ROYAL DUTCH SHELL Overview
Company Headquarters: The Hague, The Netherlands
Founded: 1907
Workforce: 82,000
Company Working: Royal Dutch Shell (Royal Dutch) is an international energy company operating through three business segments, namely integrated gas, upstream, and downstream. The integrated gas segment manages the liquefied natural gas (LNG) activities and the production of gas-to-liquids fuels and other products. The upstream segment is engaged in the exploration and extraction of crude oil, natural gas, and natural gas liquids, while the downstream segments manages different oil products and chemicals activities, which is a part of an integrated value chain that trades and refines crude oil and other feedstocks into a range of products which are moved and marketed around the world for domestic, industrial, and transport use. The downstream segment also manages oil sands activities.
The company’s product portfolio includes gasoline, diesel, heating oil, aviation fuel, marine fuel, biofuel, lubricants, bitumen, and sulfur. Additionally, it also produces and sells petrochemicals worldwide. It has operations in more than 70 countries across the globe. It has interests in 21 refineries worldwide with the capacity to process a total of 2.8 million barrels of crude oil per day. It provides refrigeration oil for the marine industry under its marine lubricants product profile. It operates four base oil manufacturing plants, 31 lubricant blending plants, nine grease plants, and three gas-to-liquid base oil storage hubs. It has total 10,325 patents, including granted and pending. Its main technology centers are located in India, the Netherlands, and the US, with other centers in Brazil, China, Germany, Oman, and Qatar. It held assets worth USD 399,194 million in 2018.
Strategy
Shell strategizes to strengthen its position in the global market through enhancing exploration and productivity activities in the oil & gas industry. For instance, in April 2019, the company announced the discovery of Blacktip in the US Gulf of Mexico to boost the production of oil and gas. The company focuses on the reduction of carbon emissions through technological advancements in its products and services. For instance, in April 2019, it invested USD 300 million for a program that addresses CO2 emissions over the next three years. It also focuses on expanding its geographic presence and improving its operational efficiency. Furthermore, the company also invests in research & development to diversify its product portfolio to increase the applications of its pipelines further.
