Shell

Shell is an international energy company that provides oil, gas, and petrochemical products and services to suppliers, consumers, and governments.

Categories

Energy and Utilities  

#50

Rank

$203.32B

MarketCap GB

GB United Kingdom

Country

Summary

Royal Dutch Shell, commonly known as Shell, is a British-Dutch multinational oil and gas company. It was formed in 1907 through the merger of Royal Dutch Petroleum Company and the "Shell" Transport and Trading Company. The company is headquartered in The Hague, Netherlands, and has operations in over 70 countries.

Shell is one of the largest oil and gas companies in the world, with a major presence in the exploration, production, refining, and marketing of oil and gas. The company has significant operations in the upstream and downstream segments of the industry, and is involved in a wide range of activities, including the production of oil and natural gas, the refining of crude oil, and the marketing of oil products.

In recent years, Shell has shifted its focus to cleaner energy and has made investments in renewable energy sources such as wind, solar, and hydrogen. The company has set a target to be a net-zero emissions energy business by 2050, in line with the Paris Agreement on climate change.

Shell is publicly traded and is listed on multiple stock exchanges, including the London Stock Exchange and the Amsterdam Stock Exchange. It is widely followed by investors and analysts, and is considered one of the largest and most successful oil and gas companies in the world.


History

Shell is one of the world's leading energy companies and has a rich history that dates back to 1897. The company's origins can be traced to a small London-based company called "Shell Transport and Trading Company Ltd.," which was founded by Marcus Samuel. Samuel initially traded in seashells, but in 1892 he saw an opportunity to import kerosene from Asia to Europe, and he started to transport oil in bulk to the UK. In 1897, he formed Shell as a separate company to deal with the production and marketing of oil products. The name "Shell" was chosen because of the company's interest in selling sea shells and because it was easy to remember and to pronounce in all languages.

During the early 20th century, Shell grew rapidly and became a global company with operations in many countries. It expanded its activities beyond the UK and began producing oil in Russia, Romania, and the Dutch East Indies (now Indonesia). In 1907, Shell merged with the Royal Dutch Petroleum Company to form the Royal Dutch Shell Group. This merger allowed the company to further expand its operations, and it soon became one of the world's largest oil companies. In the 1930s, Shell continued to expand its operations and invested heavily in research and development. The company introduced new technologies for oil exploration, refining, and transportation. During World War II, Shell played a significant role in supplying fuel to the Allies, and after the war, it continued to expand and diversify its operations. By 1950, Shell had become a major player in the global oil industry, with a strong presence in Europe, Africa, the Middle East, and Asia.

Following World War II, Shell continued to expand and diversify its operations, becoming a major player in the global oil industry. In the 1950s and 1960s, the company focused on expanding its downstream operations, building refineries and expanding its retail networks. It also invested heavily in research and development, leading to the development of new technologies for oil exploration, production, and refining. In the 1970s, Shell faced challenges due to the oil crisis and geopolitical instability in many of the countries where it operated. However, the company continued to adapt and innovate, introducing new technologies for oil recovery and developing new markets.

In the 1980s and 1990s, Shell expanded its operations further, moving into new areas such as chemicals, renewable energy, and liquefied natural gas (LNG). The company also focused on improving its environmental performance and reducing its greenhouse gas emissions. In 1995, Shell merged with the British company, British Petroleum, to form BP Amoco, but the merger was short-lived, and the two companies separated in 1998. During this period, Shell faced several controversies, including environmental disasters and human rights violations. However, the company continued to grow and invest in new technologies and markets. By 2000, Shell had become one of the world's largest oil companies, with operations in more than 140 countries and a workforce of over 100,000 employees.

In the early 2000s, Shell faced a number of challenges, including declining oil reserves, falling profits, and a number of high-profile controversies. In 2004, the company was forced to revise its estimates of its oil reserves downward, leading to investigations by financial regulators and a number of lawsuits. The company also faced criticism for its environmental record, particularly in relation to its operations in Nigeria. In response, Shell launched a number of initiatives aimed at improving its environmental and social performance, including investments in renewable energy and community development projects.

In the years since, Shell has continued to adapt to changing market conditions and global challenges. The company has diversified its operations further, investing in new areas such as electric vehicle charging, biofuels, and wind energy. It has also focused on improving its environmental performance, setting ambitious targets for reducing its carbon footprint and investing in carbon capture and storage technology. More recently, Shell has faced pressure from investors and activists to accelerate its transition to a low-carbon economy, and the company has responded with a range of initiatives aimed at achieving net-zero emissions by 2050. Today, Shell remains one of the world's largest energy companies, with operations in more than 70 countries and a strong commitment to sustainability and responsible business practices.


Mission

The mission of Shell is to be a leading energy company, meeting the world's growing demand for energy in economically, environmentally, and socially responsible ways. The company aims to provide energy solutions that are affordable, reliable, and sustainable, while minimizing the impact of its operations on the environment and communities where it operates. Shell is committed to conducting its business with integrity and to promoting diversity, inclusion, and respect for human rights.

