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93-787: The field was discovered during the drilling of the Camago-1 well in 1989, and following successful appraisal of the Malampaya field in the 1990s, first gas flowed in September 2001. Commercial production started in January 2002. The field was developed and currently operated by Shell Philippines Exploration B.V. (SPEX), under the Royal Dutch Shell ; with joint venture partners - Chevron Malampaya LLC and Philippine National Oil Company Exploration Corporation. On November 13, 2019,

186-570: A Ferranti Mark 1* , was assembled and used at the Shell laboratory in Amsterdam. In 1970, Shell acquired the mining company Billiton , which it subsequently sold in 1994. In 1989, Shell redesigned a $ 3-billion natural gas platform in the North Sea , raising its height one to two meters, to accommodate an anticipated sea level rise due to global warming . In the 1990s, protesters criticised

279-530: A US$ 20 billion gas project that was to be constructed in the US state of Louisiana . A new CEO Ben van Beurden was appointed in January 2014, prior to the announcement that the corporation's overall performance in 2013 was 38 percent lower than in 2012—the value of Shell's shares fell by 3 percent as a result. Following the sale of the majority of its Australian assets in February 2014, the corporation plans to sell

372-419: A companion left for Vietnam via a Cebu Pacific flight. Two officials were placed under suspension in 2012. In late September 2015, Wesley Gutierrez, a guard and Rogelio Delgado Udarbe, an administrative assistant, were found guilty of administrative charges of gross neglect of duty and conduct prejudicial to the best interest of the service and formally dismissed. In December 2014, police came close to catching

465-591: A full-scale merger or takeover of either of the two companies. The Dutch company, Koninklijke Nederlandsche Petroleum Maatschappij at The Hague , was in charge of production and manufacture. The British Anglo-Saxon Petroleum Company was based in London, to direct the transport and storage of the products. In 1912, Royal Dutch Shell purchased the Rothschilds ' Russian oil assets in a stock deal. The Group's production portfolio then consisted of 53 percent from

558-414: A fund that would go towards humanitarian aid to Ukraine. On 8 March, Shell announced that it would stop buying Russian oil and gas and close its service stations in the country. In 2022, the major oil and gas companies, including Shell, reported sharp rises in interim revenues and profits. In fact, this rise in profit for Shell was so sharp, that 2022 was the company's best year, as Shell recorded double

651-684: A further US$ 15 billion worth of assets in the period leading up to 2015, with deals announced in Australia, Brazil and Italy. Shell announced on 8 April 2015 it had agreed to buy BG Group for £47 billion (US$ 70 billion), subject to shareholder and regulatory approval. The acquisition was completed in February 2016, resulting in Shell surpassing Chevron Corporation and becoming the world's second largest non-state oil company. On 7 June 2016, Shell announced that it would build an ethane cracker plant near Pittsburgh , Pennsylvania , after spending several years doing an environmental cleanup of

744-933: A host of other product/market sectors such as LPG and bitumen . The practice in Shell was that these businesses were essentially local and that they were best managed by local "operating companies" – often with middle and senior management reinforced by expatriates . Shell has a long history of motorsport sponsorship, most notably Scuderia Ferrari (1951–1964, 1966–1973 and 1996-present), BRM (1962–1966 and 1968–1972), Scuderia Toro Rosso (2007–2013 and 2016), McLaren (1967–1968 and 1984–1994), Lotus (1968–1971), Ducati Corse (since 1999), Team Penske (2011–present), Hyundai Motorsport (since 2005), AF Corse , Risi Competizione , BMW Motorsport (2015–present with also Pennzoil ) and Dick Johnson Racing ( 1987 - 2004 and 2017 –present). Gerry Ortega Gerardo Valeriano Ortega DVM (August 28, 1963 – January 24, 2011), better known simply as " Doc Gerry " or " Ka Gerry, "

837-464: A loss of $ 21.7 billion in 2020 due to the COVID-19 pandemic, despite reducing its operating expenses by 12%, or $ 4.5 billion, according to a Morningstar analysis cited by Barron's . In November 2021, Shell announced that it is planning to relocate their headquarters to London, abandon its dual share structure, and change its name from Royal Dutch Shell plc to Shell plc. The company's name change

930-474: A more stable supply of energy and a cleaner source of power, and meeting up to about 40% of Luzon's energy requirements. The operation of Malampaya in the power stations’ full capacity of 3,200 megawatts is displacing over 1.35 million kilograms of CO 2 per hour–a cleaner and more sustainable process, as compared to energy generation using coal or fuel oil. Location: Offshore Palawan, Philippines Depth: Wells are in 820 meters (2,690 feet) of water depth and

