"We continue to develop new projects (of the Sprng Energy group) while exploring partnering opportunities with investors who want to deploy capital on de-risked operational assets, with Shell retaining a stake in such assets," Shell said in a statement to Reuters.

"This focus on capital discipline will enable Shell to further accelerate growth of our renewables portfolio," the report added.

The company reportedly opened its largest electric vehicle (EV) charging station globally in Shenzhen, China.

The station is located abutting the Shenzhen airport and has 258 charging points and solar panels.

Price Action: SHEL shares are trading lower by 0.38% to $64.68 on the last check Thursday.