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74-526: In July 1981 the Peruvian government signed an oil contract for blocks 38 and 42 with Royal Dutch Shell . The contract covered approximately 20,000 square kilometres (7,700 sq mi) in the southern part of the Ucayali Basin. The Camisea gas fields were discovered in 1986 by Shell. By 1987, two non-associated natural gas fields, San Martín and Cashiriari, were approved economically feasible. In March 1988,

148-556: A Ferranti Mark 1* , was assembled and used at the Shell laboratory in Amsterdam. In 1970, Shell acquired the mining company Billiton , which it subsequently sold in 1994. In 1989, Shell redesigned a $ 3-billion natural gas platform in the North Sea , raising its height one to two meters, to accommodate an anticipated sea level rise due to global warming . In the 1990s, protesters criticised

222-572: A US$ 20 billion gas project that was to be constructed in the US state of Louisiana . A new CEO Ben van Beurden was appointed in January 2014, prior to the announcement that the corporation's overall performance in 2013 was 38 percent lower than in 2012—the value of Shell's shares fell by 3 percent as a result. Following the sale of the majority of its Australian assets in February 2014, the corporation plans to sell

296-604: A bribery scheme to win the tender for the construction work of Sections 1 and 2 on the Line 1 of the Lima Metro. Jorge Barata stated that Graña y Montero paid 3 million dollars as a bribe for the award of the work; the company's management declared that it had no knowledge to corroborate or deny that information. That day GyM's shares fell by 7.4% of their value on the Lima Stock Exchange. The mayor of Lima, Jorge Muñoz, declared that

370-581: A full-scale merger or takeover of either of the two companies. The Dutch company, Koninklijke Nederlandsche Petroleum Maatschappij at The Hague , was in charge of production and manufacture. The British Anglo-Saxon Petroleum Company was based in London, to direct the transport and storage of the products. In 1912, Royal Dutch Shell purchased the Rothschilds ' Russian oil assets in a stock deal. The Group's production portfolio then consisted of 53 percent from

444-414: A fund that would go towards humanitarian aid to Ukraine. On 8 March, Shell announced that it would stop buying Russian oil and gas and close its service stations in the country. In 2022, the major oil and gas companies, including Shell, reported sharp rises in interim revenues and profits. In fact, this rise in profit for Shell was so sharp, that 2022 was the company's best year, as Shell recorded double

518-679: A further US$ 15 billion worth of assets in the period leading up to 2015, with deals announced in Australia, Brazil and Italy. Shell announced on 8 April 2015 it had agreed to buy BG Group for £47 billion (US$ 70 billion), subject to shareholder and regulatory approval. The acquisition was completed in February 2016, resulting in Shell surpassing Chevron Corporation and becoming the world's second largest non-state oil company. On 7 June 2016, Shell announced that it would build an ethane cracker plant near Pittsburgh , Pennsylvania , after spending several years doing an environmental cleanup of

592-847: A host of other product/market sectors such as LPG and bitumen . The practice in Shell was that these businesses were essentially local and that they were best managed by local "operating companies" – often with middle and senior management reinforced by expatriates . Shell has a long history of motorsport sponsorship, most notably Scuderia Ferrari (1951–1964, 1966–1973 and 1996-present), BRM (1962–1966 and 1968–1972), Scuderia Toro Rosso (2007–2013 and 2016), McLaren (1967–1968 and 1984–1994), Lotus (1968–1971), Ducati Corse (since 1999), Team Penske (2011–present), Hyundai Motorsport (since 2005), AF Corse , Risi Competizione , BMW Motorsport (2015–present with also Pennzoil ) and Dick Johnson Racing ( 1987 - 2004 and 2017 –present). Grana y Montero Graña y Montero ( BVL : GRAMONC1 )

666-459: A loss of $ 21.7 billion in 2020 due to the COVID-19 pandemic, despite reducing its operating expenses by 12%, or $ 4.5 billion, according to a Morningstar analysis cited by Barron's . In November 2021, Shell announced that it is planning to relocate their headquarters to London, abandon its dual share structure, and change its name from Royal Dutch Shell plc to Shell plc. The company's name change

