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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 Oil Company was a 50/50 partner with the Saudi Arabian government-owned oil company Saudi Aramco in Motiva Enterprises, a refining and marketing joint venture which owns and operates three oil refineries on the Gulf Coast of the United States. However, Shell is currently divesting its interest in Motiva. [10]
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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.
A SPAC is a business with no hard assets or sales — but lots of cash to acquire another company or companies to be named later, after investors have already put down millions of dollars. Niron ...
Late yesterday, Royal Dutch Shell PLC (NYSE: RDS-A) said that it plans to "reassess the development plan" for its joint venture with the U.K. division of Exxon Mobil Corp. (NYSE: XOM) for the Fram ...
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]
Shell’s revenues soared more than 41% to $386 billion in 2022, the highest in Europe. The oil and gas giant also took the mantle of Fortune 500 Europe’s most profitable company, after chalking ...