Oil majors are reshaping their retail fuel portfolios – which markets are at risk of consolidation?

BP, Shell and TotalEnergies have all published plans to high-grade their global service station networks over the past couple of months. Euro Majors are leaving different markets due to the pressure to boost shareholder value, challenging economic conditions and increasing competition on the retail fuels space. In our report, we rank each oil Majors’ remaining service station networks and identify potential candidates for future network divestments. We also analyse how this development fits into the changing retail fuels landscape globally.