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Shell, BP Considering $6b Assets Sale; Mobil Brand Returning

Oil giants BP and Royal Dutch Shell are both considering a mass sell-off of their Australian assets, including over 1000 service stations. BP is believed to be considering a sale of some 225 service stations, along with refineries located in


Oil giants BP and Royal Dutch Shell are both considering a mass sell-off of their Australian assets, including over 1000 service stations.

BP is believed to be considering a sale of some 225 service stations, along with refineries located in Queensland and Western Australia, affecting a further 1400 sites currently supplied by the oil giant.

Shell has had its Geelong refinery on the market since April, and is understood to be in early discussions with several investors on the future of its 900 service stations.

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