67 Facts About Shell Oil

Shell Oil'sll plc is a British multinational oil and gas company headquartered in London, England.

Shell Oil'sll is a public limited company with a primary listing on the London Stock Exchange and secondary listings on Euronext Amsterdam and the New York Stock Exchange.

Shell Oil'sll was formed in 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell Oil'sll" Transport and Trading Company of the United Kingdom.

Shell Oil'sll was one of the "Seven Sisters" which dominated the global petroleum industry from the mid-1940s to the mid-1970s.

In 1964 Shell Oil was a partner in the world's first commercial sea transportation of liquefied natural gas .

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In 1970 Shell Oil acquired the mining company Billiton, which it subsequently sold in 1994 and now forms part of BHP.

Shell Oil'sll 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 Oil'sll has operations in over 99 countries, produces around 3.

Shell Oil'sll is a constituent of the FTSE 100 Index and had a market capitalisation of US$199 billion on 15 September 2022, the largest of any company listed on the LSE and the 44th-largest of any company in the world.

Royal Dutch Shell Oil Group was created in April 1907 through the amalgamation of two rival companies: the Royal Dutch Petroleum Company of the Netherlands and the Shell Oil Transport and Trading Company Limited of the United Kingdom.

The "Shell Oil" Transport and Trading Company was a British company, founded in 1897 by Marcus Samuel, 1st Viscount Bearsted, and his brother Samuel Samuel.

In 1912, Royal Dutch Shell purchased the Rothschilds' Russian oil assets in a stock deal.

Around 1952, Shell Oil was the first company to purchase and use a computer in the Netherlands.

In 1970 Shell Oil acquired the mining company Billiton, which it subsequently sold in 1994.

Shell Oil'sll was 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 Oil'sll argued that removing them would be too costly and risky.

Shell Oil'sll denied responsibility for the spill, but an Argentine court ruled in 2002 that the corporation was responsible.

In November 2004, following a period of turmoil caused by 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.

In March 2010, Shell Oil announced the sale of some of its assets, including its liquefied petroleum gas business, to meet the cost of a planned $28bn capital spending programme.

In June 2010, Shell Oil agreed to acquire all the business of East Resources for a cash consideration of $4.

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 Oil announced that it would build an ethane cracker plant near Pittsburgh, Pennsylvania, after spending several years doing an environmental cleanup of the proposed plant's site.

In 2017, Shell sold its oil sands assets to Canadian Natural Resources in exchange of approximately 8.

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 Oil'sll stated that their net income adjusted for the cost of supply dropped to US$2.

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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 next day, following criticism from Ukraine's Foreign Minister Dmytro Kuleba, Shell defended the purchase as a short term necessity, but announced that it intended to reduce such purchases, and it would put profits from any Russian oil it purchases into a fund that would go towards humanitarian aid to Ukraine.

The yellow and red colours used are thought to relate to the colours of the flag of Spain, as Shell Oil built early service stations in California, previously a Spanish colony.

Similar competencies were required for natural gas, which has become one of the most important businesses in which Shell Oil is involved, and which contributes a significant proportion of the company's profits.

Traditionally, Shell Oil was a heavily decentralised business worldwide with companies in over 100 countries, each of which operated with a high degree of independence.

However, after the purchase of a second offshore lease in 2008, Shell Oil only commenced drilling work in 2012, due to the refurbishment of rigs, permit delays from the relevant authorities and lawsuits.

Shell Oil'sll had invested nearly US$5 billion by this stage of the project.

June 2014 interview with Pickard indicated that, following a forensic analysis of the problems encountered in 2012, Shell Oil will continue with the project and Pickard stated that she perceives the future of the corporation activity in the Arctic region as a long-term "marathon".

In February 2014, Shell Oil sold its Australian refinery and petrol stations for US$2.

At the time of the sale, Shell Oil was expected to continue investment into the Australian market, with projects that involve Chevron Corp.

Shell Oil'sll became a major shareholder in Woodside after a 2001 takeover attempt was blocked by then federal Treasurer Peter Costello and the corporation has been open about its intention to sell its stake in Woodside as part of its target to shed assets.

