Business, 01 Mar, 14:37
Shell announced the impending criminal prosecution in The Hague ... $ 1 billion. The Dutch prosecutor's office plans to complete investigations into the case Royal Dutch Shell and is preparing for a lawsuit on criminal charges related to... filed a lawsuit in the London Commercial Court against Eni and Royal Dutch Shell. The authorities of the African Republic indicated that the companies had transferred to an escrow...Business, 27 Sep 2018, 00:57
The media learned about Shell's plans to buy 50% in the Gazprom Neft project in the YaNAO Anglo-Dutch Company Royal Dutch Shell is negotiating the purchase of a stake in the Gazprom Neft field, which ... is said to be the Tazovsky field. Reuters sources claim that Shell interested in buying a share of about 50%. Interfax interlocutors note... Royal Dutch Shell Shell Shell The new head of Shell in Russia spoke about the desire to learn Russian The new head of the Anglo-Dutch Royal Dutch Shell Cederik Kremers plans to learn Russian in Russia. About this ... exploration, production, processing and marketing, it is noted on the company's website. IN Shell he came after graduating from the Erasmus University Rotterdam in the Netherlands and became head of the budgeting, financial planning and reporting department of a joint venture Shell Petroleum Development Company in Nigeria. In 2007 he moved... ... companies Royal Dutch Shell Shell Royal Dutch Shell Pakistan demands $2 million compensation from Shell over tanker explosion ... companies Royal Dutch Shell for the casualties and destruction resulting from the explosion of the tank truck. It is reported by Reuters. Pakistani oil and gas regulator demanded compensation from Shell Pakistan Ltd (local division Royal Dutch Shell) in the amount of 210 million Pakistani rupees ($1,993 ... Royal Dutch Shell Shell Gazprom and Shell sign two agreements on Baltic LNG Alexey Miller, Chairman of the Board of Gazprom, and Chief Executive Officer Royal Dutch Shell Ben van Beurden signed during the St. Petersburg International Economic Forum (... LNG in the Leningrad Region. Based on these principles, Gazprom and Shell, according to the press service, they will continue further work on the implementation of the project ... Results of 2016 from RBC-Tatarstan: 16 investment breakthroughs - 1 ... 2016, the Dutch-British oil and gas company also announced " Shell". Transnational energy company Shell began expansion to the east of Russia from the capital of Tatarstan. The first... which will sell fuel designed specifically for Ferrari cars. " Shell invests in Tatarstan, because it is a promising and economically developing ... Shell Shell Shell Shell's profit fell by 80% in six months Oil and gas company profit Shell relating to its shareholders in the first half of 2016... the company's report. In the second quarter of 2016 attributable to shareholders Shell profit decreased year on year by 71% - from $3.986 billion to $1.175 billion. Shell from own operating activities in January-June 2016 amounted to... Shell Royal Dutch Shell Shell Shell Oil companies will try to save money through the "economy of mutual aid" ... low oil prices, writes Bloomberg. British last year Shell, EnQuest, Centrica, American Marathon Oil and Apache, as well as Canadian ... improve the efficiency of their operations, Paul Goodfellow, vice president of Royal Dutch Shell for the UK and Ireland. Members of the Wells Forum share their opinions on ways to cut costs. The work of the group is supervised Shell. They were the first to announce their plans. Shell, BP and French Engie. They were later joined... Royal Dutch Shell Shell Gazprom and Shell to sign an agreement on Baltic LNG at SPIEF ... the International Economic Forum (SPIEF) is expected to sign an agreement between Gazprom and Royal Dutch Shell at the Baltic LNG plant in the port of Ust-Luga, which should ... said the assistant to the Russian president, Yuri Ushakov. Memorandum of cooperation with Shell on the "Baltic LNG" is in the plan, the official representative confirmed to RBC ... Royal Dutch Shell Shell Royal Dutch Shell Shell's net profit in the first quarter fell by almost ten times According to the results of the first quarter of 2016, net profit Royal Dutch Shell decreased by 89% compared to the same period last year. ... American depositary receipts. Published on Wednesday, the report was the first for Shell after the acquisition in February of the British company BG Group for $54 ... 