Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleShell is reviewing select Shell Ventures portfolio holdings but plans to keep most stakes, sources say. The fund targets early-stage startups in power, emissions management and mobility.
By Stephanie Kelly
LONDON, Feb 26 (Reuters) - Shell has put under review with the option to sell investments it holds in some of the companies under its Shell Ventures portfolio, two sources familiar with the matter said.
The British oil major will retain a majority of its Ventures investments, one of the sources said. The corporate venturing fund has interests in start-ups and other early-stage businesses focused on sectors including power, emissions management and mobility.
Under CEO Wael Sawan, Shell is aiming to shrink the company's low-carbon projects to focus on liquefied natural gas trading and upstream.
Shell Ventures, established in 1996, has initial investments typically ranging from $2 million to $5 million, and total potential commitments reaching from $10 million to $25 million over a company's lifecycle, Shell's website said.
Shell Ventures has interests in more than 100 companies, the website shows.
For a minority of the portfolio, Shell will look to identify investors who may be better positioned to support and scale those companies, one of the sources said. Shell regularly reviews the companies within its portfolio, the source said.
Shell reported earlier this month that it missed fourth-quarter profit expectations with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme.
(Reporting by Stephanie Kelly; Editing by Ros Russell, Louise Heavens and Hugh Lawson)
Shell is reviewing some investments held through its Shell Ventures portfolio, while planning to retain most of those stakes, according to sources.
Shell Ventures invests in early-stage companies across power, emissions management and mobility.
No. The report did not name specific portfolio companies or detail the scope and timeline of the review.
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