740-788: A new stage. Graña & Montero has a constantly growing participation in major projects in the country. In 2013 the company was listed on the New York Stock Exchange . Graña y Montero has built many large projects such as Larcomar , the Lima Sheraton Hotel , the Jorge Chávez International Airport , El Alto International Airport , the first Sears Roebuck store in Lima, the Four Seasons Hotel in Mexico City ,

814-464: A primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange . A core component of Big Oil , Shell is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil ), and among the world's largest companies out of any industry. Measured by both its own emissions, and the emissions of all

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888-493: A self-supporting unit without subsidies from other parts of the company. Traditionally, Shell was a heavily decentralised business worldwide (especially in the downstream) with companies in over 100 countries, each of which operated with a high degree of independence. The upstream tended to be far more centralised with much of the technical and financial direction coming from the central offices in The Hague . The upstream oil sector

962-413: A single-unit partnership for business purposes. The terms of the merger gave 60 percent stock ownership of the new group to Royal Dutch, and 40 percent to Shell. Both became holding companies for Bataafsche Petroleum Maatschappij , containing the production and refining assets, and Anglo-Saxon Petroleum Company, containing the transport and storage assets. National patriotic sensibilities would not permit

1036-470: A type of snail shell ), to enter this market; by 1907 the company had a fleet. Although for several decades the company had a refinery at Shell Haven on the Thames, there is no evidence of this having provided the name. The Shell logo is one of the most familiar commercial symbols in the world. This logo is known as the " pecten " after the sea shell Pecten maximus (the giant scallop ), on which its design

1110-562: Is vertically integrated and is active in every area of the oil and gas industry, including exploration , production , refining , transport , distribution and marketing , petrochemicals , power generation , and trading . Shell has operations in over 99 countries, produces around 3.7 million barrels of oil equivalent per day and has around 44,000 service stations worldwide. As of 31 December 2019, Shell had total proved reserves of 11.1 billion barrels (1.76 × 10  m ) of oil equivalent. Shell USA , its principal subsidiary in

1184-572: Is a company based in Latin America. It originated as a real estate and construction company, now the oldest and largest in Peru . Its many business interests include the construction of buildings and infrastructure, the energy and mining industries, and sanitation and highway services. In November 2020 changed its name to AENZA . Graña y Montero was listed on the S&;P/BVL Peru General Index (formerly IGBVL),

1258-512: Is also commonly known as the "exploration and production" sector. Downstream operations, which now also includes the chemicals business, generate the majority of Shell's profits worldwide and is known for its global network of more than 40,000 petrol stations and its various oil refineries . The downstream business, which in some countries also included oil refining , generally included a retail petrol station network, lubricants manufacture and marketing, industrial fuel and lubricants sales, and

1332-476: Is based. The yellow and red colours used are thought to relate to the colours of the flag of Spain , as Shell built early service stations in California , previously a Spanish colony . The current revision of the logo was designed by Raymond Loewy in 1971. The slash was removed from the name "Royal Dutch/Shell" in 2005, concurrent with moves to merge the two legally separate companies (Royal Dutch and Shell) to

1406-522: Is linked to The "Shell" Transport and Trading Company. In 1833, the founder's father, Marcus Samuel Sr., founded an import business to sell seashells to London collectors. When collecting seashell specimens in the Caspian Sea area in 1892, the younger Samuel realised there was potential in exporting lamp oil from the region and commissioned the world's first purpose-built oil tanker , the Murex (Latin for

1480-505: The Argentinian town of Magdalena, Buenos Aires , the Shell tanker Estrella pampeana collided with a German cargo ship , emptying its contents into the lake, polluting the environment, drinkable water, plants and animals. Over a decade after the spill, a referendum held in Magdalena determined the acceptance of a US$ 9.5 million compensatory payout from Shell. Shell denied responsibility for

1554-771: The East Indies , 29 percent from the Russian Empire , and 17 percent from Romania . During the First World War , Shell was the main supplier of fuel to the British Expeditionary Force . It was also the sole supplier of aviation fuel and supplied 80 percent of the British Army's TNT . It also volunteered all of its shipping to the British Admiralty . The German invasion of Romania in 1916 saw 17% of

