Shell retains leadership of global lubricants market

摘要

Shell remains the leadingglobal supplier of finished lubricants for 13th consecutive years, according to Kline & Company's 17th Edition Global Lubricants Industry: Market Analysis and Assessment: 2019 report. Using 2018 as the base year, the report covers all leading lubricant consuming country markets, market segments, product types, and formulations. "Shell's growth strategy for lubricants is working. Outbalanced portfolio of market leading products and growing digital services are enabling us to build business across all market segments and demonstrate the resiliency of our business in an increasingly dynamic global lubricants market," said Huibert Vigeveno, Executive Vice President, Shell Global Commercial. "The Kline report shows that we are widening our lead over our main competitors and I am particularly pleased with the growing demand for our premium lubricants and our growth in the industrials segment. We have been focusing on what our customers need and adapting our offer accordingly, which is resulting in material earnings growth and contributing resilient free cash flow to the Shell Group."