Shell to Acquire Full Ownership of U.S. Fuel Retailer Tri Star Energy

Shell announced on Tuesday its plan to acquire full ownership of Tri Star Energy, a U.S. fuel distributor and convenience store operator, in a move to expand its American retail footprint. The British energy giant, which already holds a 33% stake in the company, did not disclose the financial terms of the deal.

Transaction Details

Shell is purchasing the remaining stake in Tri Star Energy from its partners, The Parman Corporation and Kimbro Oil Company, along with their respective units. The transaction is expected to close by the end of 2026, according to the company's statement.

The acquisition will integrate a significant regional network into Shell's U.S. operations. The deal includes:

• 320 company-owned fuel and convenience retail sites.
• Supply agreements for an additional 552 dealer-owned locations.

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Expanding U.S. Retail Footprint

The deal deepens Shell's presence in the U.S. downstream market, particularly in Tennessee and neighboring states where Tri Star operates. This acquisition adds to Shell's existing network of approximately 12,000 wholesaler- and dealer-owned sites across 49 states.

For investors, this move signals a strategic focus on growing company-controlled retail operations, which can provide more stable revenue streams and direct consumer engagement compared to wholesale fuel distribution alone. By taking full ownership, Shell gains complete control over a sizable and established regional retail business.