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1628-937: The Interoceanic Highway , linking Peru and Brasil, the Westin Hotel in Lima , the tallest building in the country, the Camisea Gas Project and many big mining projects in Peru and Chile . Graña y Montero partnered with the Odebrecht company for the execution of some projects in Peru, among which was the execution of the South Interoceanic highway sections 2 and 3. Due to Odebrecht's confession, of having made illicit payments for awarded projects in various Latin American countries,

1702-587: The New York Stock Exchange on 18 November 2005. The shares of the company were issued at a 60/40 advantage for the shareholders of Royal Dutch in line with the original ownership of the Shell Group. During the 2009 Iraqi oil services contracts tender , a consortium led by Shell (45%) and which included Petronas (30%) was awarded a production contract for the "Majnoon field" in the south of Iraq, which contains an estimated 12.6 billion barrels (2.00 × 10  m ) of oil. The "West Qurna 1 field" production contract

1776-635: The Paracas National Reservation ( Ica Region ) at the Pisco terminal. It passes through the Malvinas plant, where liquefied petroleum gas ( propane and heavier liquids) is separated from natural gas. The pipeline has capacity of 450 million cubic feet per day (13 × 10 ^  m/d). The second 714-kilometre (444 mi) natural gas pipeline runs from Malvinas along the coast to Lima and Callao for distribution to residents and industries in

1850-464: The Paradise Papers , a set of confidential electronic documents relating to offshore investment , revealed that Argentine Energy Minister Juan José Aranguren was revealed to have managed the offshore companies 'Shell Western Supply and Trading Limited' and 'Sol Antilles y Guianas Limited', both subsidiaries of Shell. One is the main bidder for the purchase of diesel oil by the government through

1924-487: The Russian invasion of Ukraine and in the midst of the growing boycott of Russian economy and related divestments , Shell bought a cargo of discounted Russian crude oil. The next day, following criticism from Ukraine's Foreign Minister Dmytro Kuleba , Shell defended the purchase as a short term necessity, but also announced that it intended to reduce such purchases, and it would put profits from any Russian oil it purchases into

1998-678: The Sultan of Muscat . In 1952, IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman , an area that geologists believed to be rich in oil. This led to the 1954 outbreak of the Jebel Akhdar War in Oman that lasted for more than 5 years. Around 1952, Shell was the first company to purchase and use a computer in the Netherlands. The computer,

2072-649: The "immediate suspension" of any plans to expand the Camisea Gas project, due to the high likelihood that by further intrusion into the Nahua-Nanti Reserve, several uncontacted and isolated tribes who live in the territory could be placed at risk of disease and death, as well as extreme scarcity brought on by disruption to game animals. The territory also serves as a buffer zone for Manu National Park , considered by UNESCO to be "the most biodiverse place on earth." Despite these concerns, an independent panel established by

2146-639: The 2005 EM 050 DS. In the preamble to the DS was explicitly stated that having the Act amended 28552 Article 4 of Law 27133 in relation to supplying the domestic market, authorizing Perupetro to renegotiate the contract for Block 88 to allow its proven reserves are exported. The development plan was carried out under the government of President Alejandro Toledo and the gas fields became operational in August 2004. The gas fields are located in Ucayali Basin. According to data verified by

2220-528: The Criminal Code. Under Article 376 of the Penal Code, abusive behavior is to violate the normative basis using the position that the subject (official) supports. This is arbitrary distorting an Act (27 133) through a Supreme Decree (050-2005 and 006-2006). As of March 2006 there had been five spills along the pipeline. The latest one occurred on 4 March 2006, resulting in three injuries. The UN has called for

2294-637: The Ex-Im Bank of the United States concluded, after five years of multi-disciplinary research, that the Camisea project has adhered to high environmental and social standards, and that its economic impact has been fundamental for Peru's economic growth. Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London , England. Shell is a public limited company with

