Shell has agreed to sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion, transferring ownership of the Jiffy Lube brand and its network of franchised and company-operated service centers. The transaction is designed to streamline Shell’s asset portfolio, reinforce financial flexibility and sharpen focus on higher-return oil and gas operations by offloading non-core service assets. Shell will maintain its Pennzoil, Quaker State, Rotella and other lubricant brands, along with all marketing, manufacturing and distribution operations across the U.S. and Canada for consumer, commercial and industrial markets.