Insight
Shell´s downstream portfolio shrinks further: the Puget Sound sale to HollyFrontier
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Report summary
On 4 May Shell announced the sale of the Puget Sound refinery to HollyFrontier. The transaction opens the door for Holly Frontier operations to the Pacific Coast while allowing Shell to gradually concentrate its portfolio in integrated refining and chemical sites. This is the second refinery sale Shell has announced in 2021. This insight explores how this transaction supports HollyFrontier's expansion to the Pacific Northwest and provides a preliminary assessment of Puget Sound margins through 2027.
Table of contents
- A resilient, profitable refinery
- Shell´s shrinking portfolio
- How does this fit in HollyFrontier´s portfolio
- Risks ahead
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What's included
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