Shell plc

History

YearDetail
1897 Marcus and Samuel renamed their company the Shell Transport and Trading Company and launched their first refinery at Balik Papan in Dutch Borneo. 
1901 Shell Transport and Trading Company won the transport and distribution rights when oil was first found in Texas.
1907 Merged Shell Transport and Trading Company with Royal Dutch and formed the Royal Dutch Shell Group.
1929 Founded Shell Chemicals to advance the refinement of chemicals from oil.
1947 Royal Dutch Shell Group was drilled in the Gulf of Mexico, which was the first commercially viable offshore well.
1960s The company started strengthening its presence in the Middle East, discovering oil in Yibal, Oman’s most prolific field. 
1993 Shell opened the world’s first commercial GTL plant in Bintulu, Malaysia.
2005 Royal Dutch Petroleum and Shell Transport and Trading was dissolved.
2012 Shell completed Pearl Gas-to-Liquids fuels (GTL), which is the world’s largest source of GTL products in Qatar.
2015 Shell acquired BG Group, a U.K. oil and gas production company.
2016 Shell created its New Energies business to focus on exploring and developing commercial opportunities in renewable energy, such as wind and solar.
2026 Shell plc has entered into a definitive agreement to acquire ARC Resources Ltd., an energy company focused on the Montney shale basin in British Columbia and Alberta in Canada. This acquisition aims to accelarate the Shell’s production CAGR from 1% as outlined at its 2025 Capital Market’s Day to 4%, compared to 2025, and supports Shell’s aim to sustain material liquids production of ~1.4 million barrels per day towards 2030 and beyond.
AI Sentiment