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2368-805: The Interoceanic highway. In 2009, during the second government of Alan García , Graña y Montero formed a consortium with Odebrecht called the Electric Train Consortium to execute Sections 1 and 2 of Line 1 of the Lima Metro . The contract was signed in December 2009 between the Consortium and the Ministry of Transport and Communications (MTC) of Peru through the emergency decree No. 032-2009 issued by President Alan García Pérez. The decree allowed to increase

2442-517: The Ministry of Energy and Mines. Those rules were signed by Alejandro Toledo , Pedro Pablo Kuczynski and Jaime Quijandria. This conduct would be unconstitutional because the President would have issued a Supreme Decree (No. 050-2005 and 006-2006) in open distortion of the law (Law 27,133), thus violating Article 118 (paragraph 8) of the Constitution, rule setting corresponding to the president, exercising

2516-533: The Peruvian Prosecutor's Office opened an investigation process against the members of the Conirsa consortium (made up of Odebrecht, Graña y Montero, ICCGSA and JJC), in charge of the execution of said highway. As part of the investigations, the directors of the different consortium companies were included in the preventive detention regime and later released to continue their process in freedom, thus guaranteeing

2590-802: The Peruvian State. For this reason, in May 1999, the Commission for the Promotion of Private Investment agrees to conduct a promotional process to develop the Camisea project through a scheme involving independent modules segmented business. In 1999, it adopted the Law No. 27133 with an assured supply of the domestic market by a "permanent horizon of 20 years." In late May 1999, the Special Committee of Camisea Project (CECAM) convened two international public tender for awarding

2664-524: The United States, is one of its largest businesses. Shell holds 44% of Raízen , a publicly-listed joint venture with Cosan , which is the third-largest Brazil -based energy company. In addition to the main Shell brand, the company also owns the Jiffy Lube , Pennzoil and Quaker State brands. Shell is a constituent of the FTSE 100 Index and had a market capitalisation of US$ 199 billion on 15 September 2022,

2738-454: The appointment of Jorma Ollila , chairman and CEO of Nokia at the time, to succeed Aad Jacobs as the company's non-executive chairman on 1 June 2006. Ollila is the first Shell chairman to be neither Dutch nor British. Other non-executive directors include Maarten van den Bergh , Wim Kok , Nina Henderson, Lord Kerr , Adelbert van Roxe, and Christine Morin-Postel. Since 3 January 2014, Ben van Beurden has been CEO of Shell. His predecessor

2812-658: The budget for the work, transfer the administration from the Lima Metropolitan Municipality to the Ministry of Transport and Communications, and achieve that the investment project be exempt from the regulations of the National Public Investment System (SNIP). On April 23, 2019, the Graña y Montero company was accused of illicit payments to the state after a former Odebrecht official, Jorge Barata, testified that both his company and GyM participated in

2886-508: The capital city. LPG is exported through the Pisco terminal. This pipeline system is operated by Transportadora de Gas Peruano, a consortium of Tecgas , Pluspetrol, Hunt Oil Company, SK Corporation, Sonatrach and Grana y Montero . In April 2007, Suez Energy and Kuntur Gas Transport unveiled rival proposals for pipelines to carry Camisea gas to southern Peru. Law 27133 was amended by Supreme Decree 050-2005, 006-2006 and 031-2004, both given by

2960-626: The company's environmental record, particularly the possible pollution caused by the proposed disposal of the Brent Spar platform into the North Sea. Despite support from the UK government, Shell reversed the decision under public pressure but maintained that sinking the platform would have been environmentally better. Shell subsequently published an unequivocal commitment to sustainable development , supported by executive speeches reinforcing this commitment. Shell

3034-452: The contract for the exploitation of Camisea, concessions and transport of liquids and gas from these fields to the coast and gas distribution in Lima and Callao . In December 2000, contracts were signed for the project development with an international consortium which now includes of Pluspetrol (27.2%), Hunt Oil Company (25.2%) SK Corporation (17.6%), Repsol YPF (10%), Tecpetrol (10%), and Sonatrach (10%). The key legal advisors in