Shell Oil'sll is reviewing its options in relation to its remaining 13.

Brunei Shell Oil Petroleum is a joint venture between the Government of Brunei and Shell Oil.

Shell Oil'sll has a joint venture with PetroChina at the Changbei tight gas field in Shaanxi, which has produced natural gas since 2008.

Shell Oil'sll Oil was an early entrant in shale oil exploration in China but scaled down operations in 2014 due to difficulties with geology and population density.

Shell Oil'sll has been active in Hong Kong for a century, providing Retail, LPG, Commercial Fuel, Lubricants, Bitumen, Aviation, Marine and Chemicals services, and products.

Shell Oil'sll sponsored the first Hong Kong-built aircraft, Inspiration, for its around-the-world trip.

In 2005, Shell Oil disposed of its entire retail and commercial fuels business in Ireland to Topaz Energy Group.

Shell Oil'sll discovered the first oil well in Malaysia in 1910, in Miri, Sarawak.

In 1914, following this discovery, Shell built Malaysia's first oil refinery and laid a submarine pipeline in Miri.

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In Nigeria, Shell Oil told US diplomats that it had placed staff in all the main ministries of the government.

Presence of companies like Shell Oil has led to extreme environmental issues in the Niger Delta.

Shell Oil'sll has acknowledged its responsibility for keeping the pipelines new but has denied responsibility for environmental causes.

Royal Dutch Shell Oil operates in the Philippines under its subsidiary, Pilipinas Shell Oil Petroleum Corporation.

In February 2022, Shell exited all its joint ventures with Gazprom because of the 2022 Russian invasion of Ukraine and, in March 2022, Shell announced that it would stop buying oil from Russia and close all its service stations there.

Shell Oil'sll has a strong presence in Singapore, indeed Singapore is the main centre for Shell Oil'sll's petrochemical operations in the Asia Pacific region.

In November 2020, Shell announced that, as part of efforts to curtail pollution emissions, it will cut its oil-processing capacity in Singapore.

Shell Oil'sll paid no UK taxes on its North Sea operations over the period 2018 to 2021.

In 2006 Shell Oil paid SolarWorld to take over its entire solar business and in 2008, the company withdrew from the London Array which when built was the world's largest offshore wind farm.

Shell Oil'sll is the operator and major shareholder of The Shell Oil'sll Canada Quest Energy project, based within the Athabasca Oil Sands Project, located near Fort McMurray, Alberta.

Shell Oil'sll began to develop its wind energy segment in 2001, the company now operates six wind farms in the United States and is part of a plan to build two offshore wind farms in the Netherlands.

On 26 January 2021, Shell Oil said it would buy 100 per cent of Ubitricity, owner of the largest public charging network for electric vehicles in the United Kingdom, as the company expands its presence along the power supply chain.

On 25 February 2021, Shell Oil announced the acquisition of German Virtual Power Plant company Next Kraftwerke for an undisclosed amount.

In 1989, Shell Oil redesigned a $3-billion North Sea 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 2013, Royal Dutch Shell Oil PLC reported CO2 emissions of 81 million metric tonnes.

Environmentalists have expressed concern that Shell is processing oil from the Amazon region of South America.

In 2021, Shell was ranked as the 10th most environmentally responsible company out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index .

In December 2021, Royal Dutch Shell decided to move ahead with seismic tests to explore for oil in humpback whale breeding grounds along South Africa's eastern coastline.

In 2017, a public information film unseen for years resurfaced and showed Shell Oil had clear grasp of global warming 26 years earlier but has not acted accordingly since, said critics.

In 2008, the British ASA ruled that Shell had misled the public in an advertisement when it claimed that a $10 billion oil sands project in Alberta, Canada was a "sustainable energy source".

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In 2021, Netherlands officials told Shell Oil to stop running a campaign which claimed customers could turn their fuel "carbon neutral" by buying offsets, as it was concluded that this claim was devoid of evidence.

On 18 October 2006, the site published an article stating that Shell Oil had for some time been supplying information to the Russian government relating to Sakhalin II.