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HOUSTON, March 10, 2026 /PRNewswire/ -- Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell's United States ("U.S.") lubricants business, has entered an agreement to sell Jiffy Lube International (JLI) and its subsidiary Premium Velocity Auto (PVA) LLC business to an affiliate of Monomoy Capital Partners (Monomoy) for $1.3 billion. As part of this transaction, Pennzoil Quaker State Company has entered into a long-term lubricants supply agreement with Monomoy. The sale includes the Jiffy Lube brand and a network of franchised stores which are owned and operated by independent franchisees, in addition to franchised stores that are owned and operated by PVA. Shell will retain its Pennzoil Quaker State, Rotella and other Shell lubricants brands, along with marketing, manufacturing and distribution of lubricants in the U.S. and Canada that serve consumer, commercial and industrial sectors. "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," said Machteld de Haan, President, Downstream, Renewables and Energy Solutions, Shell plc. The transaction is expected to close in the second half of 2026, subject to regulatory approval and closing conditions. Notes to editors Jiffy Lube has been a part of Shell Lubricants in the US for more than 20 years, consistently delivering strong performance and building a trusted brand with millions of drivers. The JLI franchised stores provide lubrication, oil change, and light repairs for cars and light trucks using the trade name "Jiffy Lube". Jiffy Lube makes up ~6.5% volume of Shell's U.S. and Canada total lubricants business. For more information about Monomoy Capital Partners, please visit their website: www.MCPFunds.com Monomoy will acquire Jiffy Lube® International (including the registered trademark), which operates more than 2,000 franchisees and company-owned and operated service centers across the U.S. and licensees in Canada. Monomoy will also acquire Premium Velocity Auto, LLC (PVA Group), the second-largest Jiffy Lube franchisee, with over 360 locations across 20 states. The term "Shell Lubricants" collectively refers to Shell Group companies engaged in the lubricants business. Shell Lubricants companies have led the global lubricants industry by volume for more than 19 consecutive years.* The U.S. is a key market and a leading destination for Shell investment, with operations and interests in all 50 states. Shell is the leading deep-water operator and largest producer of oil and gas in the U.S. Gulf of America and the largest buyer of U.S. LNG. Through our Trading & Supply network, we move U.S. energy reliably—from power and low-carbon fuels to LNG and refined products—to customers nationwide and globally. Shell operates the largest branded fuel network in the United States, with about 12,000 Shell‑branded gas stations serving more than 7 million customers daily. With more than 100 years in the U.S. and over 11,000 employees, Shell is delivering secure energy supplies and meeting the evolving needs of our customers today and into the future. *Source: Kline & Company 2024, 23rd Edition, Global Lubricants: Market Analysis & Assessment, 2024. Cautionary Note The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. Forward-Looking statements This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire", "aspiration", ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F and amendment thereto for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, March 9, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release. Shell's net carbon intensity Also, in this press release we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. Shell's net-zero emissions target Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. Forward-Looking non-GAAP measures This press release may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements. The contents of websites referred to in this press release do not form part of this press release. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, and any amendment thereto, File No 1-32575, available on the SEC website www.sec.gov.
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, March 9, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Martha Stewart talks about her new C-suite role Kristen Scholer delivers the pre-market update on March 9th The stock market is set to open the week lower as ICE Brent Crude surpasses $100 a barrel amid the ongoing conflict in the Middle East. Today on NYSE Live, ICE's Head of Mortgage and Housing Market Research Andy Walden will break down the March 2026 ICE Mortgage Monitor Report Also, on NYSE Live, Martha Stewart stopped by the Inside the ICE House podcast to share her insights on making it big amid International Women's Day. America250 will ring the Opening Bell to celebrate its partnership with NYSE and more than two centuries of business innovation from Lower Manhattan. Opening BellNYSE and America250 celebrates America's upcoming 250th Anniversary Closing BellParis Hilton and 11:11 Media proudly stand with Gloria Steinem in celebration of International Women's Day For market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com Robinhood Markets CEO at the NYSE on March 6th
WEIFANG, China, March 8, 2026 /PRNewswire/ -- Against the backdrop of global efforts to combat climate change and accelerate the energy transition, equipment manufacturing giant Weichai is contributing green and low-carbon solutions to the shipping and public transport sectors with its diversified clean energy power systems. In Singapore, a global maritime hub, Weichai is actively exploring the application of alternative fuels such as biofuels in the shipping industry. The transport vessel 'President 100,' powered by 100% biofuel (B100) with a core power system supplied by Weichai, has been officially launched. The vessel is equipped with two Weichai marine main engines and two generator sets, which significantly reduce emissions through optimized combustion efficiency, improving the ship's environmental performance and providing a replicable green pathway for the global shipping industry to achieve net-zero emissions. In Central Asia, Uzbekistan is comprehensively promoting a green and low-carbon transition, making the development of clean energy public transport a key priority for national infrastructure upgrades. Weichai has precisely met Uzbekistan's green transport needs, with green buses equipped with WP7NG natural gas engines officially delivered to the Bukhara region, continuously injecting clean momentum into the local public transport system. With its high efficiency and low emissions, the engine meets local green travel demands and has gained widespread recognition from the local government and public. As an international enterprise, Weichai practices the 'We are One' philosophy, continuously empowering the low-carbon transformation of overseas sectors such as transport and shipping with its leading technologies, and contributing its wisdom and strength to global sustainable development.
