Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event (most often a sports venue ), typically for a defined period of time. For properties such as multi-purpose arenas, performing arts venues, or sports fields, the term ranges from three to 20 years. Longer terms are more common for higher profile venues such as professional sports facilities.
123-656: The Araneta Coliseum , also currently known by naming rights sponsorship as Smart Araneta Coliseum , is an indoor multi-purpose sports arena that is part of the Araneta City in the Cubao area of Quezon City , Philippines. Nicknamed as " the Big Dome ", it is one of the largest indoor arenas in Asia, and one of the largest clear span domes in the world. The dome measures approximately 108.0 meters (354.3 ft) making it
246-570: 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
369-507: A presenting sponsor attaches the name of the corporation or brand at the end (or, sometimes, beginning) of a generic, usually traditional, name (e.g. Mall of America Field at Hubert H. Humphrey Metrodome ); or, a title sponsor replaces the original name of the property with a corporate-sponsored one (as is the case with most sponsored sports venues), with no reference to the previous name. Stadium naming may have shifted in recent years to promoting corporate trade names, but in earlier decades
492-585: 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
615-658: A concert DVD dubbed as U-KISS 1st Kiss Tour in Manila DVD . It was the first time that an international artist released a concert DVD featuring the coliseum. GOT7 's first fan meeting in Manila was also held in the Coliseum last November 14, 2015. On April 14, 2018, Sarah Geronimo held her 15th showbiz anniversary concert called " This Is Me " stylized as "This 15 Me" at the Araneta Coliseum. The sold-out concert
738-454: A concert in the Coliseum between the ages of 12 and 14 with their Listen: The Big Shot Concert held on November 30, 2018. Nation's Girl Group BINI was also performed their pop concert performance in the host venue last November 16, 18 & 19, 2024 (originally held on November 17 but it was rescheduled and move to November 19 due to Typhoon Pepito) became the first filipino OPM P Pop Group performers for 3 day sold out concert and also awarded as
861-409: A corporate-purchased name must always be referred to in all event-related media (including live broadcasts) by a generic name (e.g., General Motors Place was referred to as "Canada Hockey Place" during the 2010 Winter Olympics ). On the other hand, Toyota Stadium was referred to as "City of Toyota Stadium" during the 2019 Rugby World Cup to avoid confusion as a form of ambush marketing; the stadium
984-493: A few years later. Among the notable events to take place at the arena were the 11th and 34th FAMAS Awards , the 1975 " Thrilla in Manila " boxing match between Muhammad Ali and Joe Frazier , in which the arena was renamed into the "Philippine Coliseum", and the annual Binibining Pilipinas beauty pageant. During the Thrilla in Manila, all of the 36,000 seats to watch the event live were sold out. Aside from boxing marches,
1107-591: 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
1230-414: 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
1353-684: 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
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#17327757641311476-475: A large span dome with a diameter of 108 meters (354 ft) as its roof. The dome is 37 meters (121 ft) high at its highest point. The structure is supported by 48 concrete columns and 48 metal ribs. It has a floor area of 2,300 square meters (25,000 sq ft). Richard de Leon of Atlantic, Gulf and Pacific did the steel framework of the venue – 4,965 aluminum sheets of gauge measuring 7.3 by 1.2 by 2.4 metres (24 ft × 4 ft × 8 ft)
1599-464: 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
1722-890: A member of the Araneta family , purchased from Radio Corporation of America (RCA) 35 hectares (86 acres) of land in Cubao which includes the Araneta family home and is bounded by Epifanio Delos Santos Avenue or EDSA, Aurora Boulevard, P. Tuazon and 15th Avenue. During this time, Araneta envisioned a multi-events venue inspired by the Madison Square Garden in New York City and the Roman Colosseum in Rome , Italy , which drew criticisms from his business advisers and even Amado's personal friends. This vision led to
1845-544: A move that was almost shelved due to objections from other PBA teams because Shell owned the then-PBA team, the Shell Turbo Chargers . In 1999, the Araneta Group initially planned to demolish the coliseum due to high amusement taxes and rising costs, which gave the company little revenue despite being subsidized by the company since its opening in 1960. The planned demolition was one of the proposals to
