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80-592: The main building opened in April 1958 as the Union Oil Center and served as the headquarters of Union Oil Company of California. The tower was designed by architect William Pereira . In 1996, Union Oil vacated the premises. After the construction of six sound stages and renovation of the Unocal building, the studio opened in 1999. The 20-acre complex includes six film production sound stages, ten buildings, three streets and

160-556: 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

240-572: 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

320-568: A building or structure in Los Angeles is a stub . You can help Misplaced Pages by expanding it . Unocal Union Oil Company of California , and its holding company Unocal Corporation , together known as Unocal / ˈ juː n oʊ k æ l / was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headquartered in El Segundo , California , United States. Unocal

400-556: A common law trademark of Unocal.com, which redirects to the Chevron webpage. In April 2005, the United States oil company Chevron made an offer to acquire Unocal for US$ 16.6 billion, which was followed, after the companies had agreed to the transaction, by a competing unsolicited bid from the Chinese firm CNOOC Limited of US$ 18.5 billion on June 22. The final Chevron offer of $ 17.9 billion

480-576: A fifty-six acre site in Kandahar, not far from bin Laden's compounds. ... Gouttiere traveled in and out of Afghanistan and met with Taliban leaders. ... In December 1997 Gouttiere worked with Miller to arrange for another Taliban delegation to visit the United States. ... Unocal seems to have had a deeper role. Intelligence " whistleblower " Julie Sirrs claimed that anti-Taliban leader Ahmad Shah Massoud told her he had "proof that Unocal had provided money that helped

560-581: 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

640-414: 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

720-679: 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

800-459: 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

880-678: A need to cut costs in addition to regional instability. Unocal was also the third-largest member of the Baku-Tbilisi-Ceyhan pipeline from the Caspian Sea to the Mediterranean Sea . Unocal entered the Indonesian market in 1961. Under the leadership of Henry L. Brandon (VP of International Development), Union Oil was the first US oil company to sign a production sharing agreement (contract of work) with President Suharto . Union Oil

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960-539: A new Delaware-based holding company, Unocal Corporation. In 1985, Mesa Petroleum, controlled by billionaire T. Boone Pickens , attempted a takeover of Unocal Corp. that resulted in the Delaware Supreme Court landmark decision Unocal v. Mesa Petroleum , which upheld Unocal's takeover defense. Virtually all operations are conducted by Union Oil Company of California (Union Oil). In 1977, Unocal acquired The Molybdenum Corporation of America (now Molycorp ). Among

1040-576: A private park. The main gate is located at 450 South Bixel Street. In 2006, the Los Angeles Times reported that with Dreamgirls and Numb3rs filming at the studio, the city's decades-old vision for City West was finally being fulfilled. The studio's distinctive main building and bridge appear as exterior shots of the Los Angeles FBI office in the TV series Numb3rs . This article about

1120-493: 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

1200-413: 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

1280-452: A strange sheen on the ocean surface, and dead seals and sea lions began washing up onto the beach. Although Unocal denied having any problems, records discovered by state fish and game officers disclosed that Unocal had long been aware of the leaks. Unocal has been actively cleaning up the site since the mid-90s, receiving praise from the Sierra Club for their habitat restoration work. In

1360-470: 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

1440-458: A wholly-owned subsidiary . Unocal then ceased operations as an independent company, but continues to conduct many operations as Union Oil Company of California, a Chevron company . The Union Oil Company of California was founded on October 17, 1890, in Santa Paula, California , by Lyman Stewart , Thomas Bard , and Wallace Hardison . It was a merger of three Southern Californian oil companies:

1520-593: Is a British multinational oil and gas company headquartered in London , England. Shell is a public limited company with 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

1600-512: 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

1680-476: 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

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1760-449: Is controlled by P.D.V.S.A. In 1997, Unocal sold its western United States refining and marketing operations to Tosco Corporation , including the rights to the Union 76 brand for refining and marketing (except in states where Uno-Ven operated). Tosco was later acquired by Phillips Petroleum , which later merged with Conoco to form ConocoPhillips . As of February 2024, Chevron still maintains

1840-469: 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

1920-453: Is no longer an operating station, but the building continues to stand, serving as an event space. The 76 logo is often seen in other Major League Baseball and National Football League stadiums on the west coast. In 1969, a blowout on the ocean bottom near Union Oil's Platform "A" on the Dos Cuadras field leaked between 80,000 and 100,000 barrels (16,000 m ) of oil into the water of