2016 will amount to, according to preliminary estimates, $40 million. Anglo-Dutch Royal Dutch Shell after the takeover of BG Group became the second largest oil company... Royal Dutch Shell Shell Shell Experts predicted the worst quarterly results for oilmen in many years ... the company's platform that cost it $17 billion in quarterly losses. Company Royal Dutch Shell, which will report in early May, is likely to demonstrate the most ... compared to 2014, it is planned to reduce by $ 7 billion). Expenses Shell in 2015 they decreased by $4 billion, and in 2016 ... 2015 the average price of a barrel of Brent was $53.6. Expenses Shell per barrel of oil in 2015, according to a March study... Prices against wages: how the income of the heads of the largest oil companies has changed RBC looked at which of the top managers of global oil and gas companies began to earn less after the fall in oil prices, and who - more .. Georgy Makarenko, Markhulia Ekaterina Shell Royal Dutch Shell ShellEconomics, 28 Mar 2016, 13:23
Large Western energy companies have depleted their reserves by a quarter The largest Western energy companies, including Shell, BP and Exxon are depleting their oil reserves in 2015... in 10 years. This follows from an analysis of data from ExxonMobil companies, Royal Dutch Shell, BP, Chevron, Statoil, Eni and Total, conducted by The Wall Street ... BP's reserves amounted to 61%, the Norwegian Statoil - 55%. reserves Shell decreased by 20%, but in 2015 the company completed the deal...Business, 15 Feb 2016, 18:17
... companies, and Royal Dutch Shell Royal Dutch Shell Royal Dutch Shell Royal Dutch Shell can get...Business, 15 Feb 2016, 18:17
Royal Dutch Shell became the second largest oil company in the world ... companies, and Royal Dutch Shell received full access to the reserves of liquefied natural gas, in the extraction of which the British company specialized. Thanks to the merger Royal Dutch Shell becomes the second... BG Group for Royal Dutch Shell Bloomberg names fields in Brazil where the company intends to double production in 2020. In particular, Royal Dutch Shell can get... The world's largest gas carrier left the dock Energy company Royal Dutch Shell announced the completion of the construction of the world's largest floating facility, which ... off the coast of Western Australia. The operation of the floating LNG production complex will allow Shell produce natural gas offshore, obtain liquefied natural gas... Shale oil production cost Shell $2.1 billion in losses. ... 2013 total revenue Shell decreased by 4.6% to $114.348 billion. Royal Dutch Shell, according to analysts, should amount to 441.25 billion dollars. Royal Dutch Shell- Europe's largest oil company. In Russia Shell Shell Caspian Ventures Ltd ... BP, Statoil and Royal Dutch Shell offices raided ... European oil companies - Norwegian Statoil, British BP and Dutch-British Royal Dutch Shell- searches were carried out as part of an antitrust investigation initiated by the European Commission, reports ... carried out in an office in Stavanger in the south of the country. BP and Royal Dutch Shell confirmed the searches at their offices in London and Amsterdam. Also... The profit of the largest oil company in Europe fell by 14% in a year ... in Europe," CFO told the Times Royal Dutch Shell Simon Henry. According to a top manager, Royal Dutch Shell will leave on their accounts in European banks... withdrawn from the financial institutions of the eurozone. Royal Dutch/Shell- Europe's largest oil company. Royal Dutch Shell together with Rosneft represented by Rosneft- Shell Caspian Ventures Ltd. owns... Royal Dutch Shell withdraws capital from the eurozone ... Royal Dutch Shell no longer trusts European banks. "We are not prepared to take on credit risk in Europe," CFO told the Times. Royal Dutch Shell Simon Henry. . According to the top manager, Royal Dutch Shell will leave on their accounts in European banks ... Europe's largest oil company's quarterly profit falls 53% ... Nigeria recommended that the country's parliament impose Royal Dutch Shell$5 billion fine. According to Shell, the oil spill at the field occurred during ... a significant fine. Royal Dutch Shell- Europe's largest oil company by market value. Company Royal Dutch Shell together with Rosneft represented by Rosneft- Shell Caspian Ventures Ltd ... ... -Dutch oil and gas giant Royal Dutch Shell and is eyeing the purchase of a stake in the Italian ENI, reports Reuters. This information was confirmed by representatives Shell, without specifying the exact ... shareholder Shell especially given the strategic partnership between the company and the government of Qatar," commented the situation in Royal Dutch Shell.Meanwhile, a 5 percent stake in the capital Shell makes...Economics, 02 Feb 2012, 12:30
