Retail Accounting

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Oil Companies Shift Focus

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Oil Companies

CBRE have highlighted that major oil companies are shifting their focus from retail operations to exploration and production which is more profitable. Companies like Shell, Total, Chevron and ExxonMobil only owned 32% of petrol stations in Europe in 2012 compared to 43% in 2007.  As the oil companies sell off sites independent retailers are snapping them up meaning that their share of the market has increased from 16% to 20%.

You can read the full article here: http://www.petrolplaza.com/news/industry/MiZlbiYxNTkzMiYmMSYzMCYx

Author: retailaccounting

CounterBooks is an online retail accounting management suite which is used by retailers across the world.

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