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Shell plc

British multinational oil and gas company
Shell plc

Shell plc, formed in 1907, is one of the largest oil and gas companies globally. It operates in over 99 countries, with diverse operations including exploration, refining, and marketing. As of 2019, Shell had total proved reserves of 11.1 billion barrels of oil equivalent. It is a constituent of the FTSE 100 Index and had a market capitalisation of US$199 billion in 2022.

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Timeline

1907-04
Formation of Shell plc through merger
In April 1907, Shell plc was created through the merger of Royal Dutch Petroleum Company of the Netherlands and The 'Shell' Transport and Trading Company of the United Kingdom. This move was driven by the need to compete globally with Standard Oil.
1910
First Oil Well Discovery in Borneo by Shell
In 1910, Shell discovered the first oil well in Borneo, located in Miri, Sarawak, which led to the establishment of the oil industry in the region.
1912
Purchase of Rothschilds' Russian oil assets
In 1912, Royal Dutch Shell purchased the Rothschilds' Russian oil assets in a stock deal. This acquisition expanded Shell's global production portfolio and market presence.
1919
Control of Mexican Eagle Petroleum Company
In 1919, Shell took control of the Mexican Eagle Petroleum Company, further strengthening its position in the oil and gas industry. This strategic move enhanced Shell's presence in the Mexican market.
1929
Shell enters the chemicals industry
In 1929, Shell made its entry into the chemicals industry. This diversification marked a significant expansion of Shell's business operations beyond oil and gas.
1931
Completion of Shell Mex House in London
Shell Mex House, completed in 1931, served as the head office for Shell's marketing activities worldwide. It was located on the north bank of the River Thames in London.
1932
Merger of Shell-Mex and BP
In response to the Great Depression, Shell-Mex merged its UK marketing operations with BP to create Shell-Mex & BP in 1932. The company traded until the brands separated in 1975.
1940
Head office relocation of Dutch companies to Curaçao
After the invasion of the Netherlands by Nazi Germany in 1940, the head office of Dutch companies, including Shell, was moved to Curaçao.
1945
Bombing of Shell's Danish headquarters in Copenhagen
In 1945, Shell's Danish headquarters in Copenhagen, being used by the Gestapo, was bombed by the Royal Air Force De Havilland Mosquitoes in Operation Carthage.
1952
IPC's oil concession agreement with the Sultan of Muscat
In 1952, the Iraq Petroleum Company (IPC), partially owned by Royal Dutch Shell plc, signed an oil concession agreement with the Sultan of Muscat.
1954
Outbreak of the Jebel Akhdar War in Oman
The 1954 outbreak of the Jebel Akhdar War in Oman was a result of IPC's financial support to raise an armed force to assist the Sultan in occupying the interior region believed to be rich in oil.
1958
Shell begins production in Nigeria
Shell started its production activities in Nigeria in the year 1958.
1964
Partner in first commercial sea transportation of LNG
In 1964, Shell became a partner in the world's first commercial sea transportation of liquefied natural gas (LNG). This marked a milestone in the global energy transportation industry.
1970
Acquisition of mining company Billiton
In 1970, Shell acquired the mining company Billiton, which it later sold in 1994. This acquisition diversified Shell's portfolio and expanded its presence in the mining sector.
1984
Shell buys out Shell Oil Company in the United States
In 1984, Shell completed the buyout of Shell Oil Company in the United States for $5.7 billion.
1989
Redesign of Natural Gas Platform in North Sea
Shell redesigned a $3-billion natural gas platform in the North Sea in 1989, raising its height to accommodate an anticipated sea level rise due to global warming.
1999-01-15
Shell tanker collision off the coast of Argentina
On January 15, 1999, the Shell tanker Estrella pampeana collided with a German cargo ship off the Argentinian town of Magdalena, resulting in an environmental disaster.
2002-09-02
Shell Chairman Philip Watts accepted the 'Greenwash Lifetime Achievement Award'
On September 2, 2002, Shell Chairman Philip Watts accepted the 'Greenwash Lifetime Achievement Award' from the Greenwash Academy's Oscar Green near the World Summit on Sustainable Development.
2005-08-04
Jorma Ollila appointed as Shell's non-executive chairman
On August 4, 2005, 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 June 1, 2006. Ollila became the first Shell chairman who was neither Dutch nor British.
2006
Shell purchased the 'Kulluk' oil rig and leased the Noble Discoverer drillship
In 2006, Shell acquired the 'Kulluk' oil rig and leased the Noble Discoverer drillship for its Arctic drilling project.
2007-08-27
Shell agreement with Reitan Group in Nordic countries
On 27 August 2007, Shell and Reitan Group agreed to re-brand service stations across Norway, Sweden, Finland, and Denmark.
2008
Shell purchased a second offshore lease
In 2008, Shell bought another offshore lease for its Arctic drilling project.
2010-01
Bureau of Customs claim against Pilipinas Shell in the Philippines
In January 2010, the Bureau of Customs claimed unpaid excise taxes against Pilipinas Shell in the Philippines.
2010-04
Shell's operations in Finland and Sweden sold to St1
In April 2010, Shell announced the sale of its gas stations and heavy vehicle fuel supply networks in Finland and Sweden to St1.
2011-05-20
Final Investment Decision for Prelude FLNG Facility
On 20 May 2011, Shell made the final investment decision for the world's first floating liquefied natural gas (FLNG) facility, Prelude, after discovering the Prelude field off Australia's coast in 2007.
2012-12-27
Kulluk oil rig grounded off the coast of Sitkalidak Island
On December 27, 2012, the Kulluk oil rig was grounded off the coast of Sitkalidak Island due to a winter storm.
2014-01-03
Ben van Beurden becomes CEO of Shell
Since January 3, 2014, Ben van Beurden has been serving as the CEO of Shell, taking over from his predecessor Peter Voser who assumed the role on July 1, 2009.
2015-05-06
Coast Guard Inspection Failure on Polar Pioneer
During a coast guard inspection on 6 May 2015, a piece of anti-pollution equipment on Shell's Arctic drilling vessel, Polar Pioneer, failed, leading to fines and operational delays.
2016-08
Pilipinas Shell files application for IPO in the Philippines
In August 2016, Pilipinas Shell filed an application to sell shares to the public in the Philippines.
2017
Sale of Non-Compliant Foreign Fuel by Shell
In 2017, Shell sold non-compliant foreign fuel to consumers.
2021-01-29
Dutch court rules Shell responsible for oil leaks in Nigeria
On 29 January 2021, a Dutch court ruled that Shell was accountable for multiple oil leaks in Nigeria.
2021-11-15
Royal Dutch Shell plc announces name change to Shell plc
On November 15, 2021, Royal Dutch Shell plc revealed plans to alter its name to Shell plc, marking a significant change in the company's branding.
End of the Timeline
Shell plc

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