1023-500: A number of radio stations in Palawan, allowing him to promote his environmental advocacy and continue his anti-corruption campaign. He was part of TV Patrol Palawan in 2006-2010. By late 2009, Ortega had begun regularly receiving death threats because of the hard-hitting nature of his radio programs, at one point prompting the family to get a bodyguard for him. Puerto Princesa City Former Mayor Edward Hagedorn revealed that Ortega

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1116-707: A result, Ortega became "the foremost critic of then Governor Mario Joel T. Reyes ." In 2004, Ortega ran for Governor of Palawan, under a good governance platform where he lost to Governor Reyes. Uncertain about their future career, given the political and economic situation in the Philippines, he and his wife Patty briefly considered taking a job abroad. Sometime later that year, the ABS-CBN Foundation recruited Ortega to become project director of Bantay Kalikasan-Palawan. In his capacity as project director of Bantay Kalikasan -Palawan, Ortega spearheaded

1209-498: A self-supporting unit without subsidies from other parts of the company. Traditionally, Shell was a heavily decentralised business worldwide (especially in the downstream) with companies in over 100 countries, each of which operated with a high degree of independence. The upstream tended to be far more centralised with much of the technical and financial direction coming from the central offices in The Hague . The upstream oil sector

1302-413: A single-unit partnership for business purposes. The terms of the merger gave 60 percent stock ownership of the new group to Royal Dutch, and 40 percent to Shell. Both became holding companies for Bataafsche Petroleum Maatschappij , containing the production and refining assets, and Anglo-Saxon Petroleum Company, containing the transport and storage assets. National patriotic sensibilities would not permit

1395-660: A trash bin along the road, where Recamata had thrown it while trying to escape. Upon examination, it was found to be registered to former Palawan provincial administrator Romeo M. Seratubias. A man named Arturo Regalado later surrendered to the authorities, claiming he had purchased the gun from Seratubias. In the confession he gave the NBI in Manila, Edrad implicated in Ortega's murder former Marinduque Governor Jose Antonio N. Carrion and former Palawan Governor Joel T. Reyes. Edrad said he

1488-474: A type of snail shell ), to enter this market; by 1907 the company had a fleet. Although for several decades the company had a refinery at Shell Haven on the Thames, there is no evidence of this having provided the name. The Shell logo is one of the most familiar commercial symbols in the world. This logo is known as the " pecten " after the sea shell Pecten maximus (the giant scallop ), on which its design

1581-531: Is active in every area of the oil and gas industry, including exploration , production , refining , transport , distribution and marketing , petrochemicals , power generation , and trading . Shell has operations in over 99 countries, produces around 3.7 million barrels of oil equivalent per day and has around 44,000 service stations worldwide. As of 31 December 2019, Shell had total proved reserves of 11.1 billion barrels (1.76 × 10  m ) of oil equivalent. Shell USA , its principal subsidiary in

1674-512: Is also commonly known as the "exploration and production" sector. Downstream operations, which now also includes the chemicals business, generate the majority of Shell's profits worldwide and is known for its global network of more than 40,000 petrol stations and its various oil refineries . The downstream business, which in some countries also included oil refining , generally included a retail petrol station network, lubricants manufacture and marketing, industrial fuel and lubricants sales, and

1767-482: Is based. The yellow and red colours used are thought to relate to the colours of the flag of Spain , as Shell built early service stations in California , previously a Spanish colony . The current revision of the logo was designed by Raymond Loewy in 1971. The slash was removed from the name "Royal Dutch/Shell" in 2005, concurrent with moves to merge the two legally separate companies (Royal Dutch and Shell) to

1860-532: Is linked to The "Shell" Transport and Trading Company. In 1833, the founder's father, Marcus Samuel Sr., founded an import business to sell seashells to London collectors. When collecting seashell specimens in the Caspian Sea area in 1892, the younger Samuel realised there was potential in exporting lamp oil from the region and commissioned the world's first purpose-built oil tanker , the Murex (Latin for

1953-500: Is reasonable evidence against the accused. In a resolution dated June 8, 2011, a panel of prosecutors from the Philippines' Department of Justice (DOJ) dismissed criminal charges filed against former Marinduque Governor Jose Antonio N. Carrion, former Palawan Gov. Mario Joel T. Reyes, former Palawan Mayor Mario T. Reyes, former provincial administrator Atty. Romeo Serratubias, Arturo Regalado, and Percival B. Lecias, citing "insufficiency of evidence". The same resolution said that there

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2046-500: Is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil ), 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. Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of

