Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal

Shell plc (NYSE:SHEL) is included among the 12 Best Large Cap Energy Stocks to Buy Now.

Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal

Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen.

Shell plc (NYSE:SHEL) announced on March 9 that it had agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto (PVA) to an affiliate of Monomoy ‌Capital Partners for $1.3 billion. The strategic move comes as the company continues to divest non-core assets while seeking to focus ⁠on higher-return businesses. The transaction is expected to close in the second half of 2026.

Jiffy Lube operates over 2,000 service centers across the US, as well as additional licensees in Canada, while PVA boasts over 360 locations across 20 states. Shell plc (NYSE:SHEL) will also enter into a long-term lubricants supply arrangement with Monomoy as part of the deal, ensuring that Jiffy Lube locations continue to use Shell products after the sale.

Machteld de Haan, President, Downstream, Renewables, and Energy Solutions at Shell plc (NYSE:SHEL), commented:

“By capitalizing on a strong market opportunity, this divestment allows us to monetize an asset that is not central to Shell’s lubricant’s portfolio in the US and reinvest in opportunities that generate higher returns.”

Shell plc (NYSE:SHEL) was recently included in our list of the 12 Best Undervalued Stocks to Invest in Right Now.

While we acknowledge the risk and potential of SHEL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SHEL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 13 Undervalued Dividend Aristocrats to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.