Shell Focused on Energy

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Shell Focused on Energy

04/12/2002
HOUSTON -- Royal Dutch/Shell Group said it has "begun winding down the U.S. operations" of its Shell Capital finance group, which is a primary lender the convenience store and petroleum industry, in an effort to focus exclusively on its core energy business.

Shell Capital, which had four offices -- two in the United States and two in the UK -- will shutter the U.S. offices and merge the UK business, along with an online venture, Shell Internet Works, into a new Shell Consumer Group.

"The aim is to re-focus resources and management attention on those activities that have demonstrated the best prospects of delivering sustained value growth," the company said.