London-based Shell Plc’s global lubricant sales topped 4.5 billion liters (4 million metric tons) in 2021, ranking number one globally, with an 11.6% market share, the company said in a marketing update released Oct. 6, citing data from consultancy Kline & Co.
Adjusted earnings for Shell’s lubricants business slipped to around $1 billion in 2021, compared to more than $1.2 billion in 2020, according to the marketing update. However, the company said it advancing towards 2025 growth commitments, aiming to reach around the $1.8 billion adjusted earnings mark by then. This would then result in a 10% compound annual growth rate from about $600 million adjusted net earnings in 2013 for the company’s lubricants business.
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