2139-516: The Argentinian town of Magdalena, Buenos Aires , the Shell tanker Estrella pampeana collided with a German cargo ship , emptying its contents into the lake, polluting the environment, drinkable water, plants and animals. Over a decade after the spill, a referendum held in Magdalena determined the acceptance of a US$ 9.5 million compensatory payout from Shell. Shell denied responsibility for

2232-713: The Dennis Uy -led Udenna Corp. acquired Chevron Philippines Ltd.’s 45% stake. The Senate raised "red flags" about the company's expertise and financial capability to operate the gas field. The Malampaya Phase 1 development included five production wells, tied back via flowlines to the Shallow Water Platform. Gas is exported through a 504-km subsea Gas Export Pipeline that delivers to the Onshore Gas Plant in Batangas City on Luzon Island to

2325-816: The East Indies , 29 percent from the Russian Empire , and 17 percent from Romania . During the First World War , Shell was the main supplier of fuel to the British Expeditionary Force . It was also the sole supplier of aviation fuel and supplied 80 percent of the British Army's TNT . It also volunteered all of its shipping to the British Admiralty . The German invasion of Romania in 1916 saw 17% of

2418-668: The New York Stock Exchange on 18 November 2005. The shares of the company were issued at a 60/40 advantage for the shareholders of Royal Dutch in line with the original ownership of the Shell Group. During the 2009 Iraqi oil services contracts tender , a consortium led by Shell (45%) and which included Petronas (30%) was awarded a production contract for the "Majnoon field" in the south of Iraq, which contains an estimated 12.6 billion barrels (2.00 × 10  m ) of oil. The "West Qurna 1 field" production contract

2511-471: The Paradise Papers , a set of confidential electronic documents relating to offshore investment , revealed that Argentine Energy Minister Juan José Aranguren was revealed to have managed the offshore companies 'Shell Western Supply and Trading Limited' and 'Sol Antilles y Guianas Limited', both subsidiaries of Shell. One is the main bidder for the purchase of diesel oil by the government through

2604-492: The Russian invasion of Ukraine and in the midst of the growing boycott of Russian economy and related divestments , Shell bought a cargo of discounted Russian crude oil. The next day, following criticism from Ukraine's Foreign Minister Dmytro Kuleba , Shell defended the purchase as a short term necessity, but also announced that it intended to reduce such purchases, and it would put profits from any Russian oil it purchases into

2697-704: The Sultan of Muscat . In 1952, IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman , an area that geologists believed to be rich in oil. This led to the 1954 outbreak of the Jebel Akhdar War in Oman that lasted for more than 5 years. Around 1952, Shell was the first company to purchase and use a computer in the Netherlands. The computer,

2790-541: The 2011 murder of environmentalist and broadcaster Gerry Ortega . Royal Dutch Shell 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

2883-600: The Anti-Graft and Corrupt Practices Act. Andaya filed a motion to dismiss the 194 criminal charges against him. The Sandiganbayan anti-graft court denied the motion for dismissal in a resolution dated March 6, 2019. Department of Agrarian Reform executives who were charged as co-conspirators also filed motions to dismiss that were denied by the Sandiganbayan on June 21, 2022. In 2017, the Ombudsman filed before

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2976-594: The CA to reverse their ruling. Instead, in September 2013, the CA affirmed their first ruling. They cited the "finding by the first panel of prosecutors has not yet been reversed, affirmed or modified". Therefore, it still stood. The DOJ filed an appeal to the Supreme Court of the Philippines to uphold the findings of the second panel. In October 2014, a third ruling by the CA affirmed the ability of DOJ Justice Secretary Leila de Lima "to review, revise, reverse, or modify

3069-559: The CFI came up with the idea of farming out their crocodiles. The idea sparked considerable interest, and over 80 potential crocodile farmers applied. Nineteen of these were in attendance on February 1 to 3, 1999, when Ortega hosted the “Orientation on the Establishment of Crocodile Farms in the Philippines.” After screening applicants, the CFI gave 6 crocodile farmers their first crocodiles in early 2000. Ortega's initiative thus represented

3162-552: The National Bureau of Investigation NBI headquarters in Manila. Armando Noel surrendered to the NBI at their Taft Avenue headquarters on February 10, 2011. Both Edrad and Noel confessed to the crime before the NBI. Another suspect, Edwin Arandia gave himself up on February 27, 2011, to Fr. Robert Reyes who accompanied him to the NBI. The police found the .45 caliber pistol Recamata had allegedly used to kill Ortega in

3255-537: The Netherlands and The "Shell" Transport and Trading Company of the United Kingdom. The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the largest producer of oil in the world. Shell first entered the chemicals industry in 1929. Shell was one of the " Seven Sisters " which dominated the global petroleum industry from the mid-1940s to

