Shell plc
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue, and among the world's largest companies out of any industry. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015.
Some of the key events about Shell plc
- 1895The company began oil exploration in Borneo, leading to environmental concerns and displacement of indigenous peoples
- 1907Merged Royal Dutch Petroleum Company and "Shell" Transport and Trading Company to form Royal Dutch Shell
- 1929Introduced the iconic scallop shell logo, still used today
- 1936Shell collaborated with Nazi Germany, supplying fuel to the regime
- 1947Drilled the first commercially successful offshore oil well in the Gulf of Mexico
- 1959Launched the first commercial methane carrier ship, revolutionizing liquefied natural gas transport
- 1970A major oil spill occurred in the Niger Delta, causing significant environmental damage
- 1976Established the Shell Foundation to address global development and environmental challenges
- 1995Shell faced international criticism for its involvement in human rights abuses in Nigeria
- 1997Committed to voluntary reductions in greenhouse gas emissions, becoming an industry leader in climate action
- 2000Acquired Fletcher Challenge Energy, significantly expanding operations in New Zealand and Brunei
- 2004The company was forced to restate its oil reserves, leading to a major scandal and fines
- 2009Shell agreed to pay $15.5 million to settle a lawsuit over human rights abuses in Nigeria
- 2011A major oil spill occurred in the North Sea from a Shell pipeline
- 2013Shell was criticized for its plans to drill for oil in the Arctic, raising environmental concerns
- 2015The company abandoned its Arctic drilling program after spending $7 billion with little success
- 2016Created NewMotion, one of Europe's largest electric vehicle charging networks
- 2018Announced plans to reduce carbon footprint by 20% by 2035 and by 50% by 2050
- 2021Unveiled strategy to become a net-zero emissions energy business by 2050
- 2021A Dutch court ordered Shell to cut its carbon emissions by 45% by 2030, in a landmark climate change ruling
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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