Profit of Europe's largest oil company rises to $31 billion ... Executive Director Royal Dutch Shell Peter Woser. He also expressed satisfaction with the results of the year. Royal Dutch Shell- Europe's largest oil company by market value.Company Royal Economics, 29 Jul 2010, 12:47 Royal Dutch Shell profit up 15% in Q2 Net income of the British-Dutch Royal Dutch Shell rose 15% in the second quarter of 2010, the company said today. ... dividend income of $2.4 billion. Royal Dutch/Shell is one of the largest oil companies in the world. The concern operates ... thousand gas stations around the world. In Russia Royal Dutch/Shell together with Rosneft represented by Rosneft- ShellEconomy, 04 Feb 2010, 09:43
Net profit of Royal Dutch Shell decreased in 2009. by 52% Net profit of the British-Dutch oil company Royal Dutch Shell reduced by the results of the past year by 52% - to 12.72 ... dollars in 2008. According to the results of the last quarter of 2009, net profit Royal Dutch Shell amounted to 2.01 billion dollars, while for the same period ... in the amount of 470 million dollars a year earlier. The company Royal Dutch/Shell together with Rosneft represented by Rosneft- Shell Caspian Ventures Ltd. owns 7.5% in...Society, 01 Feb 2010, 01:44
Militants attack Royal Dutch Shell oil pipeline in Nigeria In Nigeria, militants damaged one of the oil pipelines of the Anglo-Dutch company Royal Dutch Shell. There are no reports of injured employees of the corporation. According to company representatives... the oil spill has now been stopped. Due to sabotage, the company Royal Royal Dutch Shell plans to sell assets in Nigeria for $5 billion Dutch Royal Dutch Shell, the largest oil company in Europe, plans to sell fields in Nigeria... to foreign oil companies in the country. 16% of all oil produced Royal Dutch Shell in 2008, fell on Nigeria. It is the largest and oldest foreign...Royal Dutch Shell(Shell) is a British-Dutch company, the third largest private oil and gas company in the world after and. Headquarters - in ().
Structure and leadership
Until mid-2005, the structure of the company had an original "dual" character: Royal Dutch Petroleum Company and The "Shell" Transport and Trading Company Ltd were the so-called "parent companies" (they did not conduct production activities and were not part of the concern). "Parent companies" owned shares in the holding companies of the concern - the Dutch "Shell Petroleum N. V." and the English Shell Petroleum Company Limited, with Royal Dutch Petroleum Company owning 60%, and Shell Transport and Trading Company owning 40% of the shares of the holding companies. In turn, the holding companies owned all the shares in the service companies, as well as - directly or indirectly - the entire share of Shell in the manufacturing companies.
In the summer of 2005, the shareholders of the Royal Dutch Petroleum Company and The "Shell" Transport and Trading Company Ltd approved the merger of the parent companies into one company headquartered in the Netherlands. The deal turned the Netherlands into the world's largest investor in 2005 and the UK into the world's top investment recipient (which tripled to $164.5 billion).
According to the company, its largest shareholders as of March 1, 2006 were Barclays (4.28% of class A shares and 4.13% of class B shares), Legal & General Group (3.08% and 3.94%), Capital Group ( 7.5% and 4.45%) and UBS (3.16% of Class A shares). Market capitalization on July 14, 2006 - about $235 billion.
The chairman of the board of directors of the company is Aad Jacobs. The General Manager is Jeroen van der Veer.
Activity
Shell conducts geological exploration and production of oil and gas in more than 40 countries around the world. Shell owns the world's largest network, which has more than 55 thousand stations. Shell also owns or partially owns more than 50 oil refineries.
In addition, Shell owns a significant number of chemical enterprises, as well as industries and other alternative energy sources.
Oil and gas production in 2005 was about 3.5 million barrels of oil equivalent per day (about 180 million tons of oil equivalent per year).
The total number of the company's personnel is about 110 thousand people. The company's revenue in 2005 amounted to $306.7 billion (in 2004 - $266.4 billion), net profit - $26.3 billion ($19.3 billion).
Royal Dutch Shell in Russia
Royal Dutch Shell is one of the largest foreign investors in Russia in terms of investments. In our country, Royal Dutch Shell is involved in the development of the shelf (a project jointly with the Japanese Mitsui and) and the fields of the Salym group in. The company also plans to take part in the development of offshore oil and gas projects together with.