3348-733: The Philippine National Oil Corporation-Exploration Corporation Fields: Camago-Malampaya gas reservoir Production (100%): The Malampaya Fund is the name given to a government fund comprising profits from the Malampaya Deep Water Gas-to-Power project. It was created to support energy resource development and exploration programs, with the President of the Philippines given the prerogative to determine other uses for

3441-578: The Philippine. He claimed he drove the Reyes brothers to the airport and that Bureau of Immigration officials assisted with their flight to Vietnam. He also claimed he drove their attorney, Hermie Aban, to the airport who was the friend of the immigration officials. They appear to have fled on March 18, 2012, using a passport under the name Joseph Lim Pe. Immigration records showed that a certain Lim Pe and

3534-543: The Philippines to face charges in September 25, 2015. The Thai police found Joel Reyes was using a fake Malaysian passport and the name "Jhonny Leong." Mario Reyes was using a falsified Philippine passport and using the name "Nicholas Lim Gatchalian" and called himself Nicky. Upon his arrival in the Philippines, Joel claimed that he and his brother were not hiding, and that they turned themselves in to Thai authorities. Shortly after being jailed in Puerto Princesa,

3627-467: The Sandiganbayan 159 criminal charges against former Palawan Governor Mario Joel Reyes and 41 other government officials for alleged procurement anomalies in 209 contracts funded by ₱1.53 billion from the Malampaya Fund in 2008 and 2009. Motions to dismiss the criminal charges against Reyes and other defendants were rejected in January 2024. The exposé of the alleged anomalies is allegedly linked to

3720-597: The United States, is one of its largest businesses. Shell holds 44% of Raízen , a publicly-listed joint venture with Cosan , which is the third-largest Brazil -based energy company. In addition to the main Shell brand, the company also owns the Jiffy Lube , Pennzoil and Quaker State brands. Shell is a constituent of the FTSE 100 Index and had a market capitalisation of US$ 199 billion on 15 September 2022,

3813-454: The appointment of Jorma Ollila , chairman and CEO of Nokia at the time, to succeed Aad Jacobs as the company's non-executive chairman on 1 June 2006. Ollila is the first Shell chairman to be neither Dutch nor British. Other non-executive directors include Maarten van den Bergh , Wim Kok , Nina Henderson, Lord Kerr , Adelbert van Roxe, and Christine Morin-Postel. Since 3 January 2014, Ben van Beurden has been CEO of Shell. His predecessor

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3906-543: The banning of mining operations in the province of Palawan when he was assassinated. At around 10:30 in the morning of January 24, 2011, Ortega had just finished broadcasting on his morning show " Ramatak " for Radyo Mo Nationwide 's (RMN) Palawan station dwAR-FM , and was supposed to prepare for a scheduled journey to Manila to promote the Ten Million Signatures campaign. He stopped at an "ukay-ukay" (used clothing) thrift store in Puerto Princesa. It

3999-485: The birth of the crocodile industry in the Philippines. Ortega resigned from his post at Crocodile Farm in time to run for a position in the Provincial Board of Palawan during the elections of 2001. He won and held that post until 2004. It was during this time that Ortega is said to have first gained access to "information and documents about widespread corruption in the provincial government of Palawan." As

4092-640: The company's environmental record, particularly the possible pollution caused by the proposed disposal of the Brent Spar platform into the North Sea. Despite support from the UK government, Shell reversed the decision under public pressure but maintained that sinking the platform would have been environmentally better. Shell subsequently published an unequivocal commitment to sustainable development , supported by executive speeches reinforcing this commitment. Shell

4185-406: The core competencies on which the company was founded. Similar competencies were required for natural gas, which has become one of the most important businesses in which Shell is involved, and which contributes a significant proportion of the company's profits. While the vertically integrated business model provided significant economies of scale and barriers to entry , each business now seeks to be

4278-446: The cost of a planned $ 28bn capital spending programme. Shell invited buyers to submit indicative bids, due by 22 March, with a plan to raise $ 2–3bn from the sale. In June 2010, Shell agreed to acquire all the business of East Resources for a cash consideration of $ 4.7 billion. The transaction included East Resources' tight gas fields. Over the course of 2013, the corporation began the sale of its US shale gas assets and canceled

4371-501: The country a player in construction for the oil and gas industry. The upstream component of the US$ 4.5 billion Malampaya gas-to-power project was expected to provide substantial long-term revenue of between $ 8 billion–$ 10 billion to the Philippine government over its lifespan. As of 2018, the project has already surpassed US$ 10 billion in government revenues. Malampaya’s main benefits to the Philippines include reducing oil imports, assuring

