Major retailer confirms 1,000 outlets to close as it leaves traditional custom behind [Video]

A MAJOR multi-national oil and gas company has confirmed it will be giving up 1,000 retail locations over the next two years.

Shell has announced it will be divesting from hundreds of locations by the end of 2025 as the company is switching its focus to growing its public network of electric vehicle charging stations.

Shell has announced it will be divested 1,000 locationsCredit: Alamy

Around 500 Shell-operated sites are set to be closed in 2024 and 2025Credit: Getty

The oil and gas company is renewing focus on electric vehicles and its public charging networkCredit: Getty

In its 2024 Energy Transition Strategy, the company confirmed that Shell plans to divest 500 Shell-owned sites – including some joint ventures – in 2024 and 2025.

The company said the move is “in response to changing customer needs” as they are looking to expand EV charging and convenience offers.

It was not immediately clear which sites will be directly impacted by the divestment …