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3108-542: The contract." In June 2005 approving the Law 28 552, which amends Law 27133, disappears the phrase "permanent horizon of 20 years" and instead supply guarantees are mentioned in general terms. This made possible to allocate 100% of the Block 56 reserves for export. Since the Block 56 was not sufficient for export commitment again make the policy changes necessary to also dispose of Lot 88, for the domestic market. In December 2005 promulgating

3182-406: The core competencies on which the company was founded. Similar competencies were required for natural gas, which has become one of the most important businesses in which Shell is involved, and which contributes a significant proportion of the company's profits. While the vertically integrated business model provided significant economies of scale and barriers to entry , each business now seeks to be

3256-446: The cost of a planned $ 28bn capital spending programme. Shell invited buyers to submit indicative bids, due by 22 March, with a plan to raise $ 2–3bn from the sale. In June 2010, Shell agreed to acquire all the business of East Resources for a cash consideration of $ 4.7 billion. The transaction included East Resources' tight gas fields. Over the course of 2013, the corporation began the sale of its US shale gas assets and canceled

3330-416: The departure of the chairman Philip Watts . A lawsuit resulted in the payment of $ 450 million to non-American shareholders in 2007. As a result of the scandal, the corporate structure was simplified. Two classes of ordinary shares, A (code RDSA) and B (code RDSB), identical but for the tax treatment of dividends, were issued for the company. In November 2004, following a period of turmoil caused by

3404-584: The firm operated as a dual-listed company , whereby the British and Dutch companies maintained their legal existence and separate listings but operated as a single-unit partnership. From 2005 to 2022, the company had its headquarters in The Hague, its registered office in London and had two types of shares (A and B). In January 2022, the firm merged the A and B shares, moved its headquarters to London, and changed its legal name to Shell plc . The Royal Dutch Shell Group

3478-584: The fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell

3552-430: The group's worldwide production destroyed. In 1919, Shell took control of the Mexican Eagle Petroleum Company and in 1921 formed Shell-Mex Limited, which marketed products under the "Shell" and "Eagle" brands in the United Kingdom. During the Genoa Conference of 1922 Royal Dutch Shell was in negotiations for a monopoly over Soviet oilfields in Baku and Grosny , although the leak of a draft treaty led to breakdown of

3626-439: The international energy consulting firm Gaffney, Cline & Associates , the Camisea gas fields contain about 13.4 trillion cubic feet (380 × 10 ^  m) of natural gas and 482 million barrels (76.6 × 10 ^  m) of natural gas liquids . Two pipelines carry natural gas from the Camisea gas fields. The 540-kilometre (340 mi) Camisea pipeline traverses through the steep Andes mountains, and terminates within

3700-435: The largest of any company listed on the LSE and the 44th-largest of any company in the world. By 2021 revenues, Shell is the second-largest investor-owned oil company in the world (after ExxonMobil ), the largest company headquartered in the United Kingdom, the second-largest company headquartered in Europe (after Volkswagen ), and the 15th largest company in the world. Until its unification in 2005 as Royal Dutch Shell plc ,

3774-457: The legal name) was a British company, founded in 1897 by Marcus Samuel, 1st Viscount Bearsted , and his brother Samuel Samuel . Their father had owned an antique company in Houndsditch , London, which expanded in 1833 to import and sell seashells, after which the company "Shell" took its name. For various reasons, the new firm operated as a dual-listed company , whereby the merging companies maintained their legal existence but operated as

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3848-427: The main index of Lima Stock Exchange . The first Gramovel contract was the construction of a private residence before the population of Lima reached half a million people. When Gramovel merged with Moris y Montero to become Graña & Montero they had already made their first overseas contract. In that year, they decided to construct the city of Talara . In 1983, Graña & Montero met its first 50 years and started

3922-519: The power of regulating laws without violating or distorting. For the above irregularities are accused former officials of the crimes of extortion, collusion, unfair and abuse of authority. Under Article 384 of the Criminal Code sets out the demand-MEM-which makes the proper functional performance of public officials, is to ensure that interests of the State ", but" the conduct of former president and former minister (Clodomiro Sanchez) to allow modification of operation contracts for Block 88 that rule violated

