Paz operates combined cafes and stores in many gas stations, through its subsidiary Yellow.

In 1957, Shell decided to withdraw from Israel due to economic pressure from Arab countries.

Since 1999, the Israeli businessman Zadik Bino has owned the majority of the shares, with the Liberman family and other groups holding minority interests.

[3] On 5 July 2021, Norway's largest pension fund KLP said it would divest from Paz Oil as it helped to power Israeli settlements in the West Bank.

[4] In March 2021, Paz acquired the Super Yuda supermarket chain for 170 million NIS.