The company has a network (as of mid-July 2006 - 18 stations).
The history of Shell began in 1833, when the English merchant Marcus Samuel opened a small shop in London selling various trinkets decorated with sea shells (“shell” in English means shell) and other exotic oriental products. Shell was the name of Samuel's father's shop in London. The enterprise proved profitable, and Samuel arranged for the delivery of seafood from the Far East by means of his small coastal fleet. Vessels traveling from the metropolis to the colonies carried various cargoes on board, including oil products. Samuel, being a talented businessman, saw a great future for the oil business during its practical birth. After his death, in 1870, the business passed to his sons, who in 1878 founded their own company.
The circle of activities of the Samuel brothers expanded rapidly, especially after Marcus Samuel Jr. visited Batumi in 1890, from where Baku oil was exported. He decided to take on the transportation of oil around the world using tankers.
The world's first oil tanker was built in Russia at the shipyards of Baku and was called "Zoroaster", in memory of the Zoroastrians - fire worshipers, the ancestors of modern Armenians. Samuel was shocked when he saw the Russian tanker.
Turning out to be a very resourceful entrepreneur, already in 1892 he managed to build his first tanker called the Murex with a displacement of 5 thousand tons at one of the English shipyards. In memory of this event, the lead tanker of Shell's oil fleet is now called Murex. The key point is that the design of the tanker invented by Marcus Samuel eliminated the risk of spontaneous combustion of oil products. In addition, Murex was registered by the Lloyd agency and met the stringent requirements of maritime transportation through the Suez Canal (which no oil company could achieve before), through which it was planned to transport oil and other oil products. Murex made its first flight in August 1892 with a cargo of 4,000 tons of Russian kerosene on the Batumi-Singapore-Bangkok route.
That is why the first "brand" product supplied by Shell to Far Eastern consumers in early 1893 was Russian kerosene.
The transportation of oil also gave rise to new problems - in the ports of the Far East, the enterprising Samuel built large tanks for storing oil. As well as factories for the production of packaging, which the locals used for a variety of purposes, including for the manufacture of roofing roofs.
By the end of the 90s of the last century, Samuel's oil business had grown so much that in 1897 he founded a separate company called Shell Transport and Trading Company Ltd.. But the creation of a world-class oil corporation was still far away. Marcus Samuel still had a powerful enemy in the American monopoly Standard Oil. The need to resist the expansion of the Americans became the basis for the rapprochement between Shell and Royal Dutch, which Samuel once considered nothing more than a dangerous competitor. Royal Dutch Petroleum was established in 1890 under the auspices of the King of the Netherlands, which developed a rich field on the island of Sumatra and competed fiercely with Shell for sales markets. However, history was pleased to dispose of the fate of these two companies in its own way.
In 1902, after long negotiations, Shell and Royal Dutch created the Asiatic Petroleum concern, whose goal was to expand the trade in oil and petroleum products, including Russian production, in the Far East region. In 1907, the capital and interests of Royal Dutch Petroleum and Shell Transport & Trading Co. were finally merged, forming the foundation of the corporation known today throughout the world as Royal Dutch/Shell. In 1900, Henry Detering (1866-1939), who was later called the "oil Napoleon", became the managing director of this company, and then the chairman of the board of directors. Detering was a supporter of cooperation with Shell. On his initiative, in 1907, the capitals of Royal Dutch and Shell merged, and a new company was founded with two head offices in London and The Hague.
In the combined concern, 60% of the shares belonged to Royal Dutch, and 40% to Shell. This ratio has been maintained to this day.
Soon a period of growth began. The scope of the concern was constantly expanding, new deposits of crude oil were being developed, scattered almost all over the globe. Powerful oil refineries were controlled by the center in order to more quickly demand for petroleum products. Oil production rights were acquired in Romania (1906), Russia (1910), Egypt (1913), Venezuela (1913) and some other countries and regions.
In 1912, the concern entered the US domestic market, starting the development of oil fields and the construction of oil pipelines. In connection with the development of maritime and road transport, Shell made a bet on the production of fuel oil and gasoline and was not mistaken, which brought him enormous profits.
In 1919, British pilots John Alcock and Arthur Witten-Brown made the first non-stop flight across the Atlantic Ocean in a Shell fueled aircraft.