1968-552: A name of the sponsor as their team or club name (see List of sports clubs named after a sponsor). In association football , leagues and cup competitions sometimes adopt the name of their sponsors. For example, England 's Premier League was known as the Barclays Premier League until 2016, and its FA Cup is officially the Emirates FA Cup. The Premier League announced in 2015 that it would not accept
2091-678: A new Patron section (100 and 200 level seats). A pathway between the former Patron and Lower Box sections was also made. The former Upper Box A section (300 level seats) was renamed as Box section and the former Upper Box B section (400 level seats) is now referred to as the "Upper Box" section. The renovation project of the coliseum was completed in June 2014. On January 7, 2015, the Hydra-Rib basketball backboards first used in 1995 were replaced with Spalding ones. The backboards were first used in Game 1 of
2214-603: A property in recognition of the financial support. This is not a financial transaction in the style of the private sector. For example, in honor of the more than $ 60 million donated over the years by one donor to the National Air and Space Museum properties, the directors of the Smithsonian Institution chose to name its satellite facility in Loudoun County, Virginia , after the donor, calling it
2337-498: 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
2460-413: 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
2583-560: A slightly larger one, as well as the refurbishment of seating areas and renovation of team dugouts. New entrances were opened on the upper box, lower box and general admission levels, with direct connections to the Gateway Mall 2 , which is also connected to the mall's "Coliseum Plaza" area, a food hall located along the Red Gate entrance. The Araneta Coliseum is an indoor arena designed by Dominador Lacson Lugtu. The sports venue has
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#17327757641312706-620: A title sponsorship beginning in the 2016–17 season. Since 2020, the French Professional Football Ligue adopted the name of Ligue 1 Uber Eats . In college football , most bowl games have modified their traditional names in favor of title sponsors, and in some cases have abandoned their traditional names. While most include their traditional name in some form (e.g. the Rose Bowl Game presented by Prudential ), some have moved to sponsor-only names (e.g.
2829-474: 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
2952-603: Is Willis Tower in Chicago which was and often still is referred to as the "Sears Tower", even though the building was sold in 1994 (but retained its former name until 2003). Sporting events such as the FIFA World Cup , UEFA Euro , Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored name on stadiums, construing the practice as a form of ambush marketing . Any stadium that uses
3075-500: Is not named after Toyota Motor Corporation , but the name of the city in which the stadium is located (though the city was named after the company). The regular corporate signage of a site, including billboards and deck advertising, is usually covered up in these cases; in the FIFA case the signage is replaced solely with FIFA sponsors. However, with the near-universal use of LED ribbon boards, scoreboards, and sideline boardings since
3198-562: Is vertically integrated and 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
3321-458: Is a commercial company that since 1979 has sold unofficial naming rights to stars ( i.e. , the astronomical objects ). The naming services are limited to an entry in a book, and carry no scientific or official authenticity according to professional astronomers. In some places, and especially in the UK and United States, the naming or renaming of arenas or events is usually met with disapproval from
3444-512: 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
3567-482: 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
3690-490: Is being held at the coliseum. The Big Dome is also the venue of religious gatherings like the anniversary celebration of Ang Dating Daan (English: The Old Path , the flagship program of the Members Church of God International ), Christ's Commission Fellowship , Iglesia ni Cristo , International Convention of Pentecostal Missionary Church of Christ (4th Watch), The Church of Jesus Christ of Latter-day Saints in