4464-658: The country. Attorneys for the accused filed an appeal that the Second Panel was not legal and the First Panel cleared their client. In November 2012, the Circuit Court of Appeals (CA) agreed. The second panel of prosecutors should not have been formed without first without reversing the findings of the original panel. Alternately, new evidence, or any review should have been directed to the First Panel that had voted to not prosecute. The Department of Justice asked

4557-416: The departure of the chairman Philip Watts . A lawsuit resulted in the payment of $ 450 million to non-American shareholders in 2007. As a result of the scandal, the corporate structure was simplified. Two classes of ordinary shares, A (code RDSA) and B (code RDSB), identical but for the tax treatment of dividends, were issued for the company. In November 2004, following a period of turmoil caused by

4650-419: The establishment of five community-based sustainable tourism sites operated by the community and for the community. Ortega explained the way these projects were structured to Philippine Star journalist Faizza Farinna Tanggol on January 22, 2011: The five eco-tourism projects spearheaded by Bantay-Kalikasan Palawan under Ortega are: At this time, Ortega also began serving as an anchor/commentator in

4743-558: The family's petition because this may affect the DOJ appeal in the Supreme Court. In August 2012, reward money for information about the whereabouts of the Reyes brothers helped spring information. At a media forum at Club Filipino, a man appeared with a cloth hiding his face before reporters. The unidentified man was presented by former Solicitor General Francisco Chavez and Sandra Cam of the Whistleblowers Association of

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4836-457: The filing of murder charges against them on the death of Ortega after the reviewing the motion for reconsideration filed by Ortega's wife the previous year and taking into account the new evidences presented there. Only former Governor Jose Carreon was not included in the charges due to insufficiency of evidence. Murder charges were filed on March 17, some of those named were picked up for trial. Joel and Mario Reyes brothers eluded arrest by fleeing

4929-594: The firm operated as a dual-listed company , whereby the British and Dutch companies maintained their legal existence and separate listings but operated as a single-unit partnership. From 2005 to 2022, the company had its headquarters in The Hague, its registered office in London and had two types of shares (A and B). In January 2022, the firm merged the A and B shares, moved its headquarters to London, and changed its legal name to Shell plc . The Royal Dutch Shell Group

5022-443: The first panel be made. According to a petition drive on Change.org we "decry the de facto inaction and seeming apathy of authorities in resolving the Ortega case and all media killings in the country". As of September 2015 the Supreme Court had not ruled on the appeal made by the DOJ to validate the second panel. Meanwhile, the family of Ortega pressed the DOJ for a review by the first panel. However, de Lima said she could not act on

5115-632: The group's worldwide production destroyed. In 1919, Shell took control of the Mexican Eagle Petroleum Company and in 1921 formed Shell-Mex Limited, which marketed products under the "Shell" and "Eagle" brands in the United Kingdom. During the Genoa Conference of 1922 Royal Dutch Shell was in negotiations for a monopoly over Soviet oilfields in Baku and Grosny , although the leak of a draft treaty led to breakdown of

5208-402: The jail's warden was relieved of his position over allegations of special treatment afforded to the brothers in contravention to a government pledge of no special treatment. On September 28, 2015, the DOJ announced a team of lawyers was investigating the implications of reviewing and/or reversing the findings by the first panel that was in favor of not prosecuting the Reyes brothers. A decision

5301-482: The killing ought to be charged, not just the ones who were charged, whom she referred to as " pawns whose participation in the murder were merely at best as accessories. " On March 13, 2012, the Department of Justice, after a review by a second panel, reversed its former decision of dismissing the cases against Governor Joel Reyes, Mayor Mario Reyes, Romeo Seratubias, Arturo Regalado, and Percival Lecias and ordered

5394-537: The largest of any company listed on the LSE and the 44th-largest of any company in the world. By 2021 revenues, Shell is the second-largest investor-owned oil company in the world (after ExxonMobil ), the largest company headquartered in the United Kingdom, the second-largest company headquartered in Europe (after Volkswagen ), and the 15th largest company in the world. Until its unification in 2005 as Royal Dutch Shell plc ,

5487-516: The legal name) was a British company, founded in 1897 by Marcus Samuel, 1st Viscount Bearsted , and his brother Samuel Samuel . Their father had owned an antique company in Houndsditch , London, which expanded in 1833 to import and sell seashells, after which the company "Shell" took its name. For various reasons, the new firm operated as a dual-listed company , whereby the merging companies maintained their legal existence but operated as