2000-505: 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

2080-1219: The Doe v. Unocal case, Burmese villagers sued Unocal for complicity in forced labor, rape, torture, and murder. EarthRights International , the Center for Constitutional Rights , Paul Hoffman, Hadsell & Stormer, and Judith Brown Chomsky served as co-counsel to the plaintiffs. In 2005, a settlement agreement was reached to compensate the plaintiffs. Thomas R. Bard , 1890–1894 D. T. Perkins, 1894 Lyman Stewart, 1894–1914 William L. Stewart Sr, 1914–1930 L. Pressley St Clair, 1930–1938 Reese H. Taylor, 1938–1956 Arthur C. Rubel, 1956–1960 Dudley Tower, 1960–1962 Arthur C. Rubel, 1962–1964 Fred L. Hartley, 1964–1985 Richard J. Stegemeier, 1985–1992 Roger C. Beach, 1992–2000 Timothy H. Ling, 2000–2004 Joseph H. Bryant, 2004–2005 Lyman Stewart , 1914–1923 E. W. Clark, 1930–1931 Reese H. Taylor, 1956–1962 William L. Stewart Jr, 1962–1964 Arthur C. Rubel, 1964–1965 Fred L. Hartley, 1974–1989 Richard J. Stegemeier, 1989–1995 Roger C. Beach, 1995–2000 John W. Creighton Jr. , 2001 Charles R. Williamson, 2001–2005 Royal Dutch Company Shell plc

2160-771: 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

2240-587: 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

2320-464: 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

2400-487: 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

2480-503: The Santa Barbara Channel , near Santa Barbara, California . The event led to widespread criticism of both Union Oil and the offshore oil drilling industry, and was one of the events leading to the passage of the 1970 National Environmental Policy Act (NEPA). Oil pipes under Avila Beach, California , leaked from the 1950s until 1996. A real estate firm determined the soil to be contaminated in 1989 and Unocal agreed to clean up

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2560-678: 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,

2640-712: The Taliban were in the process of taking control of the country. Unocal rented a house in central Kandahar directly across the street from one of [Osama] bin Laden's new compounds. They did not choose this location deliberately. Most of the decent houses in town straddled the Herat Bazaar Road. Also near was the Pakistani consulate, which housed officers from [the Pakistani military Inter-Services Intelligence , the] ISI. In 1997, Robert Oakley [ex-US ambassador to Pakistan, now on Unocal's ad hoc advisory board] advised Miller to reach

2720-574: The United Nations . In the 1980s, CIA chief Bill Casey had revived the agency's practice of gaining intelligence from traveling businessmen. Marty Miller, one of Unocal's top executives, conducted negotiations in several Central Asian countries from 1995, and voluntarily provided information gained on these trips to the CIA's Houston station. In 1996, Unocal opened an office in Kandahar , Afghanistan, while

2800-402: The world's largest companies out of any industry. Measured by both its own emissions, and the emissions of all 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

2880-592: The Independent Producers Agency, a group of small oil producers, to build pipelines from the Kern County oil fields to Union Oil facilities on the Pacific coast. This gave the independent producers an alternative to what they perceived as the low prices paid by Standard Oil and the high freight rates charged by the railroads to move crude oil. It gave Union access to a large volume of crude oil. The situation

2960-636: The Sespe Oil Company and the Torrey Canyon Oil Company (both owned by Bard) and the Hardison and Stewart Oil Company. All three were notable as being completely unaffiliated with Standard Oil . Union Oil moved its headquarters to Los Angeles in 1901. The original headquarters in Santa Paula is a California Historical Landmark and museum. About 1910, Union Oil made a strategic alliance with

3040-527: The Taliban by working through Pakistan's government [then led by Benazir Bhutto ]. He also suggested that Unocal hire Thomas Gouttiere, an Afghan specialist at the University of Nebraska at Omaha, to develop a job training program in Kandahar that would teach Pashtuns the technical skills needed to build a pipeline. ... Unocal agreed to pay $ 900,000 via the University of Nebraska to set up a Unocal training facility on

3120-500: The Taliban take Kabul [in 1996]". And French journalist Richard Labeviere said, referring to the later 1990s, "The CIA and Unocal's security forces ... provided military weapons and instructors to several Taleban militia[s] ..." US State Department officials openly promoted the pipeline, and former Secretary of State Henry Kissinger served as a Unocal consultant. The Taliban and Unocal were in negotiations in Texas to discuss arrangements for

3200-608: The United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell 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

3280-524: 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,

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3360-454: 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

3440-564: The assets acquired was Mountain Pass rare earth mine , then the world's largest producer of rare earth elements . In 1989, Unocal placed its midwest refining and marketing assets, including Union's 150,000-barrel-per-day (24,000 m /d) Lemont Refinery in Lemont, Illinois , into a 50/50 joint venture with Petróleos de Venezuela, S.A. (P.D.V.S.A.). The joint venture, known as the Uno-Ven Company,

