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Shell to Sell $1 Billion South Africa Stake Amid Cuts

3/18/2026

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Summary

Story summary

Shell plc plans to divest its majority stake in Shell Downstream South Africa (SDSA) to reduce downstream operations and focus on upstream activities.
The plan was disclosed in May 2024, and the sale process remains ongoing.
Shell's South African assets are valued at about $1 billion, and bidders include Abu Dhabi National Oil Company (ADNOC) and Gunvor, while Shell is cutting its oil and gas exploration workforce by 20%.

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Story summary

Shell plc plans to divest its majority stake in Shell Downstream South Africa (SDSA) to reduce downstream operations and focus on upstream activities.
The plan was disclosed in May 2024, and the sale process remains ongoing.
Shell's South African assets are valued at about $1 billion, and bidders include Abu Dhabi National Oil Company (ADNOC) and Gunvor, while Shell is cutting its oil and gas exploration workforce by 20%.