3813-690: Is best known to the non-farming public for its insurance business, acquired the naming rights to the University of Kentucky 's new baseball park in 2018. The Farm Bureau in turn donated those naming rights to the Kentucky Department of Agriculture , naming the venue Kentucky Proud Park . The sponsored name is the brand used by said state agency in its marketing campaign for agricultural products produced in that state. Naming rights in United States may have been traced back to 1912 with
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3936-632: Is closely related. Probably the most notable example of this is Friends Arena , a major stadium in Stockholm . The facility was originally known as Swedbank Arena, but in 2012 that company donated those rights to the Friends Foundation, an organization heavily sponsored by Swedbank that seeks to combat school bullying . More recently, the Kentucky Farm Bureau , an organization promoting the interests of Kentucky farmers that
4059-472: Is largely traced to the family names of company founders. The record for the highest amount paid for naming rights belongs to Crypto.com Arena . On November 17, 2021, a 20-year, US$ 700 million sponsorship deal was reached between Anschutz Entertainment Group and Singapore-based Crypto.com to rename Los Angeles's Staples Center (the Staples office supply store chain was the previous naming rights holder to
4182-532: 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
4305-563: The 2014–15 PBA Philippine Cup Finals . On June 9, 2017, the OES SHOTS-14G7 shot clocks were replaced. The newer clocks were first used in Game 3 of the 2017 PBA Commissioner's Cup Quarterfinals match between the TNT Katropa and Meralco Bolts . Ahead of the 2023 FIBA Basketball World Cup , the Araneta Coliseum underwent another renovation. Renovation works included the replacement of the previous "Big Cube" LED video board with
4428-545: The American Idols LIVE! Tour 2011 (on September 21 and 22, 2011), and the American Idols LIVE! Tour 2012 (on September 21, 2012). Following her performance with the American Idols LIVE! Tour 2012 five months prior, Filipino-American American Idol runner-up Jessica Sanchez had her first sold out solo concert at the coliseum on February 14, 2013. American singer-songwriter Lauv performed at
4551-516: 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
4674-478: The Avril Lavigne On Tour on February 17, 2014, Kylie Minogue as part of her Aphrodite: Les Folies Tour on July 5, 2011, Bruno Mars as part of his The Doo-Wops and Hooligans Tour on April 8, 2011, The Script (in 2011 and 2013), Snow Patrol (on August 9, 2012), Taylor Swift as part of her Speak Now Tour on February 19, 2011, and Westlife in 2001, 2006, 2011, 2019, and 2023. as well as
4797-588: The Busch Memorial Stadium in 1966 , shortened in the 1970s to "Busch Stadium" and remained the stadium's name until it closed in 2005. By that time, Major League Baseball 's policy had changed – with Coors Field in Denver and Miller Park in Milwaukee going up in that span – and Anheuser-Busch (who retained the naming rights after selling the team) was able to use the same name for
4920-816: 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
5043-641: The Emirates Stadium , their previous ground being Arsenal Stadium . In cricket, the most famous example is The Oval , home of Surrey County Cricket Club . It has had several sponsors over the years, and is currently known as "The Kia Oval", having originally been known as the "Kennington Oval", after the district of London in which it is located. While the highest prices have traditionally been paid for stadium rights, many companies and individuals have found that selling their naming rights can be an important consideration in funding their business. Since
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5166-591: The Gator Bowl was known for four playings as the TaxSlayer Bowl), a move that generally is treated with consternation from fans. Some newer bowl games have been named after title sponsors since inception—for example, the Blockbuster Bowl , original named after Blockbuster Video when it debuted in 1990, has gone through multiple sponsorship and naming changes; for its December 2023 playing, it
5289-605: The MBTA 's State Street station by Citizens Bank lasted from 1997 to 2000. In Tampa , naming rights for both streetcar stations and rolling stock are available. In December 2016, the Los Angeles County Metropolitan Transportation Authority approved a naming rights policy for its facilities and routes, but later rescinded the policy two months later over potential lawsuits for skipping sponsors. Examples outside of
