Shell plc: Difference between revisions

Revision as of 18:41, 22 May 2003

Revision as of 08:25, 6 August 2003

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Shell Oil, properly named '''Royal Dutch/Shell''', was founded in 1890 by [[Jean Kessler]], along with Henri Deterding and Hugo Loudon, when a Royal charter was granted by the Queen of the Netherlands to a small oil exploration company known as "Royal Dutch." To compete against the giant American oil company, [[Standard Oil]], in [[1907]] Royal Dutch merged with The "Shell" Transport and Trading Company, p.l.c. of the UK. [[ADR]]s are traded on the [[New York Stock Exchange]] under RD (Royal Dutch) and SC (Shell).

One of the original [[Seven Sisters (oil companies)|Seven Sisters]], Royal Dutch/Shell is the world’s largest petrochemicals company and the world's second largest oil company. Shell has five core businesses: Exploration and Production, Oil Products, Downstream Gas and Power, Chemicals and Renewables, and operates in more than 140 countries across the world.

These companies are headed by the Royal Dutch Petroleum Company of the [[Netherlands]] and The "Shell" Transport and Trading Company, p.l.c. of the [[United Kingdom]]. These two companies hold all other subsidiary companies. The Shell interest in subsidiaries is always divided 60/40 in favor of Royal Dutch. In many cases, subsidiary companies are held in partnership with other, be these governments or others.