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Royal Dutch Shell

Royal Dutch Shell

Tagline

You Can Be Sure of Shell

Net Worth

$180,500,000,000

Started in (City)

The Hague

Started in (Country)

Netherlands

Incorporation Date

01st December, 1907

Bankruptcy Date

-

Founders

  • Henri Deterding
  • Jean Baptiste August Kessler
  • Marcus Samuel, 1st Viscount Bearsted

About

Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in England. It is one of the oil and gas "supermajors" and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe). In the 2019 Forbes Global 2000, Shell was ranked as the ninth-largest company in the world (and the largest outside China and the United States), and the largest energy company. Shell was first in the 2013 Fortune Global 500 list of the world’s largest companies; in that year its revenues were equivalent to 84% of the Dutch national $556 billion GDP. Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy activities, including biofuels, wind, energy-kite systems, and hydrogen.

Beginning

Shell was formed in 1907 through the amalgamation of the Royal Dutch Petroleum Company of the Netherlands and the "Shell" Transport and Trading Company of the United Kingdom. Until its unification in 2005, the firm operated as a dual-listed company, whereby the British and Dutch companies maintained their legal existence but operated as a single-unit partnership for business purposes. Shell first entered the chemicals industry in 1929. Shell was one of the "Seven Sisters" which dominated the global petroleum industry from the mid-1940s to the mid-1970s. In 1970, Shell acquired the mining company Billiton, which it subsequently sold in 1994 and now forms part of BHP. In recent decades, gas exploration and production has become an increasingly important part of Shell’s business. Shell acquired BG Group in 2016, making it the world’s largest producer of liquefied natural gas (LNG).

Road to Success

Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. Royal Dutch Shell was formed in 1907, although its history can be traced back to the first half of the 19th century. The headquarters are in The Hague, the Netherlands, and the Chief Executive Officer is Ben van Beurden. The parent company of the Shell group is Royal Dutch Shell plc, which is incorporated in England and Wales. Shell’s purpose is to power progress together with more and cleaner energy solutions. Shell has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalization of £216 billion at the close of trading on 27 June 2019, by far the largest of any company listed on the London Stock Exchange and among the highest of any company in the world. It has secondary listings on Euronext Amsterdam and the New York Stock Exchange. As of January 2013, Shell’s largest shareholder was Capital Research Global Investors with 9.85% ahead of BlackRock in second with 6.89%. According to the CDP Carbon Majors Report 2017, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988-2015. They continuously assess the external environment – the markets as well as the underlying economic, political, social and environmental drivers that shape them – to evaluate changes in competitive forces and business models. Their operations are divided into four businesses: Upstream, Integrated Gas and New Energies, Downstream. The Projects & Technology organization manages the delivery of Shel\’s major projects and drives research and innovation. Shell has operations in over 70 countries, produces around 3.7 million barrels of oil equivalent per day and has 44,000 service stations worldwide. As of 31 December 2014, Shell had total proved reserves of 13.7 billion barrels (2.18×109 m3) of oil equivalent. Shell Oil Company, its principal subsidiary in the United States, is one of its largest businesses. Shell holds 50% of Raízen, a joint venture with Cosan, which is the third-largest Brazil-based energy company by revenues and a major producer of ethanol.

Challenges

The rising standard of living of a growing global population is likely to continue to drive demand for energy, including oil and gas, for years to come. At the same time, technology changes and the need to tackle climate change means there is a transition under way to a lower-carbon, multi-source energy system with increasing customer choice.

Achievements

  • In the 2020 Forbes Global 2000, Royal Dutch Shell was ranked as the 21st-largest public company in the world.
  • Shell was first in the 2013 Fortune Global 500 list of the world
  • In 2013, Shell

Subsidies

  • Neptune Oil Company
  • UK Oil Pipeline Network
  • Quaker State

CEOs

  • Ben van Beurden