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On 30 April , Royal Dutch 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 pandemic.
The presence of companies like Shell in the Niger-Delta has led to extreme environmental issues in the Niger Delta.
Many pipelines in the Niger-Delta owned by Shell are old and corroded. Shell has acknowledged its responsibility for keeping the pipelines new but has also denied responsibility for environmental causes.
It has also led to action plans to boycott Shell by environmental groups, and human rights groups. On 15 January , off the Argentinian town of Magdalena, Buenos Aires , the Shell tanker Estrella Pampeana collided with a German freighter , emptying its contents into the lake, polluting the environment, drinkable water, plants and animals.
Shell joined the Global Climate Coalition of businesses opposed to greenhouse gas emission regulation.
Shell is known to be processing oil from the Amazon region of South America, a large concern for environmentalists trying to protect the area.
In , a public information film "Climate of Concern" unseen for years resurfaced and showed Shell had clear grasp of global warming 26 years earlier but has not acted accordingly since, said critics.
On 4 August , the board of directors announced the appointment of Jorma Ollila , chairman and CEO of Nokia at the time, to succeed Aad Jacobs as the company's non-executive chairman on 1 June Ollila is the first Shell chairman to be neither Dutch nor British.
The Board of directors as of 16 May was as follows: . When collecting seashell specimens in the Caspian Sea area in , the younger Samuel realised there was potential in exporting lamp oil from the region and commissioned the world's first purpose-built oil tanker , the Murex Latin for a type of snail shell , to enter this market; by the company had a fleet.
Although for several decades the company had a refinery at Shell Haven on the Thames, there is no evidence of this having provided the name.
The Shell logo is one of the most familiar commercial symbols in the world. This logo is known as the " pecten " after the sea shell Pecten maximus the giant scallop , on which its design is based.
The yellow and red colours used are thought  to relate to the colours of the flag of Spain , as Shell built early service stations in California , previously a Spanish colony.
The current revision of the logo was designed by Raymond Loewy in Shell is organised into four major business groupings: .
Shell's primary business is the management of a vertically integrated oil company. The development of technical and commercial expertise in all stages of this vertical integration, from the initial search for oil exploration through its harvesting production , transportation, refining and finally trading and marketing established the core competencies on which the company was founded.
Similar competencies were required for natural gas, which has become one of the most important businesses in which Shell is involved, and which contributes a significant proportion of the company's profits.
While the vertically integrated business model provided significant economies of scale and barriers to entry , each business now seeks to be a self-supporting unit without subsidies from other parts of the company.
Traditionally, Shell was a heavily decentralised business worldwide especially in the downstream with companies in over countries, each of which operated with a high degree of independence.
The upstream tended to be far more centralised with much of the technical and financial direction coming from the central offices in The Hague.
The upstream oil sector is also commonly known as the "exploration and production" sector. Downstream operations, which now also includes the chemicals business, generates the majority of Shell's profits worldwide and is known for its global network of more than 40, petrol stations and its various oil refineries.
Shell began drilling for oil in Africa during the s. Shell began production in Nigeria in In Nigeria , Shell told US diplomats that it had placed staff in all the main ministries of the government.
In April , Shell announced its intention to divest from downstream business of all African countries except South Africa and Egypt to Vitol and "Helios".
Shell denied rumours of the sellout. In June , the company announced a strategic review of its operations in Nigeria, hinting that assets could be divested.
In August , the company disclosed it was in the process of finalizing the sale of its interests in four Nigerian oil fields.
The company has upstream operations in unconventional oil and gas in China. Shell has a joint venture with PetroChina at the Changbei tight gas field in Shaanxi , which has produced natural gas since The company has also invested in exploring for shale oil in Sichuan.
The company was an early entrant in shale oil exploration in China but scaled down operations in due to difficulties with geology and population density.
Shell also sponsored the first Hong Kong-built aircraft, Inspiration', for its around-the-world trip.
Shell discovered the first oil well in Malaysia in , in Miri , Sarawak. Today the oil well is a state monument known as the Grand Old Lady.
In , following this discovery, Shell built Malaysia's first oil refinery and laid a submarine pipeline in Miri.
Its headquarters is in Makati City and it has facilities in the Pandacan oil depot and other key locations. In January , the Bureau of Customs claimed 7.
Shell has a strong presence in Singapore , indeed Singapore is the main centre for Shell's petrochemical operations in Asia Pacific region.
Shell India has inaugurated its new lubricants laboratory at its Technology Centre in Bangalore. Shell first started trading in Ireland in Its headquarters are on Leeson Street in Dublin.
It was acquired in May In Shell disposed of its entire retail and commercial fuels business in Ireland to Topaz Energy Group.
This included depots, company-owned petrol stations and supply agreements stations throughout the island of Ireland. The Topaz fuel network was subsequently acquired in by Couchetard  and these stations began re-branding to Circle K in On 27 August , Royal Dutch Shell and Reitan Group , the owner of the 7-Eleven brand in Scandinavia, announced an agreement to re-brand some service stations across Norway, Sweden, Finland and Denmark, subject to obtaining regulatory approvals under the different competition laws in each country.