5412-598: The New York Giants and New York Jets in East Rutherford, New Jersey , US, was expected to eclipse both deals, with experts estimating it would value US$ 25–30 million annually. It ultimately fell short of that benchmark, with MetLife Stadium earning $ 17 million annually from its naming rights deal with MetLife . Occasionally, the purchaser of a stadium's naming rights may choose to donate those rights to an outside organization, typically one to which it
5535-668: 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
5658-402: 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 (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
5781-471: 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
5904-556: The Philippine Basketball Association (PBA) has played most of their games at the Araneta Coliseum since its creation in 1975. Other basketball events hosted by the arena were the 1978 FIBA World Championship , a game between the 1978 NBA champions Washington Bullets and a PBA selection in 1979, and the 1982 Asian Youth Basketball Championship where the Philippines defeated China in the final. In
6027-492: 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
6150-782: The Steven F. Udvar-Hazy Center . Walgreen Coast , a portion of the coast of Antarctica , was so named because the Walgreens pharmacy chain sponsored the Byrd Antarctic Expedition . 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
6273-704: 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,
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#17327757641316396-718: The Winston Cup Series featured sponsor names (including the Daytona 500 , which was given a presenting sponsor as the Daytona 500 by STP ), with little or no reference to the original names. As of the 2010s, very few exceptions remain in NASCAR (such as the Daytona 500, which no longer uses the presenting sponsor), and typically races without sponsor names only lack them because a suitable sponsor could not be secured in enough time. IndyCar follows suit, with most races (except
6519-400: The 10 largest football stadiums have their naming rights sold to corporate sponsors. The practice is widening in the United Kingdom; for instance the current stadium of Bolton Wanderers is the Toughsheet Community Stadium (after 17 years as Reebok Stadium, 4 as Macron Stadium and 5 as the University of Bolton stadium) and Arsenal Football Club 's stadium (opened for the 2006/2007 season) is
6642-430: The 1975 World Heavyweight Championship boxing match between Muhammad Ali and Joe Frazier . It was the third and final match of the three-bout rivalry between the two boxers and was held on October 1, 1975. Ali won by corner retirement (RTD) after Frazier's chief second asked the referee to stop the fight after the 14th round. The bout is universally regarded as one of the best and most brutal fights in boxing history. It
6765-585: The Araneta Coliseum Golden Dome Award by the Araneta Family. The arena has been the venue of the Binibining Pilipinas pageants annually since its inception in 1964. Mister World 2019 was also held on August 23, 2019, at the arena, the first time the Philippines hosted the pageant. The Big Dome also hosted a praise and worship concerts like Israel Houghton , Parachute Band , Don Moen , Bethel Music , Hillsong Worship , Sonicflood , Planetshakers , Planetboom , Hillsong Young & Free and Hillsong UNITED . Starting 2017, The Annual Planetshakers Conference
6888-419: The Aranetas entered into a naming rights deal with mobile network operator Smart Communications, Inc. (a subsidiary of Philippine Long Distance Telephone Company ), renaming the arena into "Smart Araneta Coliseum". The 5-year naming rights deal includes improvements and renovations to the arena such as the installation of curved escalators to improve access in the upper box and general admission areas, which
7011-443: The Cardinals' new stadium which opened on April 4, 2006. Foxboro Stadium , the home of the New England Patriots between 1971 and 2001, was an early example of a team selling naming rights to a company that did not own it, naming the stadium Schaefer Stadium after the beer company from its opening until 1983. The public reaction to this practice is mixed. Naming rights sold to new venues have largely been accepted, especially if
7134-401: The Cardinals, " Budweiser Stadium". When this idea was rejected by Ford Frick , the Commissioner of Baseball at that time, Anheuser-Busch then proposed the title "Busch Stadium" after one of the company's founders. The name was readily approved, and Anheuser-Busch subsequently released a new product called "Busch Bavarian Beer" (now known as Busch Beer ). The name would later be shifted to
