[Wcsa - Wowtimes - Almanac Events & Achievements 2023] Impressive milestones in 116 years of development of Shell plc, the second largest private energy group in the world (1907)

04-02-2023

(worldmark.world) Shell plc (formerly known as Royal Dutch Shell plc) is a British multinational oil and gas company. It is the second largest private energy corporation in the world. The company's headquarters is located at the Shell Center in London.

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

The main business of the company is exploration, production, processing, transportation and trading of hydrocarbons. Shell is also significantly involved in the petrochemicals and renewable energy sectors with the provision of wind, hydrogen and solar renewable energy services. Shell is a UK affiliated company with headquarters in The Hague, tax collection in the Netherlands, listed on the London Stock Exchange and Euronext Amsterdam.

Forbes Global 2000 in 2009 ranked Shell as the second largest company in the world, after General Electric. In 2007, Fortune magazine ranked Shell as the third largest corporation globally after Wal-Mart and ExxonMobil.

 

Company milestones:

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

During World War I: Shell became the main fuel supplier of the British army and also offered all of its ships to the British Admiralty, including the Murex.

1919: Shell took control of the Mexican Eagle Petroleum Company and in 1921 forms Shell-Mex Limited, marketing products under the "Shell" and "Eagle" brands in the United Kingdom.

1929: The company founded Shell Chemicals to advance the refinement of chemicals from oil.

1931: Shell Mex House was completed in 1931, and was the head office for Shell's marketing activity worldwide.

1932: Shell-Mex merged its UK marketing operations with those of BP to create Shell-Mex & BP.

 

1947: The first commercially viable offshore well was drilled in the Gulf of Mexico and within 8 years the company had over 300 such wells.

Around 1952: Shell was the first company to purchase and use a computer in the Netherlands. The computer, a Ferranti Mark 1*, was assembled and used at the Shell laboratory in Amsterdam.

Since 1958: The company began commercial oil production in Nigeria.

1960s: Shell began strengthening its presence in the Middle East, discovering oil in Yibal, Oman’s most prolific field.

1964: Shell was a partner in the first sea transportation of liquefied natural gas (LNG) in 1964 – from the Algeria to the UK – opening up a whole new market for the business.

Early 1970s: Shell began to diversify, in particular into coal, nuclear power and metals.

In the 1980s: Shell began to grow through acquisitions.

 

1993: Shell opened the world’s first commercial GTL plant in Bintulu, Malaysia, a pioneering step that set the stage for the increasing role this fuel would play over the next decade.

2002: Shell acquired Pennzoil-Quaker State for $22 USD per share, or about $1.8 billion USD. Through its acquisition of Pennzoil, Shell became a descendant of Standard Oil and inherited multiple auto part brands including Jiffy Lube, Rain-X, and Fix-a-Flat.

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.

2012: The company completed Pearl GTL, in Qatar, the world’s largest source of GTL products.

2016: Production started at Shell’s Stones field, the world’s deepest oil and gas project. In the same year, Shell created its New Energies business to focus on exploring and developing commercial opportunities in renewable energy, such as wind and solar.

 

According to Wikipedia & shell.com


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