5580-412: The mid-1970s. In 1964, Shell was a partner in the world's first commercial sea transportation of liquefied natural gas (LNG). In 1970, Shell acquired the mining company Billiton , which it subsequently sold in 1994 and now forms part of BHP . In recent decades gas has become an increasingly important part of Shell's business and Shell acquired BG Group in 2016. Shell is vertically integrated and

5673-503: The northeast, for final treatment and metering. Shell successfully completed Malampaya Phase 2 in 2013, which added two new production wells. Malampaya Phase 3 saw the design, fabrication and installation of a new depletion compression platform to maintain levels of gas production, which began operating in October 2015. This was the first oil and gas platform to be designed and built in the Philippines, and its successful completion has made

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5766-465: The pair when tracing calls. A source from Thailand was identified. Interpol and Thai police evidently spooked the pair when doing surveillance. The brothers moved out before agents moved in. In early September 2015 a tip by email informed officials the pair was residing in a villa in a resort town on Phuket Island, Thailand. The Thai government was asked to investigate and the brothers were arrested for over staying their visas. They were deported back to

5859-564: The profits from 2021, and the highest profit in its entire history. In November 2024, Shell won a case in the Hague court of appeal against Friends of the Earth which would have required Shell to cut its carbon emissions by 45%, in line with the Paris climate accords . The key trends of Shell are (as at the financial year ending 31 December): On 4 August 2005, the board of directors announced

5952-472: The profits. In 2009, President Gloria Macapagal Arroyo authorized then- Budget Secretary Rolando Andaya Jr. to release ₱ 900 million from the fund to aid victims of Tropical Storm Ondoy and Typhoon Pepeng . The amount did not go to the communities affected by the disasters, but was allegedly plundered after being released to nongovernmental organizations linked to Janet Lim Napoles . Andaya and Napoles were subsequently charged for allegedly violating

6045-506: The proposed plant's site. In January 2017, Shell agreed to sell £2.46bn worth of North Sea assets to oil exploration firm Chrysaor. In 2017, Shell sold its oil sands assets to Canadian Natural Resources in exchange of approximately 8.8% stake in that company. In May 2017, it was reported that Shell plans to sell its shares in Canadian Natural Resources fully exiting the oil sands business. On 5 November 2017,

6138-598: The reservoir is 2,990 meters below sea level Interests: Shell Philippines Exploration B.V. 45% (Shell-operated), Chevron 45%, Philippine National Oil Company-Exploration Corporation (government) 10% Key contractors: Malampaya is a joint undertaking of the Philippine national government and the private sector. The project is spearheaded by the Philippine Department of Energy (DOE) and developed and operated by Shell Philippines Exploration B.V. (SPEX) on behalf of joint venture partners Chevron Malampaya LLC and

6231-446: The resolutions of her prosecutors who conducted preliminary investigations." This confirmed the ability of the DOJ to comply with the family wishes that the first panel review its decision. Additionally, the CA rejected a motion by the Reyes brothers to bar de Lima from the case owing to comments made to the press that they believed demonstrated a bias against them. In August 2015, the Ortega family renewed their call for their petition to

6324-405: The revelation that Shell had been overstating its oil reserves , it was announced that the Shell Group would move to a single capital structure, creating a new parent company to be named Royal Dutch Shell plc, with its primary listing on the LSE, a secondary listing on Euronext Amsterdam , its headquarters and tax residency in The Hague , Netherlands and its registered office in London. The company

6417-426: The same period the previous year. On 30 September 2020, the company said that it would cut up to 9,000 jobs as a result of the economic effects caused by the pandemic and announced a "broad restructuring". In December 2020, Shell forecast another write-down of $ 3.5-4.5 billion for the fourth quarter due to lower oil prices, following $ 16.8 billion of impairment in the second quarter. In February 2021, Shell announced

6510-538: The single legal entity which exists today. On 15 November 2021, Royal Dutch Shell plc announced plans to change its name to Shell plc. Shell is organised into four major business groupings: Shell's primary business is the management of a vertically integrated oil company. The development of technical and commercial expertise in all stages of this vertical integration, from the initial search for oil (exploration) through its harvesting (production), transportation, refining and finally trading and marketing established

6603-426: The spill, but an Argentine court ruled in 2002 that the corporation was responsible. In 2002, Shell acquired Pennzoil-Quaker State through its American division for $ 22 USD per share, or about $ 1.8 billion USD. Through its acquisition of Pennzoil, Shell became a descendant of Standard Oil . With its acquisition, Shell inherited multiple auto part brands including Jiffy Lube , Rain-X , and Fix-a-Flat . The company