3996-465: The preliminary agreement on exploration was signed between Petroperú and Shell. However, the talks ended in August of that year without reaching a final agreement. Shell and Petroperú signed the agreement for the assessment and development of the Camisea fields in March 1994. A consortium of Shell and Mobil started to develop the fields, but cancelled all projects in Peru in July 1998, due to political concerns. Six drilled wells and facilities went to

4070-431: The presumption of innocence and due process. On December 22, 2017, the ad hoc Attorney for the Odebrecht case requested before the Judiciary that Graña y Montero be included in the investigation against former president Alejandro Toledo , because his partner in the Odebrecht project confessed to having made improper payments for US$ 20 million in exchange for obtaining the good offer in the tender for sections 2 and 3 of

4144-409: The profits from 2021, and the highest profit in its entire history. In November 2024, Shell won a case in the Hague court of appeal against Friends of the Earth which would have required Shell to cut its carbon emissions by 45%, in line with the Paris climate accords . The key trends of Shell are (as at the financial year ending 31 December): On 4 August 2005, the board of directors announced

4218-426: The proposed plant's site. In January 2017, Shell agreed to sell £2.46bn worth of North Sea assets to oil exploration firm Chrysaor. In 2017, Shell sold its oil sands assets to Canadian Natural Resources in exchange of approximately 8.8% stake in that company. In May 2017, it was reported that Shell plans to sell its shares in Canadian Natural Resources fully exiting the oil sands business. On 5 November 2017,

4292-405: The revelation that Shell had been overstating its oil reserves , it was announced that the Shell Group would move to a single capital structure, creating a new parent company to be named Royal Dutch Shell plc, with its primary listing on the LSE, a secondary listing on Euronext Amsterdam , its headquarters and tax residency in The Hague , Netherlands and its registered office in London. The company

4366-426: The same period the previous year. On 30 September 2020, the company said that it would cut up to 9,000 jobs as a result of the economic effects caused by the pandemic and announced a "broad restructuring". In December 2020, Shell forecast another write-down of $ 3.5-4.5 billion for the fourth quarter due to lower oil prices, following $ 16.8 billion of impairment in the second quarter. In February 2021, Shell announced

4440-538: The single legal entity which exists today. On 15 November 2021, Royal Dutch Shell plc announced plans to change its name to Shell plc. Shell is organised into four major business groupings: Shell's primary business is the management of a vertically integrated oil company. The development of technical and commercial expertise in all stages of this vertical integration, from the initial search for oil (exploration) through its harvesting (production), transportation, refining and finally trading and marketing established

4514-426: The spill, but an Argentine court ruled in 2002 that the corporation was responsible. In 2002, Shell acquired Pennzoil-Quaker State through its American division for $ 22 USD per share, or about $ 1.8 billion USD. Through its acquisition of Pennzoil, Shell became a descendant of Standard Oil . With its acquisition, Shell inherited multiple auto part brands including Jiffy Lube , Rain-X , and Fix-a-Flat . The company

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4588-464: The state owned CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico). On 30 April 2020, Shell announced that it would cut its dividend for the first time since the Second World War , due to the oil price collapse following the reduction in oil demand during the COVID-19 pandemic . Shell stated that their net income adjusted for the cost of supply dropped to US$ 2.9 billion in three months to 31 March. This compared with US$ 5.3 billion in

4662-401: The talks. In 1929, Shell Chemicals was founded. By the end of the 1920s, Shell was the world's leading oil company, producing 11 percent of the world's crude oil supply and owning 10 percent of its tanker tonnage. During the Spanish Civil War the company sold oil to the Nationalist side of Francisco Franco . Located in the north bank of the River Thames in London, Shell Mex House

4736-493: The transaction were Jaime Malagón, Jerome Jakubik, Paul Slocomb, and Víctor M. Marroquín of Baker & McKenzie , the international law firm retained by the Peruvian Government to advise on all privatization processes. In early May 2002, signed the concession contract for the transportation and distribution of gas from Camisea. In 2003 promulgating the DS 031-MS, eliminating the phrase "permanent horizon of 20 years" of Law No. 27133 and replacing it with "a minimum period specified in

