Par Pacific Announces Laramie Energy Signs Cash Deal To Divest All Of Its Oil, Gas Assets To Third Party For $485M

Shell's Tri Star Deal Deepens Its U.S. Fuel Retail Strategy

Shell plc announced it will acquire the remaining 67% stake in Tri Star Energy, gaining full ownership of 320 fuel and convenience retail sites across the Southeastern United States. The deal, expected to close by end of 2026, aligns with Shell's strategy to focus capital on high-return businesses and will nearly double its company-owned retail footprint in the region to approximately 550 sites.

8-K filing — PAR PACIFIC HOLDINGS, INC. (PARR)

Filed: 2026-08-25 AccNo: 0001437749-26-028947 Size: 202 KB Item 7.01: Regulation FD Disclosure Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

Shares of oil and gas refining and marketing companies are trading higher as oil prices continue gains amid the U.S.-Iran impasse over the Straight of Hormuz and a Ukrainian drone strike on one of Russia's largest oil refineries, Lukoil Perm. Investor attention has also turned to soaring refining margins for gasoline and diesel, which help buttress optimism for the sector ahead of late summer and Labor Day demand.