In pursuing its mission, Shell seeks to drive innovation and collaborate with stakeholders across the energy value chain, from exploration and production to refining, marketing, and distribution. The company is committed to investing in new technologies and exploring new business models that can help accelerate the transition to a low-carbon economy. At the same time, Shell recognizes the importance of meeting the world's growing demand for energy, particularly in developing countries, and remains committed to providing access to energy for all while minimizing its environmental impact.


Vision

The vision of Shell is to be a leading energy company that provides sustainable energy solutions for a rapidly changing world. The company's vision reflects its commitment to meeting the world's growing demand for energy while addressing the urgent challenge of climate change. Shell recognizes that the transition to a low-carbon economy is a complex and long-term process that requires innovation, collaboration, and a strong focus on sustainability.

As part of its vision, Shell aims to be a leader in the development and deployment of low-carbon energy technologies, including renewables, biofuels, hydrogen, and carbon capture and storage. The company also recognizes the need to improve the efficiency and sustainability of its existing operations, including reducing greenhouse gas emissions and minimizing environmental impacts. Shell's vision emphasizes the importance of collaboration and partnerships, both within the energy sector and with other stakeholders, to accelerate progress towards a more sustainable energy future. 


Key Team

Tjerk Huysinga (Exec. VP of Investor Relations)

Mr. Donny Ching (Legal Director)

Mr. Ronan Cassidy (Chief HR & Corp. Officer)

Ms. Ann Darlene Pickard BA, MA (Exec. VP of Arctic - Upstream Americas)

Ms. Wai Kiew Loh (Head of global Shell Marine Products Bus.)

Mr. Russell Ronald Caplan (Chairman of Australian Unit)

Mr. Graham van't Hoff (Exec. VP of Chemicals)


Recognition and Awards
Shell has won numerous awards and recognitions over the years for its performance and commitment to sustainability. Some of the major awards and recognitions won by Shell are: Dow Jones Sustainability Index: Shell has been included in the Dow Jones Sustainability Index (DJSI) for 23 consecutive years, making it one of the longest-running companies on the index. The DJSI is a leading benchmark for sustainability performance, assessing companies on a range of environmental, social, and governance factors. CDP: Shell has been recognized by the Carbon Disclosure Project (CDP) for its leadership in climate change disclosure and performance. The company has consistently scored high marks in the CDP's annual rankings, which assess companies' climate change strategies, emissions reduction targets, and disclosure practices. FTSE4Good: Shell has been included in the FTSE4Good Index Series, which measures the performance of companies that meet globally recognized standards of corporate responsibility. The FTSE4Good Index is widely used by investors and asset managers as a tool for identifying sustainable investment opportunities. Corporate Knights Global 100: Shell has been ranked on the Corporate Knights Global 100 list of the world's most sustainable companies. The list is based on a range of environmental, social, and governance indicators, and is widely regarded as one of the most rigorous sustainability rankings. World Economic Forum: Shell has been recognized by the World Economic Forum for its leadership in addressing climate change and promoting sustainable energy. The company has been a regular participant in the Forum's initiatives and events related to sustainable development and energy transition.

Products and Services

Shell is a multinational energy company that offers a wide range of products and services across the energy value chain. The following are some of the main products and services offered by Shell:

Upstream: Shell is involved in the exploration, production, and development of oil and gas resources. The company operates in many of the world's major oil and gas producing regions, including the Middle East, North America, and the Asia Pacific. In addition to conventional oil and gas, Shell also has a significant presence in unconventional resources, such as shale gas and tight oil.

Downstream: Shell operates a global network of refineries, petrochemical plants, and retail outlets, providing a range of downstream products and services. This includes the production and distribution of fuels, lubricants, and chemicals, as well as the operation of retail service stations, where customers can purchase fuel, convenience store items, and car wash services.

New Energies: In recent years, Shell has been investing in new energy technologies and services, including renewable energy, biofuels, and electric vehicle charging. The company has set ambitious targets for developing and deploying these technologies, with the aim of becoming a leading provider of low-carbon energy solutions. Shell also offers a range of energy services, such as energy efficiency consulting and energy management solutions for industrial customers.

In addition to these core products and services, Shell is also involved in a range of other activities, such as shipping and trading, which support its broader energy operations. 


References
Shell
Leadership team

Ms. Sinead Gorman (CFO & Director)

Mr. Harry Brekelmans (Projects & Technology Director)

Industries

Energy and Utilities

Products/ Services
Energy
Number of Employees
Above 50,000
Headquarters
London, England, United Kingdom
Established
1907
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001306965
Net Income
Above - 20B
Revenue
Above - 1B
Traded as
SHEL

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Sat Mar 02 2024
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