BERLIN, March 7, 2026 /PRNewswire/ -- Fox ESS, a leading provider of renewable energy solutions, has announced a significant milestone in energy storage efficiency. The company has achieved a record System Performance Index (SPI) of 97%, securing the top position and earning an Efficiency Class A ranking in the storage category by HTW Berlin and AQUU Research. HTW Berlin, a leading German university of applied sciences, is internationally recognized for its rigorous research in energy storage technologies. Its annual 'Energy Storage Inspection' reports are regarded as some of Europe's most credible evaluations, thoroughly assessing energy storage systems under practical conditions. "This SPI of 97% is more than just a number; it embodies our steadfast commitment to innovation and excellence in energy storage solutions. We are dedicated to advancing the Energiewende initiative, ensuring that everyone can benefit from reliable and sustainable solar energy." said Christoph Schön, the General Manager of DACH region at Fox ESS. Record Performance The latest report reviewed 12 systems, of which 8 were evaluated using the SPI (10 kW) metric. Fox ESS's system, featuring the PQ-H3-Ultra-10.0 inverter and the EQ3300-5 battery, achieved a groundbreaking SPI of 97%. This high efficiency reflects Fox ESS's optimized design, which minimizes energy conversion losses and enhances overall system reliability for residential users. Ongoing Success Last year, Fox ESS's H3 Hybrid Inverter and ECS system achieved an A-Class rating with a performance index of 94.8% in the 10 kW residential storage system test. Additionally, earlier this year, the S&P Global Energy Residential Storage Index ranked Fox ESS as the No. 1 market share leader in Europe. In 2023, the company was also listed on Forbes's Unicorn List, further solidifying its prominent position in the industry. In the past three years, Fox ESS has installed over 890,000 PV inverters and more than 1 million batteries across over 70 countries. Looking ahead, the company remains committed to technological innovation, striving to deliver high-performance products tailored to customer needs. About Fox ESS Founded in 2019 and headquartered in Wenzhou, China, Fox ESS is a national high-tech enterprise specializing in the R&D, production, sales, and service of renewable energy power equipment, with a strong focus on advanced power electronics. Committed to global growth, Fox ESS has established a presence in over 70 countries and regions, forging more than 200 partnerships that drive innovation across Asia, Europe, the Americas, Africa, and Oceania. Guided by a customer-first philosophy, we deliver high-efficiency renewable energy solutions worldwide through innovation and exceptional value.
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, March 6, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Women in Leadership CEO joins NYSE Live for IWD Ashley Mastronardi delivers the pre-market update on March 6th Markets remain choppy on Friday as traders assess real-time headlines related to the conflict in Iran and the impact on energy supply. Today on NYSE Live, hear from two-time Olympic gold medalist Alysa Liu on what's next after Milan and her message for International Women's Day. Women in Leadership Global CEO Georgie Dickens will join NYSE Live to talk about the power and purpose of International Women's Day on Sunday, March 8th. Robinhood CFO Shiv Verma is set to speak to the launch of Robinhood Ventures Fund I, a closed-end fund that provides investors with exposure to private companies. Opening BellRobinhood Ventures Fund I (NYSE: RVI) celebrates their IPO Closing BellThe Next Seat celebrates its first inaugural Summit in NYC on March 6th Hear from two-time Olympic gold medalist Alysa Liu: tv.nyse.com/floor-talk/season:4/videos/u-s-figure-skating-gold-medalist-alysa-liu-shares-her-journey-to-olympic-glory-2 Medal of Honor Foundation visits the NYSE Video - https://mma.prnasia.com/media2/2928074/NYSE_Market_Update_March_6.mp4Photo - https://mma.prnasia.com/media2/2928073/NYSE_Medal_of_Honor_Foundation.jpg?p=medium600Logo - https://mma.prnasia.com/media2/2581322/New_York_Stock_Exchange_Logo.jpg?p=medium600
LISHUI, China, March 6, 2026 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY) ("CNEY" and the "Company"), today announced that, on March 5, 2026, it received a notification from the Office of the General Counsel of The Nasdaq Stock Market LLC stating that the Nasdaq Hearings Panel had determined that the Company had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Notwithstanding the Hearings Panel's determination, the Company will remain subject to a discretionary monitoring period of one year. If, during that one-year monitoring period, Nasdaq Staff determines that the Company fails to comply with any continued listing requirement, the Company will be subject to a delisting determination without an opportunity to submit a compliance plan to Nasdaq Staff or to benefit from any otherwise applicable cure or compliance period. However, the Company would have the right to request a new hearing before the Hearings Panel. The Company's Class A ordinary shares will continue to trade in The Nasdaq Capital Market under the ticker "CNEY." About CN Energy Group. Inc. With patented proprietary bioengineering and physiochemical technologies, the Company has pioneered and specialized in producing high-quality recyclable activated carbon from raw carbon materials, converting harmful wastes into a valuable product and delivering significant financial, economic, environmental, and ecological benefits. The Company's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. CNEY also develops and provides customizable robotics products, automation tools, and related software solutions for small and medium-sized industrial, logistics, and service businesses in North America. For more information, please visit the Company's website at www.cneny.com. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can generally be identified by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "will," "would," and similar expressions. Forward-looking statements are based on current beliefs, expectations, and assumptions and are not guarantees of future performance. These statements are subject to risks and uncertainties, including those described under "Risk Factors" in the Company's filings with the Securities and Exchange Commission, and actual results may differ materially. Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them, except as required by law. Information on the Company's website or social media is not incorporated by reference into this press release.
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