The First World War somewhat slowed down the company's rapid ascent to the oil Olympus, but after it ended, active growth resumed. Companies are being created in the USA, the Middle East, Malaysia, East and South Africa. In the early 1930s, Shell took its first steps in the production of petroleum-based chemicals. By the end of the 1930s, Shell was producing about 600,000 barrels of crude oil per day, which was more than 10% of world production.
The years of World War II were not easy for Shell. The Netherlands was occupied by Germany. Romania and the Far East also remained beyond the reach of the company.
Shell actively cooperated with the governments of the allied countries, ensuring uninterrupted supplies of aviation and motor gasoline, as well as fuel oil to all fronts of military operations.
The chemical company Shell Chemical Corporation has established the production of butadiene for the manufacture of artificial rubber. During the war, all the company's tankers came under the command of the government, as a result, in 1945 Shell lost 87 of its ships.
At the end of the war, the concern set about restoring the destroyed enterprises and quickly coped with this task. The expansion of processing capacities has begun. Production of petroleum products increased in almost all regions, especially in Venezuela.
In the early 1950s, the world economy felt the need for new sources of crude oil. The concern launched prospecting and exploration work in Algeria, Trinidad, on the shelf of British Borneo. Deposits were discovered in the Netherlands (Skhunebek), Canada, Columbia, Iraq. The increased volumes of oil production naturally led to the construction of new oil refineries, the largest of which were built in the Dutch port of Pernis, the French city of Rouen, Cardona (Venezuela), Geelong (Australia), and Bombay.
In the 1950s, Shell accounted for one-seventh of the world's production of petroleum products, the output of which was constantly increasing. More powerful and capacious tankers (up to 200 thousand tons) were required to transport oil. Soon such tankers became the main unit of the Shell fleet.
In 1959, a joint venture between Shell and Exxon discovered one of the richest natural gas fields in the Dutch town of Groningen. Gas production has become another direction of Shell's diversified concern. By the beginning of the 1970s, half of the gas consumed in Western Europe was produced in Groningen.
In the mid-1960s, Shell explored several unique gas fields in the North Sea at once, which required the development of a new technology for the sea transportation of liquefied gas. In the 1970s, Shell and its partners managed to supply five million tons of liquefied gas from Brunei to Japan. Shell has pioneered large-scale liquefaction projects and long-haul shipping. In the 80s, the export of liquefied natural gas produced by the concern increased significantly - in 1989, the largest project was carried out to develop the northwestern shelf of Australia and supply liquefied natural gas to Japan.
In addition to gas, in 1971 the giant Brent oil field was explored in the North Sea under extremely difficult natural conditions. Exploration and development of the North Sea later became Shell's largest business. Severe weather conditions dictated the need to use high-tech equipment for oil production. Following Brent, Shell discovered the Kormorant (1972), Dunlin (1973), Turn (1975) and Eider (1976) fields. The development of Brent is considered one of the most technologically complex and expensive projects in the history of mankind.
In the mid-1970s, demand for oil fell. The events in Iran in 1978-79 and the related restrictions on oil supplies - all this brought to life the need to search for alternative energy sources. Gas consumption in Europe more than doubled in the late 1970s. 50% of this amount was provided by Shell and its partners.
Expanding the range of its activities, the concern strengthened its position in the coal and metallurgical industries. In 1981, a large magnesium plant was put into operation in Wendam (Netherlands).
In the 1980s, Shell's efforts focused on differentiating products and services, on improving production efficiency through the automation of distribution and marketing networks.
In the same period of time, Shell switched to the production of unleaded gasoline, a more environmentally friendly fuel.
By the end of the decade, the company was processing about three million barrels of crude oil at its refineries. A quarter of the group's total income came from chemical production. And yet, the 1980s were unprecedented in the development of offshore fields in the North Sea. In its Norwegian sector, the second largest Troll gas field in Europe was discovered. Two of the largest oil and gas fields, Bullwinkle and Auger, were explored in the Gulf of Mexico. In 1989, daily oil production from the Bullwinkle platform, installed at a depth of 412 m, reached 8 thousand barrels. In 1994, another giant platform Auger was built on pre-tensioned supports, the height of which was 872 m. This is the highest stationary structure in the world on the seabed.
To maintain a competitive advantage, Shell is ready to make fundamental changes in its structure. These changes include the July 2005 merger of the parent companies Royal Dutch and Shell Transport into a single company, Royal Dutch Shell plc.
