A brief history of the development of Royal Shell Oil

The Royal Dutch/Shell Group was founded in 1907. It is a multinational oil company group formed by Royal Dutch Petroleum Company and Shell Transport and Trading Co., Ltd.

The company group is headquartered in The Hague, Netherlands and London, UK. The current chairman is C.A.J. Herketroter. Shell Transport and Trading Co., Ltd. (UK) was formally established in 1897. Previously, the company established storage and transportation points in various sales centers in the Far East and signed a long-term oil purchase contract with the Rothschild Group. Royal Dutch Petroleum Company (Netherlands) was founded in 1890 as a small company in the Dutch East Indies. In order to compete with Shell Transport and Trading Company, the company also established its own fleet and sales network.

In 1903, after several years of negotiations, the two companies finally reached an agreement and formed the Asia Oil Company together with the Rothschild Group (which later withdrew) to unite their respective sales networks in the Far East, but The two companies will still operate independently in other aspects of their business.

In 1907, the Shell Transport and Trading Company encountered serious difficulties in its business activities and was forced to agree to merge with the Royal Dutch Petroleum Company and accepted the condition that it hold 40% of the shares in the group, officially The Royal Dutch/Shell Group of Companies is formed.

From 1910 to 1915, the company group successively found oil and put it into production in British Borneo, Mexico, and Venezuela. At the same time, it purchased some oil fields from Romania, Russia, Egypt, and Trinidad and established He established a sales business network and purchased 25% of the shares of the Turkish Petroleum Company (later the Iraqi Petroleum Company) in the Middle East. During this period, the company group successively established Roxana Petroleum Co. and California Shell Company in the United States. By 1920, the group's oil storage points and sales network expanded to many countries and regions around the world.

In 1915, Shell Group’s first refinery in the United States was put into operation.

Shell Canada (SheII Canada) was established in Canada in 1925.

When the Middle East Iraqi Oil Company was established in 1929, the Shell Group participated in 23.75% of the company's shares. At the same time, the group's business areas have gradually expanded from the upstream petroleum business to the refining and chemical industries, and have built refineries and chemical plants in many countries around the world. Mekog Company was established in the Netherlands in 1928, using coke oven gas to produce nitrogen fertilizer. This was the Shell Group's first investment in the chemical industry. Established in 1929 by Shell Chemical Company in the United States, it uses natural gas to produce nitrogen fertilizer.

By 1938, the Shell Group's annual crude oil production had reached 27.5 million tons, an increase of 34.8 times compared with 1920, accounting for about 10% of the world's crude oil production that year. Since the 1940s, the Royal Dutch/Shell Group has built large-scale refineries in major oil-consuming regions around the world and actively expanded sales outlets. At the same time, it continues to search for new oil and gas resources, and its business has experienced unprecedented development.

In 1954, Royal Dutch Petroleum Company was listed on the New York Stock Exchange.

In 1959, the company group discovered the world's largest natural gas field in Groningen, the Netherlands; in 1962, it discovered oil with commercial extraction value in Oman; in 1966, it discovered the Liman natural gas field in the northern North Sea (Shell (accounting for 50% of the shares); in 1970, a large oil field was discovered in the northern North Sea; a large offshore gas field was discovered on the northwest continental shelf of Australia.

Shell International Natural Gas Company was established in 1969.

In 1974, Shell Coal International Co., Ltd. was established.

Shell International Trading Company was established in 1975 to conduct oil trade with Shell companies and third parties.

Large-scale LNG transportation from Brunei to Japan was realized for the first time in 1973. In 1983, LNG shipping from Malaysia to Japan began. In 1989, LNG shipping from Australia to Japan also began operations.

In 1989, the company group built a 1,615-foot-high drilling platform in the Gulf of Mexico at a depth of 1,350 feet; in 1991, Shell Oil Company used satellite detection to discover a Potentially large oil reservoirs.

In the 21st century, Royal Dutch/Shell Group has become the world's largest multinational oil company.