERS:
  • PBF Energy Inc.
  • DETAILS:

    COST: 950 $MM

    VOLUMES: 157 M Bbls/d

    NOTES:
    PBF Energy signed a definitive agreement to purchase the 157 Mbbls/d Martinez refinery, and related logistics assets, from Shell Oil Products for between $900 million and $1 billion.