Shell logo
For more than a century, the word "shell" or "Shell", the scallop shell emblem and the distinctive colors of red and yellow have been used to identify the brand and promote the company's reputation. These symbols signify the quality of products and services, represent professionalism and values all over the world.
At the origins
The name of the company was "Shell" (eng. shell), and each tanker Samuela, carrying kerosene to the east, bore the name of a different shell. The scallop may have been taken from the family crest of a business partner, Mr. Graham, who imported Samuel's kerosene to India and became a director of The Shell Transport and Trading Company. After moving to Santiago de Compostela in Spain, the Graham family adopted the Saint James shell as their coat of arms. Over time, the shape of the shell has gradually changed in line with graphic design trends. Designer Raymond Loewy created and introduced the existing emblem in 1971.
Why red and yellow?
In 1915, the Shell company in California built service stations for the first time, and they needed to stand out from the competition. They used bright colors that would not offend the people of California: due to the state's close Spanish ties, red and yellow were chosen.
Today's colors appeared years later, in 1995 Shell's vibrant, consumer-friendly red and yellow colors were introduced for the company's new retail products. The scallop remains one of the most famous brand symbols in the 21st century.
The history of this brand begins almost two centuries ago - in 1833 - with the name of the English merchant Marcus Samuel. That year in London, he decided to expand his antiques business by selling a new decorative item, seashells. After all, the word "shell" is translated from English as "shell".
From seafood to oil
The Shell store turned out to be a profitable business, so the merchant soon arranged for the delivery of sea shells from the Far East, for which coastal fleet ships were used. It was these ships that carried a variety of cargoes from the British colonies to London, including oil products. Samuel saw the great future of the oil business in time, and in 1870, after his death, the business passed to his sons. In 1878, they open their own company, the scope of which is rapidly expanding.
In 1890, the company began exporting Baku oil using tankers. Then Baku was part of the Russian Empire, and the first oil tanker was built there. This ship was seen by the owner of the company, and already in 1892 in England at the shipyard he was able to build an oil tanker for 5000 tons.
The design of this tanker had some features: Marcus Samuel Jr. developed a special system to protect oil from spontaneous combustion during the transportation of the product. Until the beginning of the 20th century, Shell supplied consumers with a highly demanded product at that time - Russian kerosene from the Far East.
Creation of a world-class corporation
At the beginning of the 20th century, a separate company, Shell Transport and Trading Company Ltd., was founded, although it was still far from being a world-class oil corporation. It should be emphasized that in those days, the Standard Oil Company, which belonged to Rockefeller and systematically crushed the market for oil and other types of fuel, was especially powerful. The Samuel brothers were constantly at risk of being forced out of the industry after any bad business decision.
In order to defend its right in the world market, Shell had to team up with the Dutch company Royal Dutch of the same profile. This expanded the oil and petroleum product trading network in 1902. In the new company, only 40% of the shares belonged to Shell Transport, and this situation in the united concern is still preserved.
Already 10 years later, Royal Dutch Shell enters the US domestic market. The stake was placed on the production of fuel oil and gasoline, which turned out to be successful due to the dynamic development of the automotive business. During the First World War, the company's growth slowed down, but after it ended, it resumed at an active pace. By the end of the 1930s, Shell owns a 10 percent share of world oil production.
During the Second World War, business development stopped, the company did everything to survive this difficult period and stay afloat. After the war, Shell took an active part in the restoration of destroyed enterprises and began to intensively gain processing capacity. Shell's oil products production has increased worldwide.
Since the second half of the 20th century, the demand for oil in the world has been constantly growing, the cost has been consistently high, and Shell only grew rich in such conditions. The first time the demand for oil fell was due to the events in Iran in the late 1970s. On the other hand, global gas consumption has grown, so Shell began to develop this direction. The company's management was sensitive to changes in the market and deftly adjusted to them.
Brand insignia
For more than a hundred years, the Shell logo has been a red and yellow scallop shell. It, as the company's marketers assure, symbolizes the quality of products and services, professionalism and corporate values of the concern.
The colors of the logo were not chosen by chance. In 1915, when the company first built service stations, it was necessary to stand out from the competition, and then it was decided to use bright colors.
Today, Royal Dutch Shell produces oil in 80 countries around the world, it owns a large number of wells and three dozen oil refineries around the world. This company employs 90,000 people, and net profit is tens of billions of dollars a year.