7257-435: The Evraz steel company – mistakenly believing that the company's North American division was based there. However, the main motivation for accelerating the name change was the perceived need to disassociate with the steel company, largely owned by Russian oligarchs, following the 2022 Russian invasion of Ukraine . A nonprofit organization has the option to recognize a major gift from a donor by bestowing naming rights to
7380-426: The Philippines , Jesus Is Lord Church Worldwide , Jesus Miracle Crusade , Kingdom of Jesus Christ: The Name Above Every Name (during early years), Shalom CCFI (Every Holy Week), the Special Assembly of Jehovah's Witnesses and Victory Christian Fellowship . During its opening on March 16, 1960, the boxing match between Gabriel "Flash" Elorde and Harold Gomes garnered a full capacity of 36,000 people who viewed
7503-481: The United States include Madrid Metro where the metro line Line 2 and the station Sol was renamed from 2013 to 2016 after the mobile phone operator Vodafone , and Monumento Station in the Manila Light Rail Transit System in the Philippines , which was renamed Yamaha Monumento Station on February 14, 2018, after renovations. Naming rights in the realm of sports is common for both stadiums and sports competitions and series. In addition, some sports teams adopt
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#17327757641317626-426: 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,
7749-454: 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
7872-480: The arena, having held them since the venue's opening in 1999). The home of the NHL 's Los Angeles Kings and NBA 's Los Angeles Lakers became known as Crypto.com Arena on December 25, 2021. Prior to the Crypto.com Arena deal, the record belonged to Toronto's Scotiabank Arena (formerly the Air Canada Centre, which opened in 1999), which garnered a deal of CA$ 800 million (US$ 517 million) over 20 years starting in 2018. The New Meadowlands Stadium, shared home of
7995-433: The boxing match live breached its capacity, wherein the total capacity of the coliseum was only 36,000 people, while the total number of people who came to the coliseum totaled to around 50,000 people. The coliseum also featured a swimming pool and a gazebo during its opening, located to the current site of the Araneta City Parking Garage South and the Novotel Manila Araneta City . However, the featured facilities closed down
8118-516: The buyer is well-established and has strong local connections to the area, such as the cases of Rich Stadium (now Highmark BlueCross BlueShield Stadium ) in the Buffalo suburb of Orchard Park , Heinz Field (now Acrisure Stadium) in Pittsburgh , and Coors Field in Denver . Selling the naming rights to an already-existing venue has been notably less successful, as in the attempt to rename Candlestick Park in San Francisco to 3Com Park. The general public (and some media outlets) continued to call
8241-402: The coliseum as part of his How I'm Feeling tour, on May 20, 2019. Additionally, Lauv also premiered his new single, Sad Forever during his concert. The coliseum also housed K-pop artists like Super Junior 's Super Show -the first Korean to perform in the arena, 2NE1 , SS501 , CNBLUE , Beast and EXO . K-pop group U-KISS also had their concert at the big dome and later released into
8364-888: The coliseum hosted Disney on Ice productions during the holiday season; since 2016, the Mall of Asia Arena in Pasay began hosting these productions. During its early years in the 1960s, international acts who have performed at the coliseum included Holiday on Ice , Harlem Globetrotters , Nat King Cole , Johnny Mathis , Neil Sedaka , Jo Ann Campbell , Ricky Nelson , Paul Anka , The Ventures , The Everly Brothers and The Dave Clark Five . Some notable international performers include Air Supply in 2008, Akon on July 4, 2009, Kelly Clarkson as part of her All I Ever Wanted World Tour on May 1, 2010, Incubus in 2008 and 2011, Carly Rae Jepsen in 2013 and 2015, Lady Gaga as part of her The Fame Ball Tour on August 11, 2009, Avril Lavigne as part of her The Best Damn Tour on September 3, 2008, The Black Star Tour on February 16, 2012 and
8487-459: The company in order to save funds for other business ventures. The plan was eventually scrapped in favor of the coliseum's renovation project, due to the coliseum's historical significance and for being a landmark in both the metropolis and the country. The company later hired Denzel Skinner to spearhead the renovation works, and drew inspiration from the renovation works made in some US indoor arenas. The coliseum underwent its first major renovation at
8610-477: 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
