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Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of the Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. [ 7 ]
Shell USA, Inc. (formerly Shell Oil Company, Inc.) is the United States–based wholly owned subsidiary of Shell plc, a UK-based transnational corporation "oil major" which is among the largest oil companies in the world. Approximately 18,000 Shell employees are based in the U.S.
A shell corporation is a company or corporation with no significant assets or operations often formed to obtain financing before beginning business. Shell companies were primarily vehicles for lawfully hiding the identity of their beneficial owners, and this is still the defining feature of shell companies due to the loopholes in the global corporate transparency initiatives. [1]
Market manipulation schemes related to shell companies aren't new, but the industries involved are always shifting. Six Tips for Avoiding Shell Company Fraud Skip to main content
Motiva Enterprises owns and operates the Port Arthur Refinery in Port Arthur, Texas. On 25 May 2012, Motiva officially completed its expansion of the refinery to a capacity of 600,000 bbl/d (95,000 m 3 /d) making it the largest refinery in North America and the fifth largest in the world.
Shell plc is the world's second largest public petroleum company and since 20 July 2005 its senior official has been its chairman. Until their amalgamation in 2005, the Royal Dutch Petroleum Company and the Shell Transport and Trading Company had separate leaders. From 1946 to 2005, an additional office was created to oversee their group of ...
Treasury Secretary Janet Yellen announced that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a new government effort to ...
The company plans to “divest around 500 Shell-owned sites (including joint ventures) a year in 2024 and 2025." The company's plans were first reported by Bloomberg News . The closures will ...