Royal Dutch Shell PLC(better known as Shell) is a British-Dutch vertically integrated oil and gas company, formed from the merger of the Dutch Royal Dutch Petroleum and British Shell Transport & Trading. The headquarters of the organization is located in the Netherlands, while the company is registered as a corporation in the UK.
Royal Dutch Shell's activities include the exploration, production, processing and marketing of oil, gas and petroleum products. The company operates in more than 90 countries and has more than 44,000 filling stations worldwide. On April 13, 2015, Shell's market capitalization was estimated at £129.8 billion. The company's shares are included in the calculation of the FTSE 100 index.
| Royal Dutch Shell | ©site | |
|---|---|---|
| Foundation date | 1907 | |
| Headquarters location | The Hague, Netherlands | |
| Chairman of Lighting Directors |
Charles Holiday | |
| CEO |
Ben van Beurden | |
| Head in Russia | William Kozik | |
| turnover |
$264.96 billion(2015) | |
| Net profit |
$1.939 billion(2015) | |
| Number of employees |
94,000 people | |
history of the company
Royal Dutch Shell was created in February 1907 year through the merger of two competing companies - the Dutch Royal Dutch Petroleum Company and the British "Shell" Transport and Trading Company Ltd. This step was largely due to the need to create serious competition. Standard Oil. For a number of reasons, the companies operated as an association, but at the same time had separate legal entities. Under the terms of the merger, 60% of the property was transferred to the Dutch company, 40% - to the British.
Royal Dutch Petroleum Company- a company founded in 1890 year in The Hague to develop a deposit in Sumatra, in the Dutch East Indies. Oil deposits in this area were discovered as early as 1885, but funds were needed to start work. Herself n The oil in Sumatra was quite light, and, accordingly, well suited for the production of gasoline, which made mining in this region very promising.
The company got its name Royal Dutch from the fact that the concessionaires secured the support of King William III.
Shell Transport and Trading Company Ltd. was founded by two brothers - Markus Samuel (1st Viscount Bearsted) and Samuel Samuel in 1897 year for the transportation of kerosene from Batumi to the Middle East through the Suez Canal
Their father owned an antique office in Houndsditch (London area). In 1833, he decided to expand his business by importing and selling sea shells. In honor of these shells, the brothers decided to name the new company (“Shell” in English means “sea shell”).
During the First World War, Shell was the main supplier of fuel to the British Armed Forces, as well as the sole supplier of aviation fuel. In addition, the company supplied 80% of TNT.
In 1919, Shell took control of the Mexican Eagle Petroleum Company and in 1921 formed Shell-Mex Limited, which began marketing products under the "Shell" and "Eagle" brand names. Shell Chemicals was formed in 1929. As a result, Shell became the largest oil company in the late 1920s, accounting for 11% of the world's crude oil supply.
In 1931, the Shell Mex House was built, which became the head office of the company. In 1932, partly due to difficult economic conditions, Shell Mex decided to join forces in the UK retail market with British Petroleum and form Shell Mex and BP, a company that lasted until 1975.
IN 1930 Shell's Mexican assets were forcibly transferred to the local government.
After the German invasion of the Netherlands in 1940 year, the company's head office was moved to Curacao.
IN 1952 Shell became the first company in the Netherlands to use a computer. The device, dubbed the Ferranti Mark 1, was assembled and installed at the Shell lab in Amsterdam.
In 1970, Shell acquired the mining company Billiton, which was subsequently sold in 1994 and is now part of BHP Billiton.
IN November 2004, after a period of instability caused by the discovery that Shell was inflating the figures for its real oil reserves, it was announced a capital restructuring of the Shell Group and the creation of a new parent company Royal Dutch Shell PLC, with headquarters and tax residence in The Hague (Netherlands), and registered in London. The merger has been completed July 20, 2005. On the same day, Shell Transport & Trading Company PLC was delisted from the London Stock Exchange (LSE), and on November 18, 2005, the Royal Dutch Petroleum Company left the New York NYSE.
In 2009, a tender was awarded by the Iraqi Oil Services to develop the Majnoon field in southern Iran, which contains about 12.6 billion barrels of oil. The result was a consortium led by Shell (45%) and Petronas (30%). The rights to develop West Qurna 1 went to ExxonMobil(60%) and Shell (15%).