8733-406: 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
8856-446: 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
8979-427: The cost of ₱200 million. The major changes include the renovation of the lower box area, replacement of seats for the patron and lower box sections, and installation of a four-sided center-hung scoreboard. The section names were also given numerical designations: 100 for Patron section, 200 for Lower Box, 300 for Upper Box A, and 400 for Upper Box B. In 2006, an LED display was added to the scoreboard. From 2001 to 2008,
9102-416: 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
9225-466: The development of business and lifestyle buildings surrounding the coliseum, which ultimately gave rise to the Araneta Center, now renamed as the Araneta City . The Araneta Coliseum was constructed from 1957 to late 1959 and designed and built by Architect Dominador Lacson Lugtu and Engineer Leonardo Onjunco Lugtu. From 1960 to 1963, the Coliseum was recognized as the largest covered coliseum in
9348-577: The early 2000s, many new categories have opened up, such as the selling of the rights to name a new monkey species for $ 650,000. Naming rights to public transit stations have been sold in Las Vegas and Philadelphia ( NRG station , Jefferson Station , and Penn Medicine station ). Such sales have been contemplated in New York and Boston , and ruled out in San Francisco. A sponsorship for
9471-552: The facility what it had been known as for over three decades – i.e. Candlestick Park. After the agreement with 3Com expired, the rights were resold to Monster Cable , and the stadium was renamed Monster Park . San Francisco voters responded by passing an initiative (Proposition H) in the November 2004 elections that essentially stipulated the name must revert to Candlestick Park once the contract with Monster expired in 2008. The initiative proved largely ceremonial, however, and it
9594-594: 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
9717-538: The first and 17th–32nd classification rounds. The arena has hosted qualifying events for the FIBA Basketball World Cups. It hosted some matches for the first round of the 2023 FIBA Basketball World Cup qualification for the FIBA Asia - Oceania in February 2022. The arena, which was temporarily renamed to "Philippine Coliseum" for the event, was the venue of the infamous Thrilla in Manila ,
9840-409: The general public. Some people see it as an example of a selling out , especially when they see no obvious benefit to themselves. They often refuse to use a new name, preferring instead to use a non-branded name, especially in colloquial situations. Rebranding can also lead to confusion. In such cases, there may be a lengthy period during which the property is known by both names. A common example
9963-696: 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
10086-588: The highest-grossing event at the arena is the Pacquiao vs. Larios boxing fight between Manny Pacquiao and Óscar Larios , earning ₱96.2 million. A concert by Westlife was attended by 17,887 people and earned ₱18.5 million, while a Cliff Richard concert earned ₱17.2 million despite being watched by 5,647 spectators. Prior to the Ultimate All-Star Weekend in July 2011, it was announced that
10209-442: The host cities for the 2022 FIVB Volleyball Women's Nations League preliminary round, with the arena hosting the pool 4 matches of the tournament from June 14 to 19, and the 2022 FIVB Volleyball Men's Nations League preliminary round pool 3 matches from June 21 to 26. The coliseum also hosts other type of events including concerts, graduation ceremonies, seminars, ice shows , circuses, and beauty pageants. From 1990 until 2016,
10332-576: The largest dome in Asia from its opening in 1960 until 2001 when it was surpassed by the Ōita Stadium in Japan with a dome measuring 274.0 meters (899.0 ft). The Smart Araneta Coliseum is mostly used for indoor sports such as basketball. It is a main venue of the Philippine Basketball Association (PBA). The Big Dome is also used for other sports and events such as boxing , cockfighting , local and international concerts, circuses , religious gatherings, and beauty pageants. In 1952, J. Amado Araneta ,
10455-537: 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 ,
10578-516: 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
10701-595: The match live, yet the total number of people who visited the coliseum and wanted to purchase tickets totaled to around 50,000 people. The same scenario occurred on October 1, 1975, when the Thrilla in Manila took place. The Coliseum was filled with more than 36,000 people despite the hot & humid temperatures. In between the renovations done in 1999 and 2014, the seventh game of the 2013–14 PBA Philippine Cup Semifinals series between Barangay Ginebra San Miguel and San Mig Super Coffee Mixers on February 12, 2014, set
