Who Shell buys from and sells to
UK integrated major and the world's biggest LNG trader, with deepwater oil and global fuel retail.
Buys from 5
Sells to 3
- Asian and European gas utilitiesLNG cargoes under long-term contracts
- Shell station customersfuel and convenience at ~40,000+ stations
- Airlines and shipping linesjet fuel and marine fuels
Where the chain could break
- Equity stake in Qatar's Ras Laffan, hit by Iranian missiles in 2026; Hormuz LNG flows disrupted
- LNG trading earnings swing with Asian and European gas spreads
Competes with
- BPBPEuropean integrated major
- TotalEnergiesTTELNG and integrated oil
- ExxonMobilXOMLNG and upstream
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.