Shell’s SA exit ‘no surprise’ as firms want a return on investment, experts say

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News that Shell plans to divest from its SA fuels business may be a shock to consumers, but it comes as little surprise to experts who say the industry is in flux globally, and also faces a tough local environment.

Shell, a global oil and gas major, confirmed reports that it was planning to exit its SA downstream business on Monday after more than 120 years of operation in the country.

Independent consultant, Niall Kramer, told News24 the reality is that the global multinationals will all have global strategies that span multiple years.