10824-410: The mid-2000s in most major league sites where only known sponsors have advertising displayed, "neutralizing" an arena has become a much easier process than in the past. Regina, Saskatchewan 's REAL District was formerly named " Evraz Place"; when discussing its 2022 rebranding, its owner Regina Exhibition Association Limited stated that it had sometimes received shipments and communications meant for
10947-678: The opening of Fenway Park in Boston . The stadium's owner had owned a realty company called "Fenway Realty" (itself, like the stadium, named for a nearby parkland ), so the promotional value of the naming may have likely been considered. Despite this, it is more widely believed to have begun in 1926 when William Wrigley , the chewing gum magnate and owner of the Chicago Cubs , named his team's stadium " Wrigley Field ". In 1953, Anheuser-Busch head and St. Louis Cardinals owner August Busch, Jr. proposed renaming Sportsman's Park , occupied by
11070-538: The period 1988–2015. Shell was formed in April 1907 through the merger of Royal Dutch Petroleum Company of 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
11193-564: 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
11316-452: The program ; examples include The Fleischmann's Yeast Hour , Texaco Star Theatre and The Philco Television Playhouse . This form of sponsorship fell out of favor in the late 1950s, although later examples include Mutual of Omaha's Wild Kingdom , which originally aired from 1963 to 1988. One of the last surviving examples is the now irregularly-airing Hallmark Hall of Fame , on the air since 1951. The International Star Registry
11439-506: 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,
11562-530: The record of 24,883. Later that year and after renovations, the third game of the UAAP Season 77 Men's Basketball Tournament Finals Series between the FEU Tamaraws and NU Bulldogs on October 15, 2014, set the all-time basketball attendance record of 25,138 which broke the previous record last October 8, 2014, the second game of the series (one week before the third game) attendance of 24,896. This
11685-440: The regular season and off-season opening games and championships of UAAP Basketball , UNTV Cup , and Maharlika Pilipinas Basketball League . The SEABA U16 Championship on May 14 to 18, 2017 and 2017 SEABA Championship on May 15 to 21, 2017 were held in the arena, where the Philippines won their 4th SEABA U-16 and 8th SEABA title. The first FIBA Basketball World Cup (previously called FIBA World Championship) held in Asia
11808-405: 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
11931-426: 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
12054-538: 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
12177-426: 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
12300-585: 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
12423-588: 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
12546-480: The third quarter of 1998, the Aranetas and Pilipinas Shell (local arm of Royal Dutch Shell ) started negotiations for a naming rights deal that would have lasted until 2008. The Aranetas, who wanted to retain their name at the arena rejected the proposed name " Shell Coliseum at the Araneta Center ". Instead, the parties agreed on a contract where Shell's name and logo will be painted at the arena's basketball court,
12669-803: 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
12792-447: The very traditional Indianapolis 500 ) embracing title sponsorship. Sports media coverage (such as ESPN news reports) typically refer to races by the town in which the home race track is held, avoiding the use of sponsored names in news coverage. Television and radio series, especially in the early days of each medium in the early-mid 20th century, frequently sold the naming rights to their programs to sponsors, most of whom bankrolled
12915-483: The world. Today, it remains one of the largest clear span domes in the world with a dome diameter of 108 meters. The coliseum opened on March 16, 1960, with Gabriel "Flash" Elorde boxing for the World Junior Lightweight crown against Harold Gomes . General admission then was 80 centavos, and the reserve section was five pesos. The total demand for people who wished to enter the coliseum to watch
13038-461: 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
13161-559: 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
13284-467: 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