6696-585: The state owned CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico). On 30 April 2020, Shell announced that it would cut its dividend for the first time since the Second World War , due to the oil price collapse following the reduction in oil demand during the COVID-19 pandemic . Shell stated that their net income adjusted for the cost of supply dropped to US$ 2.9 billion in three months to 31 March. This compared with US$ 5.3 billion in

6789-588: The talks. In 1929, Shell Chemicals was founded. By the end of the 1920s, Shell was the world's leading oil company, producing 11 percent of the world's crude oil supply and owning 10 percent of its tanker tonnage. During the Spanish Civil War the company sold oil to the Nationalist side of Francisco Franco . Located in the north bank of the River Thames in London, Shell Mex House

6882-576: The time, many thought the Crocodile Farm project , which was run by the Department of Environment and Natural Resources, and funded by the Japan International Cooperation Agency , would never succeed. But Ortega and his team made it not only viable but globally known. Ortega and his team at the CFI also received considerable media attention over catching the largest saltwater crocodile in the country. In 1993

6975-803: The value of World War II military production contracts. The 1930s saw Shell's Mexican assets seized by the local government. After the invasion of the Netherlands by Nazi Germany in 1940, the head office of the Dutch companies was moved to Curaçao . In 1945, Shell's Danish headquarters in Copenhagen , at the time being used by the Gestapo , was bombed by Royal Air Force De Havilland Mosquitoes in Operation Carthage . In 1937, Iraq Petroleum Company (IPC), 23.75 percent owned by Royal Dutch Shell plc, signed an oil concession agreement with

7068-512: Was Peter Voser who became CEO of Shell on 1 July 2009. Following a career at the corporation, in locations such as Australia and Africa, Ann Pickard was appointed as the executive vice president of the Arctic at Royal Dutch Shell, a role that was publicized in an interview with McKinsey & Company in June 2014. In January 2023, Wael Sawan succeeded Ben van Beurden as CEO. The name Shell

7161-512: Was a Filipino journalist, veterinarian , politician, environmental activist , and community organizer best known for his work to promote crocodile farming in the Philippines and for his advocacy against mining on the island of Palawan . Ortega has often been lauded as a hero of the Philippine Environment since his assassination on January 24, 2011, due to his anti-mining and anti-corruption advocacy. Ortega

7254-749: Was a devout Roman Catholic and was one of the local leaders of the Catholic group, Couples for Christ , in Palawan. In 1988, Ortega began working at the Crocodile Farming Institute (since renamed the Palawan Wildlife Rescue and Rehabilitation Center but still known widely and referred to below as the Crocodile Farm or CFI) in Irawan, Puerto Princesa, Palawan. In 1989, he became the institute's director. At

7347-459: Was a former bodyguard to Carrion and Joel Reyes. Edrad also implicated former Coron, Palawan Mayor Mario T. Reyes Jr., and Arturo Regalado, the man who bought the gun from Atty. Seratubias. Governor Reyes later denied having hired Edrad as a security aide, while Governor Carrion, who said Edrad was indeed a former security aide, denied ever talking to Edrad about any plot. Before criminal charges can be filed, prosecutors must determine if there

7440-559: Was already incorporated in 2002 as Forthdeal Limited , a shelf corporation incorporated by Swift Incorporations Limited and Instant Companies Limited, both based in Bristol. The unification was completed on 20 July 2005 and the original owners delisted their companies from the respective exchanges. On 20 July 2005, the Shell Transport & Trading Company plc was delisted from the LSE, whereas, Royal Dutch Petroleum Company from

7533-467: Was awarded to a consortium led by ExxonMobil (60%) and included Shell (15%). In February 2010, Shell and Cosan formed a 50:50 joint-venture, Raízen , comprising all of Cosan's Brazilian ethanol, energy generation, fuel distribution and sugar activities, and all of Shell's Brazilian retail fuel and aviation distribution businesses. In March 2010, Shell announced the sale of some of its assets, including its liquefied petroleum gas (LPG) business, to meet

7626-682: Was born on August 28, 1963, to Rafael "Totoy" Ortega, who was the municipal mayor of Aborlan , in the island province of Palawan . Gerry Ortega earned his Doctor of Veterinary Medicine degree from the Gregorio Araneta University Foundation near Manila. In 1988, he married Patria Gloria "Patty" Innocencio in a church wedding in Bulacan. They later had five children. The eldest, Mika Ortega, worked as an Information, education, and communication officer of ABS-CBN Foundation 's Kapit Bisig para sa Ilog Pasig. Ortega

