Royal Dutch Shell
The Royal Dutch Shell Group of companies was founded in February 1907 when the Royal Dutch Petroleum Company and the “Shell” Transport and Trading Company Ltd. of the United Kingdom merged their operations. The Group, commonly known as Royal Dutch Shell plc, or simply as Shell, is a multinational oil company. The company’s headquarters are in The Hague, Netherlands, with its registered office in London.
Shell is the cond largest private ctor energy corporation in the world. In 2008 Forbes Global 2000 ranked Shell the sixth largest company in the world. Also in 2008, Fortune magazine ranked Shell as the third-largest corporation in the world, behind Wal-Mart and ExxonMobil.
Shell has a workforce of 104 000 employees in over 110 countries and territories worldwide. Its Shell Oil Company subsidiary in the United States, which is headquartered in Houston, Texas, is one of Shell’s largest business. Other subsidiaries of the company include Shell Nigeria and Shell Canada, etc.
With its business strategy and priorities for the future “more upstream and profitable downstream”, Royal Dutch Shell’s business consists of the upstream business of Exploration & Production, Gas & Power; and the downstream business of Oil Products, Chemicals and Oil Sands. The objectives of the company are to engage efficiently, responsibly and profitably in oil, oil products, gas, chemicals and other lected business, and to participate in the arch for and development of other sources of energy. Nevertheless, Shell plays a key role in helping to meet the world’s growing demand for energy in economically, environmentally and socially responsible ways.
The company’s core values are “honesty, integrity and respect for people”, which have formed the basis of Shell’s General Business Principles for 30 years and remain as important as ever.
The Logo “Shell” with the distinctive red and yellow colours has identified the Shell brand and promoted the corporate reputation. The symbols have stood not only for the quality of the products and rvices, but also as very visible reprentations of profession
alism and values in all of the business activities of the company around the world. (345 words)
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is bad on a mix of four metrics: Sales, Profit, Asts and Market value. The list has been published since 2003.
The Forbes Global 2000 is a uful indicator of which are the leading public companies in the world, but it is only an interpretation, as only public companies are listed. The results are not definitive; any change to the criteria would produce a different list.
QUESTIONS:
1. When was the Royal Dutch Shell established?
In February 1907.
2. What are the two companies from which the Royal Dutch Shell was established?
The Royal Dutch Petroleum Company and the “Shell” Transport and Trading Company Ltd. of the United Kingdom.
3. What is Shell’s business strategy and priorities for the future?
“More upstream and profitable downstream”.
4. Can you name some of its business?
Its upstream business are Exploration & Production, Gas & Power, and its downstream business are Oil Products, Chemicals and Oil Sands.
5. What role does Shell play in the world?
Shell plays a key role in helping to meet the world’s growing demand for energy.
6. What are the company’s core values?
The core values of the company are “honesty, integrity and respect for people”.
