<p>London: Shell has exited <a href="https://www.deccanherald.com/tags/china">China</a>'s power markets as part of CEO Wael Sawan's drive to focus on more profitable operations, it said on Wednesday.</p>.<p>Shell decided to exit the power value chain in China, which includes power generation, trading and marketing businesses, it said in a statement. The decision was effective from the end of 2023.</p>.Shell earns $1 billion a year from US crude trading, court filing shows.<p>"We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices", Shell said.</p>.<p>Shell has pulled up of several businesses and projects in recent months including the <a href="https://www.deccanherald.com/tags/uk">UK</a> and German retail power markets and offshore wind projects.</p>
<p>London: Shell has exited <a href="https://www.deccanherald.com/tags/china">China</a>'s power markets as part of CEO Wael Sawan's drive to focus on more profitable operations, it said on Wednesday.</p>.<p>Shell decided to exit the power value chain in China, which includes power generation, trading and marketing businesses, it said in a statement. The decision was effective from the end of 2023.</p>.Shell earns $1 billion a year from US crude trading, court filing shows.<p>"We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices", Shell said.</p>.<p>Shell has pulled up of several businesses and projects in recent months including the <a href="https://www.deccanherald.com/tags/uk">UK</a> and German retail power markets and offshore wind projects.</p>