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179-626: 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 is the second largest investor-owned oil and gas company in the world by revenue (after ExxonMobil ), and among

358-568: 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

537-578: A common ancestor with languages such as English, German, and the Scandinavian languages . All Germanic languages are subject to the Grimm's law and Verner's law sound shifts, which originated in the Proto-Germanic language and define the basic features differentiating them from other Indo-European languages. This is assumed to have taken place in approximately the mid-first millennium BCE in

716-467: A schwa . The Middle Dutch dialect areas were affected by political boundaries. The sphere of political influence of a certain ruler often also created a sphere of linguistic influence, with the language within the area becoming more homogenous. Following the contemporary political divisions they are in order of importance: A process of standardisation started in the Middle Ages , especially under

895-601: A synod taking place in Corbridge , England , where the decisions are being written down " tam Latine quam theodisce " meaning "in Latin as well as common vernacular". According to a hypothesis by De Grauwe, In northern West Francia (i.e. modern-day Belgium) the term would take on a new meaning during the Early Middle Ages , when, within the context of a highly dichromatic linguistic landscape, it came to be

1074-584: 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

1253-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

1432-576: A comparison between the West Germanic languages, see the sections Phonology, Grammar, and Vocabulary. Dutch dialects are primarily the dialects that are both related with the Dutch language and are spoken in the same language area as the Dutch standard language . Although heavily under the influence of the standard language, some of them remain diverse and are found in the Netherlands and in

1611-467: A consequence evolve (along with Alemannic , Bavarian and Lombardic ) into Old High German. At more or less the same time the Ingvaeonic nasal spirant law, moving over Western Europe from west to east, led to the development of Old English (or Anglo-Saxon), Old Frisian and Old Saxon . Hardly influenced by either development, Old Dutch probably remained relatively close to the original language of

1790-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1969-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

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2148-587: 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

2327-410: 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

2506-681: 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

2685-827: 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). Multinational corporation Most of

2864-460: 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

3043-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

3222-582: A minority language in Germany and northern France's French Flanders . Though Belgium as a whole is multilingual, three of the four language areas into which the country is divided ( Flanders , francophone Wallonia , and the German-speaking Community ) are largely monolingual, with Brussels being bilingual. The Netherlands and Belgium produce the vast majority of music , films , books and other media written or spoken in Dutch. Dutch

3401-670: A minority) and the province of Walloon Brabant . Brabantian expands into small parts in the west of Limburg while its strong influence on the East Flemish of East Flanders and eastern Zeelandic Flanders weakens towards the west. In a small area in the northwest of North Brabant ( Willemstad ), Hollandic is spoken. Conventionally, the Kleverlandish dialects are distinguished from Brabantian, but there are no objective criteria apart from geography to do so. Over 5 million people live in an area with some form of Brabantian being

3580-420: A number of closely related, mutually intelligible dialects spoken in the former Old Dutch area. Where Old Dutch fragments are very hard to read for untrained Modern Dutch speakers, the various literary works of Middle Dutch are somewhat more accessible. The most notable difference between Old and Middle Dutch is in a feature of speech known as vowel reduction , whereby vowels in unstressed syllables are leveled to

3759-579: A political border, because the traditional dialects are strongly influenced by the national standard varieties. While a somewhat heterogeneous group of Low Franconian dialects, Limburgish has received official status as a regional language in the Netherlands and Germany, but not in Belgium. Due to this official recognition, it receives protection by chapter 2 of the European Charter for Regional or Minority Languages . Afrikaans , although to

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3938-413: A result, Nederduits no longer serves as a synonym for the Dutch language. In the 19th century, the term " Diets " was revived by Dutch linguists and historians as well, as a poetic name for Middle Dutch and its literature . Old Dutch can be discerned more or less around the same time as Old English (Anglo-Saxon), Old High German , Old Frisian , and Old Saxon . These names are derived from

