12:33 PM EDT, 05/02/2024 (MT Newswires) -- Shell (SHEL) exited its power value chain in China, including generation, trading and marketing businesses, at the end of 2023, a company spokesperson said in an emailed statement to MT Newswires on Wednesday evening.

"We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices," Shell's spokesperson said in the email.

Shares of the company rose 1.6% in recent Thursday trading.

Price: 72.06, Change: +1.11, Percent Change: +1.56