We mined Shell’s acquisitions, investments, and partnerships to discern the company’s strategic priorities.
Shell is one of the largest oil and gas companies globally, with $261B in revenue across its three energy business segments in 2021.
But the sector is changing. Major players like BP, TotalEnergies, and Orsted are beginning to shift to cleaner and more digitized energy businesses to effectively and profitably decarbonize their operations.
Last year, Shell followed suit by launching a new business strategy focused on transitioning to more sustainable sources. The plan includes power-as-a-service (e.g., energy trading), renewable energy, and other low-carbon fuels and services.
The company is also investing, partnering, and acquiring across the energy supply chain — from producing biofuels to selling electricity to households — to maintain its position as an energy powerhouse.
Using CB Insights data, we uncovered the six most important strategic priorities highlighted by Shell’s recent acquisitions, investments, and partnerships since the beginning of 2019. We then categorized companies by their business relationships with Shell across these priorities:
- Grid & utility tech
- Energy storage & battery tech
- Electric vehicle tech
- Renewable energy
- Carbon capture, utilization, and storage (CCUS)
- Chemical recycling
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