- Royal Dutch Shell (RDS.A, RDS.B) and BP reportedly are considering the sale of refineries and gasoline stations in Australia to free up cash.
- Shell is in preliminary talks with two parties about a A$3B ($2.69B) sale of 900 gas stations and its refinery in Geelong, according to the Australian Financial Review; BP is said to be examining a A$3B sale of its gas stations and refineries in Queensland and Western Australia.
- The report also speculates that Chevron (CVX) may follow BP and Shell and sell out of its Australian service stations.
Report: BP, Shell look to sell Australia refineries, gas stations
Jan 6 2014, 16:47 ET