3520-626: 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

3600-575: The contract by Union executives. The company expanded to national status in 1965, when Union Oil merged with the Pure Oil Company, headquartered in what was then Palatine, Illinois , and now Schaumburg, Illinois . Over the next two decades, Union became the major oil producer in southern Alaska and a major natural gas producer in the Gulf of Mexico . The company was reorganized in 1983, and Union Oil Company of California became an operating subsidiary of

3680-406: 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

3760-446: 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

3840-416: 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

3920-584: 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

4000-612: The gas pipeline from Turkmenistan to Pakistan in 1997 although it faced competition with from the Argentine Bridas Corporation . While no deal was ultimately agreed with either company, the Taliban were leaning toward making a deal with Unocal as of August 1998. The company suspended work on the project following the U.S. cruise missile strikes on Afghanistan in response to the 1998 U.S. Embassy bombings and completely pulled out in December 1998 citing low oil prices and

4080-640: The grounds that its implications for national security needed to be reviewed. Unocal was one of the key players in the CentGas consortium, an attempt to build the Trans-Afghanistan Pipeline to run from the Caspian area, through Afghanistan and probably Pakistan , to the Indian Ocean . One of the consultants to Unocal at that time was Zalmay Khalilzad , former US ambassador to Afghanistan , Iraq , and

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4160-607: 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

4240-530: 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 ,

4320-510: 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

4400-442: The merger of the Union Oil Company of Delaware with Royal Dutch Company . In 1961, Union entered the Indonesian oil market. Henry L. Brandon , Union's vice president of international development wrote a "contract of work" arrangement, which was a first for Indonesia. In a speech on Indonesian Independence Day in August 1961, then president Sukarno talked at some length about "production sharing", which included language written into

4480-790: 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 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

4560-409: 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

4640-426: 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,

4720-405: 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

4800-426: 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

4880-538: 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

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4960-512: The soil they contaminated. To clean up the massive spill, the crew had to excavate enough soil to fill a football field up to 60 feet (18 m) high. Between the mid-1950s and 1994, Unocal leaked 18 million US gallons (68,000 m ) of diluent —a petroleum derivative pumped into heavy oil fields to make the oil flow freely—under the Guadalupe-Nipomo Dunes and nearby ocean water, the largest oil spill in California's history. The pipelines had leaks in at least 90 places. Locals had noticed

5040-426: 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

5120-464: 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

5200-401: 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

5280-571: 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

5360-408: 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

5440-439: 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

5520-420: Was an initial sponsor of the Los Angeles Dodgers when the team relocated from Brooklyn in 1958. The 76 logo was the only corporate sponsorship visible in Dodger Stadium for many years after it opened in 1962. 76 logos currently adorn the batter's on-deck circles and the logo is atop the two large scoreboards in right and left field. A 76 gas station was located in the Dodger Stadium parking lot for decades. It

5600-409: Was approved by Unocal shareholders on August 10. The final CNOOC bid was nearly 5% greater than that of Chevron, but faced significant political opposition from the United States Congress and was finally withdrawn by CNOOC August 2 citing the associated political uncertainty. Following a vote in the United States House of Representatives , the CNOOC bid was referred to President George W. Bush , on

5680-467: 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

5760-482: 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

5840-881: 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

5920-516: Was headquartered in Arlington Heights, Illinois , and primarily comprising employees from Union Oil's then Schaumburg, Illinois , division headquarters and Lemont, Illinois , refinery. The joint venture was dissolved in 1997, with P.D.V.S.A. receiving full ownership. During the life of the joint venture, the familiar Union 76 brand name continued in full force. At the termination of the joint venture, most stations were converted to Citgo , which

6000-455: Was involved in domestic and global energy projects. Unocal was one of the key players in the CentGas consortium, which attempted to build the Trans-Afghanistan Pipeline to run from the Caspian area, through Afghanistan, to the Indian Ocean , at a time after the Taliban siege of Kabul in 1996. On August 10, 2005, Unocal merged its entire upstream petroleum business with Chevron and became

6080-764: Was later fictionalized in the 2007 film There Will Be Blood . In 1919, the Union Oil Company of Delaware was incorporated as a holding company for the Union Oil Company of California. In 1920, Union Oil purchased the Central Petroleum Company from the Texas Company . In 1922, the Union Oil Associates, Inc., was incorporated in California as a holding company to prevent control of the Union Oil Company of California passing to foreign interests after

6160-483: 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

6240-796: 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

6320-490: 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

6400-522: Was the sponsor of the Major Burnham Bowling Trophy, an annual California bowling event supported by the Boy Scouts of America and named after Major Frederick Russell Burnham . 76 was the official fuel and motor oil of NASCAR from the sport's inaugural season in 1948 until the end of the 2003 season when Sunoco became the official fuel and Mobil 1 became the official motor oil. 76

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