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Shell Sells 900 Australian Petrol Stations

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Screen Shot 2013-12-22 at 19.09.52By Athena Yenko | February 3, 2014 2:57 PM EST

As a result of the massive decline in its annual profit announced Thursday, Shell today confirmed that it is putting its 900 Australian petrol stations for sale to recover from the 39 per cent slump of its profit. Shell also announced its plan to sell its 32 Australian fuel terminals, including the Geelong refinery which had been in the market since the early quarter of 2013. Company Chief Executive Ben Van Beurden says he will not reveal the details.

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