7719-490: Was completed in 1931, and was the head office for Shell's marketing activity worldwide. In 1932, partly in response to the difficult economic conditions of the Great Depression , Shell-Mex merged its UK marketing operations with those of BP (British Petroleum) to create Shell-Mex & BP , a company that traded until the brands separated in 1975. Royal Dutch Company ranked 79th among United States corporations in

7812-850: Was created in April 1907 through the amalgamation of two rival companies: the Royal Dutch Petroleum Company ( Dutch : Koninklijke Nederlandse Petroleum Maatschappij ) of the Netherlands and the Shell Transport and Trading Company Limited of the United Kingdom . It was a move largely driven by the need to compete globally with Standard Oil . The Royal Dutch Petroleum Company was a Dutch company founded in 1890 to develop an oilfield in Pangkalan Brandan , North Sumatra , and initially led by August Kessler , Hugo Loudon, and Henri Deterding . The "Shell" Transport and Trading Company (the quotation marks were part of

7905-589: Was especially concerned when at one point the threats extended to his daughters. In January 2011, Ortega, together with Bantay Kalikasan decided to launch a broad campaign against mining in Palawan, in response to the approval of large scale mining by the Palawan Council for Sustainable Development (PCSD) the month before. Ortega was getting ready to travel to Manila for the launching of the Ten Million Signatures Campaign for

7998-612: Was expected in two weeks. On October 2, 2015, the Reyes brothers refused to make a plea for the killing of Ortega and the judge entered a plea of not guilty on their behalf. The case pre-trial conference and bail request hearing were set for December 3, 2015. On September 30, 2015, the Office of the Philippine Vice President Jejomar Binay called upon the DOJ to investigate former Makati vice mayor Ernesto Mercado for his possible involvement in hiding

8091-773: Was here that a gunman came up behind Ortega, and shot him in the back of the head. After a brief chase, police apprehended the alleged shooter, Marlon Recamata, who confessed to the crime at the Puerto Princesa Police Office. Recamata originally claimed that the motivation for the killing was simply robbery, but numerous parties including the Committee to Protect Journalists , the Asian Human Rights Commission , Puerto Princesa Mayor Edward Hagedorn, and ABS CBN's Bantay Kalikasan, through its head Gina Lopez , pointed out that this

8184-599: Was invited for questioning by the Puerto Princesa office of the National Bureau of Investigation (NBI) on January 25, 2011. Dennis Aranas was arrested in Coron, Palawan, three days after the assassination, on January 28, 2011. He also confessed to the crime at the Puerto Princesa Police Office. Edrad surrendered to Puerto Princesa Mayor Edward Hagedorn in Lucena, Quezon, on February 5, 2011, and Hagedorn brought him to

8277-495: Was notably late in its acquisition as seen by journalists, with Shell seen as streamlining its assets around the same time of other major mergers and acquisitions in the industry, such as BP 's purchase of Amoco and the merger of Exxon and Mobil . In 2004, Shell overstated its oil reserves, resulting in loss of confidence in the group, a £17 million fine by the Financial Services Authority and

8370-430: Was probable cause to charge Rodolfo Edrad Jr., Armando Noel, Dennis Aranas, and Arwin Arandia with murder. On July 1, 2011, Patty Ortega filed a 47-page motion for reconsideration at the Department of Justice, asking the investigating panel to recommend that charges be filed against Reyes and the five others who had been absolved by the panel, arguing that those she alleged to be the " masterminds and principals " behind

8463-830: Was registered in the Companies House on 21 January 2022. In December 2021, Shell pulled out of the Cambo oil field , off the Shetland Islands, claiming that "the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays". The proposed oilfield had been the subject of intense campaigning by environmentalists in the run-up to the COP26 UN climate summit in Glasgow in November 2021. On 4 March 2022, during

8556-499: Was subsequently criticised by the European Commission and five European Union members after deciding to leave part of its decommissioned oil rigs standing in the North Sea. Shell argued that removing them would be too costly and risky. Germany said that the estimated 11,000 tonnes of raw oil and toxins remaining in the rigs would eventually seep into the sea, and called it a 'ticking timebomb'. On 15 January 1999, off

8649-505: Was unlikely, given the way the murder was conducted, the fact that Ortega did not present himself as someone likely to be worth robbing. Recamata also implicated three others in his statements: Rodolfo O. Edrad Jr., Dennis C. Aranas, and Armando R. Noel. Recamata pleaded guilty to murder charges on February 11, 2011. The case was heard at the Puerto Princesa trial court. He was convicted in 2016 and sentenced to reclusion perpetua (20 to 40 years in prison). A second suspect, Percival Lecias,

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