In February 2010, Shell entered into a 50/50 joint venture with Brazil's Cosan called Raizen, comprising all of Cosan's core assets and Shell's Brazilian motor and aviation fuel distribution business.
In March 2010, the company announced the sale of part of its assets, including the production of liquefied associated gas, to cover the planned costs of $28 billion. In June of the same year, Royal Dutch Shell acquired the entire business of East Resources, including gas fields, for $4.7 billion.
IN 2013 Shell began selling its US shale gas assets. The corporation also canceled a $20 billion Louisiana shale gas project. The overall productivity of the company in 2013 fell by 38% compared to the previous year. As a result, the value of the company's shares fell by 3%. In February 2014, Shell also sold most of its Australian assets.
On April 8, 2015, Royal Dutch Shell announced its agreement to buy BG Group for $70 billion, however, the issue has not been closed yet.
Shell in Russia
| Project | Project description | ©site | Members | Shares |
|---|---|---|---|---|
| Salym Petroleum Development N.V. | Exploration and development of the West Salym, Upper Salym and Vadelyp deposits in the Khanty-Mansi Autonomous Okrug | GAZPROM NEFT | 50% | |
| Shell Salym Development B.V. | 50% | |||
| Sakhalin II | Development of two fields: the Piltun-Askhotskoye and Lunskoye fields on Sakhalin Island under the Production Sharing Agreement. Operator – Sakhalin Energy Investment Company | GAZPROM | 50% + 1 share |
|
| Shell | 27.5% - 1 share | |||
| Mitsui | 12,5% | |||
| Mitsubishi | 10% | |||
Shell in the world
- Africa
Shell began oil production in Africa in the 1950s. In 1958, production was launched in Nigeria. The company also produces oil in Algeria, Cameroon, Egypt, Gabon (at the giant Rabi-Kounga field), Ghana, Libya, Morocco, Nigeria, South Africa and Tunisia. In August 2014, the company disclosed information about the sale of its stake in four fields in Nigeria.
Asia
Malaysia
Shell began developing its first oil well in Malaysia in 1910 at Miri, Sarawak. Today, on the site of this oil mine, there is a monument called the Grand Oil Lady. In 1914, Shell built the first refinery in Malaysia and laid a pipeline at Miri.
In 2012, there were 900 Shell filling stations in the country, and processing capacity was about 100 thousand barrels per day.
Philippines
In the Philippines, Royal Dutch Shell operates on behalf of its subsidiary, Pilipinas Shell Petroleum Corporation, which has a stake in the Pandacan oil storage facility and other key assets.
Singapore
Singapore is the hub of Shell's Asia-Pacific operations. Shell Eastern Petroleum limited (SEPL) has refinery facilities at Pulau Bukom and Shell Chemicals Seraya operates on Jurong Island.
Europe
Ireland
Shell began selling oil to Ireland in 1902. Exploration and production is handled by Shell E&P Ireland (SEPIL) (formerly Enterprise Energy Ireland) headquartered in Dublin, which was acquired in 202. The company's main project is the Corrib gas field on the northwest coast. However, during the implementation of the project, Shell encountered a number of difficulties regarding the construction of onshore pipelines and obtaining licenses.
In 2005, Shell transferred the entire fuel business in Ireland to the Topaz Energy Group.
Great Britain
In the UK-owned North Sea, Shell has interests in more than fifty oil and gas fields, 30 offshore production platforms, 30 subsea stations, two floating oil production and storage platforms, an offshore terminal and three onshore gas processing plants. The company's enterprises provide 12% of oil and gas supplies in the UK.
North America
In America, the business of Royal Dutch Shell Corporation is represented by the until recently practically independent Shell Oil Company, whose shares were traded on the New York Stock Exchange (NYSE). The change came in the 1990s when Shell bought back Shell Oil Company shares it did not own.
Royal Dutch Shell carried out a similar maneuver with respect to Shell Canada, also buying shares and applying a global business model.
Australia
In May 2010, Royal Dutch Shell made the final decision to finance the project of the first floating platform producing liquefied natural gas, after the discovery of the offshore Prelude field in the northwest coast of Australia, which contains, according to various estimates, about 850 billion m 3 of natural gas.
In February 2014, Shell sold its Australian refineries and filling stations to Vitol for $2.6 billion. However, Shell is expected to continue to invest in projects in Australia with Chevron Corporation and Woodside Petroleum.