Shell to Exit Mexico Retail Fuel Market Amid Regulatory Shift

Shell Mobility, a division of British multinational oil and gas company Shell plc (SHEL) , has announced its exit from the fuel retail market of Mexico, transferring operations to Iconn, the country’s conglomerate that owns 7-Eleven and Petro Seven. This strategic divestment includes more than 200 fuel service stations, convenience stores and fuel import infrastructure, positioning Iconn as a dominant force in Mexico’s energy and convenience retail space. The acquisition, which remains pending regulatory ap ...