by Elena Walden
Shell PLC said on Thursday it was starting a strategic review of its home energy retail business in the UK, the Netherlands and Germany, but stressed that no decisions had been taken.
The London-based energy giant said the review could take several months, adding that wholesale and B2B energy supply businesses were not part of the review.
It did not say whether the decision would affect any jobs, but confirmed Shell Energy Retail Ltd. Currently has about 2,000 employees.
Shell said the review was part of its “power forward” strategy, which includes exploring options to address performance issues in difficult market conditions and maximize the value of its portfolio.
The company said its top priority remains ensuring continued access to energy for customers in these countries and supporting those struggling with energy costs and wider cost of living pressures.
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