In the UK sector of the North Sea Shell employs around 4, staff in Scotland as well as an additional 1, service contractors: however in August it announced it was laying off of them, mainly in Aberdeen.
Through most of Shell's early history, the Shell Oil Company business in the United States was substantially independent. Its stock was traded on the NYSE , and the group's central office had little direct involvement in running the operation.
On 20 May , Royal Dutch Shell's final investment decision for the world's first floating liquefied natural gas FLNG facility was finalized following the discovery of the remote offshore Prelude field—located off Australia's northwestern coast and estimated to contain about 3 trillion cubic feet of natural gas equivalent reserves—in FLNG technology is based on liquefied natural gas LNG developments that were pioneered in the midth century and facilitates the exploitation of untapped natural gas reserves located in remote areas, often too small to extract any other way.
Following the decision by the Royal Dutch Shell fuel corporation to close its Geelong , Australia refinery in April , a third consecutive annual loss was recorded for Shell's Australian refining and fuel marketing assets.
At the time of the sale, Royal Dutch Shell was expected to continue investment into the Australian market, with projects that involve Chevron Corp.
Shell sold 9. Shell became a major shareholder in Woodside after a 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.
At a general body meeting, held on 1 August , 72 percent of shareholders voted to approve the buy-back, short of the 75 percent vote that was required for approval.
A statement from Shell read: "Royal Dutch Shell acknowledges the outcome of Woodside Petroleum Limited's shareholders' negative vote on the selective buy-back proposal.
Shell is reviewing its options in relation to its remaining In the early s Shell moved into alternative energy and there is now an embryonic " Renewables " business that has made investments in solar power , wind power , hydrogen , and forestry.
The forestry business went the way of nuclear, coal, metals and electricity generation, and was disposed of in In Shell paid SolarWorld to take over its entire solar business  and in , the company withdrew from the London Array which has become the world's largest offshore wind farm.
Shell also is involved in large-scale hydrogen projects. It was the world's first commercial-scale oil and sand carbon capture storage CCS project.
In October it bought Europe's biggest vehicle charging network "NewMotion" . Shell began to develop its wind energy segment in , 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.
In December , the company announced plans to buy UK household energy and broadband provider First Utility. In February , the company acquired German solar battery company Sonnen.
Further problems hampered the Arctic project after the commencement of drilling in , as Shell dealt with a series of issues that involved air permits, Coast Guard certification of a marine vessel and severe damage to essential oil-spill equipment.
Additionally, difficult weather conditions resulted in the delay of drilling during mid and the already dire situation was exacerbated by the "Kulluk" incident at the end of the year.
As the Kulluk oil rig was being towed to the American state of Washington to be serviced in preparation for the drilling season, a winter storm on 27 December caused the towing crews, as well as the rescue service, to lose control of the situation.
A two-month delay could wipe out the entire drilling season. It was unclear if Shell would recommence drilling in mid, following the "Kulluk" incident and, in February , the corporation stated that it would "pause" its closely watched drilling project off the Alaskan coast in , and will instead prepare for future exploration.
A June interview with Pickard indicated that, following a forensic analysis of the problems encountered in , Royal Dutch Shell 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 other words, don't spend the money unless you're sure you're going to have the legal environment to go forward. Don't spend the money unless you're sure you're going to have the permit.
No, I can't tell you that I'm going to have that permit until June, but we need to plan like we're going to have that permit in June.
Based upon the interview with Pickard, Shell is approaching the project as an investment that will reap energy resources with a lifespan of around 30 years.
In the s, protesters criticised the company's environmental record, particularly the possible pollution caused by the proposed disposal of the Brent Spar platform into the North Sea.
Despite support from the UK government, Shell reversed the decision under public pressure but maintained that sinking the platform would have been environmentally better.
Shell argued that removing them would be too costly and risky. Germany said that the estimated 11, tonnes of raw oil and toxins remaining in the rigs would eventually seep into the sea, and called it a 'ticking timebomb'.
As a result of the scandal, the corporate structure was simplified. Two classes of ordinary shares, identical but for the tax treatment of dividends, were issued for the company.
A number of incidents over the years led to criticism of Shell's health and safety record, including repeated warnings by the UK Health and Safety Executive about the poor state of the company's North Sea platforms.
In the beginning of , several human rights groups brought cases to hold Shell accountable for alleged human rights violations in Nigeria, including summary execution, crimes against humanity, torture, inhumane treatment and arbitrary arrest and detention.
In particular, Shell stood accused of collaborating in the execution of Ken Saro-Wiwa and eight other leaders of the Ogoni tribe of southern Nigeria, who were hanged in by Nigeria's then military rulers.
In , Shell was the subject of an Amnesty International report into the deterioration of human rights as a consequence of Shell's activities in the Niger Delta.