4810-571: The value of World War II military production contracts. The 1930s saw Shell's Mexican assets seized by the local government. After the invasion of the Netherlands by Nazi Germany in 1940, the head office of the Dutch companies was moved to Curaçao . In 1945, Shell's Danish headquarters in Copenhagen , at the time being used by the Gestapo , was bombed by Royal Air Force De Havilland Mosquitoes in Operation Carthage . In 1937, Iraq Petroleum Company (IPC), 23.75 percent owned by Royal Dutch Shell plc, signed an oil concession agreement with

4884-408: Was Peter Voser who became CEO of Shell on 1 July 2009. Following a career at the corporation, in locations such as Australia and Africa, Ann Pickard was appointed as the executive vice president of the Arctic at Royal Dutch Shell, a role that was publicized in an interview with McKinsey & Company in June 2014. In January 2023, Wael Sawan succeeded Ben van Beurden as CEO. The name Shell

4958-439: Was already incorporated in 2002 as Forthdeal Limited , a shelf corporation incorporated by Swift Incorporations Limited and Instant Companies Limited, both based in Bristol. The unification was completed on 20 July 2005 and the original owners delisted their companies from the respective exchanges. On 20 July 2005, the Shell Transport & Trading Company plc was delisted from the LSE, whereas, Royal Dutch Petroleum Company from

5032-467: Was awarded to a consortium led by ExxonMobil (60%) and included Shell (15%). In February 2010, Shell and Cosan formed a 50:50 joint-venture, Raízen , comprising all of Cosan's Brazilian ethanol, energy generation, fuel distribution and sugar activities, and all of Shell's Brazilian retail fuel and aviation distribution businesses. In March 2010, Shell announced the sale of some of its assets, including its liquefied petroleum gas (LPG) business, to meet

5106-424: Was completed in 1931, and was the head office for Shell's marketing activity worldwide. In 1932, partly in response to the difficult economic conditions of the Great Depression , Shell-Mex merged its UK marketing operations with those of BP (British Petroleum) to create Shell-Mex & BP , a company that traded until the brands separated in 1975. Royal Dutch Company ranked 79th among United States corporations in

5180-636: Was created in April 1907 through the amalgamation of two rival companies: the Royal Dutch Petroleum Company ( Dutch : Koninklijke Nederlandse Petroleum Maatschappij ) of the Netherlands and the Shell Transport and Trading Company Limited of the United Kingdom . It was a move largely driven by the need to compete globally with Standard Oil . The Royal Dutch Petroleum Company was a Dutch company founded in 1890 to develop an oilfield in Pangkalan Brandan , North Sumatra , and initially led by August Kessler , Hugo Loudon, and Henri Deterding . The "Shell" Transport and Trading Company (the quotation marks were part of

5254-413: Was notably late in its acquisition as seen by journalists, with Shell seen as streamlining its assets around the same time of other major mergers and acquisitions in the industry, such as BP 's purchase of Amoco and the merger of Exxon and Mobil . In 2004, Shell overstated its oil reserves, resulting in loss of confidence in the group, a £17 million fine by the Financial Services Authority and

5328-796: Was registered in the Companies House on 21 January 2022. In December 2021, Shell pulled out of the Cambo oil field , off the Shetland Islands, claiming that "the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays". The proposed oilfield had been the subject of intense campaigning by environmentalists in the run-up to the COP26 UN climate summit in Glasgow in November 2021. On 4 March 2022, during

5402-490: Was subsequently criticised by the European Commission and five European Union members after deciding to leave part of its decommissioned oil rigs standing in the North Sea. Shell argued that removing them would be too costly and risky. Germany said that the estimated 11,000 tonnes of raw oil and toxins remaining in the rigs would eventually seep into the sea, and called it a 'ticking timebomb'. On 15 January 1999, off

5476-587: Was the largest producer of oil in the world. 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 1964, Shell was a partner in the world's first commercial sea transportation of liquefied natural gas (LNG). In 1970, Shell acquired the mining company Billiton , which it subsequently sold in 1994 and now forms part of BHP . In recent decades gas has become an increasingly important part of Shell's business and Shell acquired BG Group in 2016. Shell

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