How many acquisitions has Shell made so far?

Shell has completed 38 acquisitions so far, with an average acquisition amount of $8.7B.

Which countries does Shell usually acquire in?

Shell has made acquisitions in 14 countries with the most activity in United States and United Kingdom.

Which is Shell's latest acquisition?

Shell's most recent acquisition is Tri Star Energy, a Provider of fuel distributor offering fuel and stations services, acquired in September 2026.

In which year did Shell make the most acquisitions?

Shell was most active in 2022, with 10 acquisitions completed in that year.

List of 38 Acquisitions by Shell (Sep 2026)

Shell has made a total of 38 acquisitions. These investments span 21 sectors, including Energy Storage Tech, Oil & Gas Upstream, and Oil & Gas Downstream, across 14 countries, primarily in United States, United Kingdom, and India. Peak years were 2022 with 10 acquisitions, 2021 with 8, and 2019 with 6. The average number of acquisitions per year from 2020 to 2025 is 4.4, with 2 completed so far this year. Its most recent acquisition is Tri Star Energy, a Nashville-based fuel distributor and station provider founded in 2000 and acquired in September 2026.

Here's the year on year acquisition history of Shell:

Number of Total Acquisitions

Year	# Acquisitions
2026	2
2025	1
2024	1
2023	2
2022	10
2021	8
2020	1
2019	6
2018	1
2017	2
2015	1
2010	2
2008	1

View all Acquisitions by Shell

Recent acquisitions by Shell

Shell's most recent acquisition - Tri Star Energy is a Provider of fuel distributor offering fuel and stations services, founded in 2000 and located in Nashville. Shell acquired a 100% stake in it in September 2026 for a price of $*****.

Here is the list of all acquisitions by Shell sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Sep 01, 2026	Tri Star Energy	fdtz	ta{j	74	194
Apr 27, 2026	ARC Resources	{hpy	dkbp	38	413
Jul 01, 2025	Raj Petro Specialities	xqzl	vchx	27	173
Jun 18, 2024	Pavilion Energy	rjea	mzxp	66	753
Oct 10, 2023	MIDEL	jxhp	f{qo	80	872