13407-641: Was broken in the final game of the UAAP Season 86 Men's Basketball Tournament Finals between the De La Salle Green Archers and the UP Fighting Maroons , which was watched live by 25,192 people. Naming rights The distinctive characteristic for this type of naming rights is that the buyer gets a marketing property to promote products and services, promote customer retention and/or increase market share. There are several forms of corporate sponsored names. For example,
13530-534: Was center staged and has used the seating capacity to its 360-degree maximum. Filipina female supergroup DIVAS, which is composed of Kyla , Yeng Constantino , KZ Tandingan and Angeline Quinto staged two concerts at the Araneta, their first concert titled DIVAS Live in Manila, and another one in 2018 with Boyz II Men titled Boyz II Men with DIVAS. To date, the TNT BOYS are the youngest performers to stage
13653-490: 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
13776-850: 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
13899-567: Was devised. Steam-treated wood from a variety of Philippine hardwood such as apitong, tanguile and narra fitted using tongue and groove was also used as support. Araneta Coliseum, along with SM Mall of Asia Arena , is the primary venue of the Philippine Basketball Association (PBA) and the University Athletic Association of the Philippines (UAAP) basketball. It annually hosts every PBA basketball championship and NCAA basketball championship , as well as
14022-840: Was known as the Pop-Tarts Bowl. Team names and even whole leagues have occasionally been sold to corporate sponsors as well (examples include the New York Red Bulls in the former case, the NET10 Wireless Arena Football League for the latter), but this is generally rare in the United States and more common in other parts of the world. During the 1980s, sanctioned auto races in NASCAR and IndyCar began to abandon their traditional names in favor of exclusive sponsor names. The trend expanded rapidly in NASCAR such that in 1991, all 29 races in
14145-495: 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
14268-482: Was one of the " Seven Sisters " which dominated the global petroleum industry from the mid-1940s to 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
14391-426: Was overturned by the passage of Proposition C in 2009 in response to desperate economic times. The naming rights to the park were never resold and the stadium was closed and demolished in 2014. Sports stadiums with naming rights deals are most common in but not limited to the United States. "Named" stadiums can be found in countries including Australia, Japan, China, Finland, Canada, Israel and Germany, where 8 of
14514-774: 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
14637-400: Was reported as the "Highest Grossing Local Concert of All-time" until the girl group BINI surpassed the record in 2024. At the turn of the new millennium, Regine Velasquez held her iconic two-night sold-out concert entitled R2K: The Concert , in support of her album R2K , on April 7 and 8, 2000. R2K The Concert became the most attended concert at the coliseum with over 37,000 attendees,
14760-549: Was reportedly watched by a total of 1 billion viewers, and by 50,000 people inside the arena, breaching the venue's total design capacity of 36,000 people. Araneta Coliseum regularly hosts the UAAP Volleyball championships. It is one of the four primary venue for the Premier Volleyball League along with Filoil EcoOil Centre , PhilSports Arena , and Mall of Asia Arena . Quezon City was one of
14883-585: Was subsequently cancelled due to undisclosed reasons, and the construction of a parking lot that can accommodate up to 2,000 cars. The overall renovation project of the coliseum costed ₱1 billion. Additional improvements for the renovation of the coliseum were made in 2012, including the renovation of the Red Gate entrance and the Green Gate side facade, landscaped surroundings, and the replacement of Upper Box level seats, thus increasing its seating capacity . The Lower Box and Patron sections were combined to make
15006-556: 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
15129-438: Was the 1978 FIBA World Championship in the Philippines from October 1 to 14, 1978. The arena was one of the two venues, alongside Rizal Memorial Coliseum , and was the venue for the final round. It was also one of the venues for the 2023 FIBA Basketball World Cup , which was co-hosted by the Philippines from August 25 to September 10, 2023. The tournament's final draw was held at the Coliseum on April 29, 2023. The arena hosted
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