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Shell Petroleum Inc history
Shell Petroleum Inc company history timeline
Beginning in January 1984, Royal Dutch/Shell Group launched a bid to acquire the remaining shares of Shell Oil Company.
1985: Royal Dutch/Shell Group acquires the remaining shares of Shell Oil.
In 1986 the oil price collapsed with the price of a barrel of oil falling from $31 to $10 over the winter.
Although Royal Dutch/Shell officials contended that the company was a strong anti-apartheid voice, by the end of 1988, Berkeley, California and Boston, Massachusetts had joined the fray trying to ban purchases of Shell products within city limits.
In 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.
Through 1994, Shell had incurred $240 million in expenditures on the cleanup effort.
In 1994, the activist had been arrested as part of a military program designed to protect Shell operations in that region--Shell operations accounted for 40 percent of Nigerian government revenue.
1994: Production begins at the Auger platform.
Shell's net income reached $2 billion in 1996, an increase of 33 percent over the previous year.
Shell already had two more platforms in the works, which were scheduled to begin production by 1997.
The firm also made some key partnerships in 1997 relating to production and exploration.
In June 1998, Jack E. Little took over as president and CEO of Shell after Carroll retired.
The formation of Equilon Enterprises LLC was completed in early 1998 and secured a 13 percent share of the domestic refining market, and 14.6 percent of the United States gasoline market.
In 1999, Shell Oil and its United States-based counterparts secured 22 percent of the Group's income.
In 1999, the financial strains related to the firm's expansion and low oil prices forced Shell to rethink its current strategies.
1999: Shell begins to restructure operations due to poor financial results.
In October 2000, through its affiliate Coral Energy, Shell also opened a pipeline linking natural gas between the United States and Mexico.
To boost production levels, Shell launched a hostile $1.8 billion bid in 2001 for Barrett Resources Corp., a natural gas producer.
He rose through the ranks with posts in Europe and South America, and in 2001 he was named chief financial officer (CFO) of Shell’s Global Oil Products Business.
In 2004 Royal Dutch/Shell announced that it had seriously overestimated its proven oil and gas reserves.
By the time Voser became CEO in 2009, Shell had endured six years of declining output.
In 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.
In March 2010, Shell announced the sale of some of its assets, including its liquid petroleum gas (LPG) business, to meet the cost of a planned $28bn capital spending programme.
In June 2010, Royal Dutch Shell agreed to acquire all the business of East Resources for a cash consideration of $4.7 billion.
In 2012, the company completed Pearl GTL, in Qatar, the world’s largest source of GTL products.
In 2013 he stepped down as chairman.
Over the course of 2013, the corporation began the sale of its US shale gas assets and cancelled a US$20 billion gas project that was to be constructed in the US state ofLouisiana.
In 2015 Royal Dutch Shell agreed to purchase the BG Group, a major producer of liquefied natural gas (LNG), in order to solidify its position as one of the leaders in the emerging LNG industry.
In 2015, the sound logo and orchestral score, the Sound of Shell was created, a sound that is fast becoming as recognisable as the Pecten logo for customers.
In 2015, Shell announced that it would be buying BG Group, a UK oil and gas production company.
The acquisition was completed in February 2016, expanding the company’s oil and gas portfolio.
In 2016, production started at Shell’s Stones field, the world’s deepest oil and gas project.
And in 2016, Shell created its New Energies business to focus on exploring and developing commercial opportunities in renewable energy, such as wind and solar..
Two years later Voser returned to ABB as chairman of its board of directors, and in 2019–20 he also served as CEO.
Top Stories Why invest in Shell Why invest in Shell Royal Dutch Shell plc Strategy Day Investor presentations First quarter 2021 results – April 29, 2021 Results and reporting Tools Share prices Cash dividend calculator
Our name changed from Royal Dutch Shell plc to Shell plc in January 2022.
First quarter 2022 results – May 5, 2022 Results and reporting
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Shell Petroleum Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Energy Solutions - Oil and Gas | 1976 | $15.3M | 20 | 74 |
| General Atomics | 1955 | $2.8B | 15,000 | 1,015 |
| Northern States Power Company | 2000 | $100.0M | 125 | - |
| California ISO | 1997 | $390,000 | 7 | 25 |
| Wisconsin Electric Power Company | 1896 | $4.0B | 2,409 | - |
| Duquesne Light Company | 1989 | $860.0M | 1,200 | 33 |
| Helix Energy Solutions Group | 1980 | $1.4B | 2,531 | - |
| Marathon Oil | 1887 | $6.7B | 1,672 | - |
| California Resources | 2014 | $3.2B | 1,000 | 1 |
| Eni | 1953 | $47.1B | 31,495 | - |
Shell Petroleum Inc history FAQs
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Shell Petroleum Inc may also be known as or be related to SHELL PETROLEUM INC., Shell Petroleum and Shell Petroleum Inc.