Royal Dutch Shell plc
Headquartered in The Hague, the Netherlands,Royal Dutch Shell plc (NYSE:RDS.A& RDS.B[ADR]), through its subsidiaries, operates as an energy company worldwide. As the third-largest global oil player, Royal Dutch Shell's global integrated operations cover the spectrum in oil and gas. Royal Dutch Shell has 11.5 billion barrels of oil and gas reserves, daily production of 3.5 million barrels of oil equivalent, the capacity to refine 4 million barrels a day, and about 45,000 service stations. Other businesses include chemicals and liquefied natural-gas infrastructure. The Anglo-Dutch entity has restructured to stay competitive. Most of the oil giant's crude is produced in Nigeria, Oman, the UK, and the US. Royal Dutch Shell owns or has interests in about 50 refineries worldwide. The company has announced, however, that it will invest some $12 billion (in addition to the $2.6 billion already spent) in offshore projects near Dubai. Royal Dutch Shell has also pledged to infuse $600 million into its joint venture with PetroChina for the development of develop wells and to cover day-to-day operating expenses. Searching for new oil assets, in 2006 the company acquired a large swath of oil sands acreage in Alberta, Canada, and made a bid to buy the 22% of Shell Canada that it did not already own.
Operating Segments
Exploration and Production segment engages in the upstream activities of acquiring, exploring, developing, and producing oil and gas. This segment searches for and recovers oil and natural gas.
Gas and Power segment liquefies and transports natural gas. It also markets and trades natural gas and electricity, and converts natural gas to liquids to provide clean fuels.
Oil Products segment refines crude oil into various products, including fuels, lubricants, and petrochemicals; and markets the refined products for domestic, industrial, and transportation use. Chemicals segment produces and sells petrochemicals that are used in the manufacture of plastics, coatings, and detergents to industrial customers. In addition, the company develops renewable sources of energy, including wind and solar power, and hydrogen energy.
In the news
Jan 11, 2007 (AP) -- Royal Dutch Shell PLC said it would conduct a "strategic review" of some refinery assets, an indication it may sell them. The assets include three sites in Franceand the Yabucoa plant in Puerto Rico. Shell is also reviewing operations in the Dominican Republic, where it owns a 50 percent stake in the Refidomsa refinery. "The assets we're reviewing are important to their markets, and in fact a number of parties have approached us with an interest in purchasing them as going concerns," Rob Routs, head of Shell's refining arm, said in a statement.
Jan 11, 2007 /PRNewswire-FirstCall/ -- Royal Dutch Shell plc announces that today it purchased for cancellation 400,000 "A" Shares at a price of 25.68 euros per share. It further announces that it purchased for cancellation 250,000 "A" Shares at a price of 1706.40 pence per share.
Dec 21, 2006 (MarketWatch) -- Russia, thrusting itself into the lead role on the huge Sakhalin-2 oil and gas project, will halve Royal Dutch Shell and its Japanese partners' stakes in the field, paying them $7.45 billion in cash to make room for state-owned energy giant Gazprom, Shell said Thursday. Shell said in a statement that under the redefined terms of the deal Gazprom would take a 50% stake -- plus one share -- in the venture. Royal Dutch Shell'sstake will be cut to 27.5% from 55%.
Top Competitors
BP– world's second largest integrated oil concern
Exxon Mobil– world's largest integrated oil company
TOTAL – One of the world's largest integrated oil companies
Sources: Company website, Morningstar.com, Yahoo! Finance, and Hoovers.com