In particular, Amnesty criticised the continuation of gas flaring and Shell's slow response to oil spills.
In , a leaked cable revealed that Shell claims to have inserted staff into all the main ministries of the Nigerian government and know "everything that was being done in those ministries", according to Shell's top executive in Nigeria.
The same executive also boasted that the Nigerian government had forgotten about the extent of Shell's infiltration. At the protest, Phil Radford of Greenpeace called for "President Obama [to] ban all offshore oil drilling and call for an end to the use of oil in our cars by On 16 March , 52 Greenpeace activists from five different countries boarded Fennica and Nordica , multipurpose icebreakers chartered to support Shell's drilling rigs near Alaska.
Greenpeace's " Save the Arctic " campaign aims to prevent oil drilling and industrial fishing in the Arctic by declaring the uninhabited area around the North Pole a global sanctuary.
A review was announced after the Kulluk oil rig ran aground near Kodiak Island in December In response, Shell filed lawsuits to seek injunctions from possible protests, and Benjamin Jealous of the NAACP and Radford argued that the legal action was "trampling Americans' rights.
In the video, the banners rise up automatically—activists controlled their appearance with the use of four radio car antennas—revealing the website URL, alongside an image that consists of half of a polar bear's head and half of the Shell logo.
Royal Dutch Shell then announced a "pause" in the timeline of the project in early  and, in September , the corporation announced the extension of the suspension of its drilling program in the Arctic.
A June interview with the corporation's new executive vice president of the Arctic indicated that Royal Dutch Shell will continue with its activity in the region.
In Seattle protests began in May in response to the news that the Port of Seattle made an agreement with Shell to berth rigs at the Port's Terminal 5 during the off-season of oil exploration in Alaskan waters.
On 6 May it was reported that during a coast guard inspection of Polar Pioneer , a piece of anti-pollution gear failed, resulting in fines and delay of the operation.
ConocoPhillips and Equinor formerly Statoil suspended Arctic drilling earlier, after Shell's failed attempt in Royal Dutch Shell and Italy's Eni will stand trial in Italy over allegations of corruption in the purchase of a big offshore oil field in Nigeria known as OPL Some of the most senior executives at two of the biggest companies in the world could face prison sentences for a deal that was struck under their watch.
Shell said the two cases were unrelated. In , IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman, an area that geologists believed to be rich in oil.
This led to the outbreak of Jebel Akhdar War in Oman that lasted for more than 5 years. On 5 April , Friends of the Earth Netherlands Milieudefensie together with six NGOs and more than 17, citizens, sued Shell, accusing the company of harming the climate, while knowing about global warming since From Wikipedia, the free encyclopedia.
Anglo-Dutch oil company. Shell world headquarters in Haagse Hout, The Hague. A , RDS. Royal Dutch Petroleum Co.
Charles O. Operating income. Net income. Further information: Jebel Akhdar War. Companies portal Energy portal. Royal Dutch Shell.
Retrieved 28 February Financial Times. Archived from the original on 21 October Retrieved 3 November Archived from the original on 12 July Retrieved 12 July Shell plc.
Archived from the original PDF on 3 February Retrieved 6 February Archived from the original on 23 December Retrieved 29 May Royal Dutch Shell".
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Archived from the original on 29 August Retrieved 30 August Archived from the original PDF on 30 October Retrieved 29 October Archived from the original on 24 July Archived from the original on 8 September Retrieved 13 May Archived from the original on 30 October Zacks Investment Research.
Archived from the original on 31 March Retrieved 9 April Archived from the original on 10 March Retrieved 1 January Upstream Online.
Archived from the original on 10 September Retrieved 8 September Retrieved 17 June A History of the International Chemical Industry.
Chemical Heritage Foundation. Archived from the original on 28 January Retrieved 14 November Archived from the original on 11 October Icon Books.
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Retrieved 10 June Archived from the original on 7 June Amnesty International. Archived from the original on 7 January Retrieved 26 March Radio Netherlands Worldwide.
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Archived from the original on 26 April Archived from the original on 12 April Retrieved 11 April Archived from the original on 2 November Archived from the original on 18 January Retrieved 20 June Retrieved 16 May The merchants of Antwerp will be the greatest losers, for she had in her belonging to them ,l.
The Odyssey Marine Exploration company has tried for several years to locate the wreck but has been unsuccessful thus far.
The team continued to search for the ship on the Discovery Channel television show, Treasure Quest , but were unsuccessful once again.
However the vessel had trawled for a considerable distance before hauling up its net. Nevertheless, records were kept by the vessel, and so the search area is now very considerably narrowed.
From Wikipedia, the free encyclopedia. Retrieved 8 October The Daily Telegraph. London : TMG. Retrieved 19 September BBC News.
London : BBC. Archived from the original on 15 November Hidden categories: Use dmy dates from October Use British English from October Ship infoboxes without an image Atlantic Ocean articles missing geocoordinate data All articles needing coordinates.
Namespaces Article Talk.
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