Shell

While 2023 was a dormant year for Shell Retail and Convenience Operations LLC, the wholly owned subsidiary of Shell Oil Products US, Houston, acquired 248 fuel and Timewise convenience stores from the Landmark group of companies in 2021. The agreement also included supply agreements with an additional 117 independently operated fuel and c-stores from Landmark, which is also based in Houston. When Shell completed the acquisition in 2022, it did not include 64 Timewise locations.

Shell had largely exited retailing in the United States in the early 2000s, opting instead to pursue upstream profits rather than downstream retail opportunities. This acquisition marked Shell's first major acquisition in recent years and Shell indicated that the Landmark acquisition would serve as the foundation that will allow the company to grow its company-operated network in the United States.

For benchmarking purposes, store counts are as of Jan. 1, 2024.