4117-509: A result, when West Flemings try to talk Standard Dutch, they are often unable to pronounce the g-sound, and pronounce it similar to the h-sound. This leaves, for example, no difference between " held " (hero) and " geld " (money). Or in some cases, they are aware of the problem, and hyper-correct the "h" into a voiced velar fricative or g-sound, again leaving no difference. The West Flemish variety historically spoken in adjacent parts in France

4296-497: 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

4475-522: A significant degree mutually intelligible with Dutch, is usually not considered a dialect but instead a separate standardised language . It is spoken in South Africa and Namibia. As a daughter language of 17th-century Dutch dialects, Afrikaans evolved in parallel with modern Dutch, but was influenced by various other languages in South Africa. West Frisian ( Westerlauwers Fries ), along with Saterland Frisian and North Frisian , evolved from

4654-412: 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

4833-479: A somewhat different development since the late Middle Ages. Two dialect groups have been given the official status of regional language (or streektaal ) in the Netherlands. Like several other dialect groups, both are part of a dialect continuum that continues across the national border. The Dutch Low Saxon dialect area comprises the provinces of Groningen , Drenthe and Overijssel , as well as parts of

5012-424: A source language, mainly for law and history students. In Indonesia this involves about 35,000 students. Unlike other European nations, the Dutch chose not to follow a policy of language expansion amongst the indigenous peoples of their colonies. In the last quarter of the 19th century, however, a local elite gained proficiency in Dutch so as to meet the needs of expanding bureaucracy and business. Nevertheless,

5191-473: 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

5370-552: A unique prestige dialect and has a large dialectal continuum consisting of 28 main dialects, which can themselves be further divided into at least 600 distinguishable varieties. In the Netherlands, the Hollandic dialect dominates in national broadcast media while in Flanders Brabantian dialect dominates in that capacity, making them in turn unofficial prestige dialects in their respective countries. Outside

5549-537: Is kantor , handdoek "towel" in Indonesian is handuk , or bushalte "bus stop" in Indonesian is halte bus . In addition, many Indonesian words are calques of Dutch; for example, rumah sakit "hospital" is calqued on the Dutch ziekenhuis (literally "sickhouse"), kebun binatang "zoo" on dierentuin (literally "animal garden"), undang-undang dasar "constitution" from grondwet (literally "ground law"). These account for some of

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5728-466: Is a calque of the aforementioned Roman province Germania Inferior and an attempt by early Dutch grammarians to give their language more prestige by linking it to Roman times. Likewise, Hoogduits ("High German") and Overlands ("Upper-landish") came into use as a Dutch exonym for the various German dialects used in neighboring German states. Use of Nederduytsch was popular in the 16th century but ultimately lost out over Nederlands during

5907-544: Is a monocentric language , at least what concerns its written form, with all speakers using the same standard form (authorised by the Dutch Language Union ) based on a Dutch orthography defined in the so-called " Green Booklet " authoritative dictionary and employing the Latin alphabet when writing; however, pronunciation varies between dialects. Indeed, in stark contrast to its written uniformity, Dutch lacks

6086-537: Is also an official language of several international organisations, such as the European Union , Union of South American Nations and the Caribbean Community . At an academic level, Dutch is taught in about 175 universities in 40 countries. About 15,000 students worldwide study Dutch at university. In Europe, Dutch is the majority language in the Netherlands (96%) and Belgium (59%) as well as

6265-511: 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

6444-480: 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

6623-587: Is found in the Salic law . In this Frankish document written around 510 the oldest Dutch sentence has been identified: Maltho thi afrio lito ("I say to you, I free you, serf") used to free a serf. Another old fragment of Dutch is Visc flot aftar themo uuatare ("A fish was swimming in the water"). The oldest conserved larger Dutch text is the Utrecht baptismal vow (776–800) starting with Forsachistu diobolae ... ec forsacho diabolae (litt.: "Forsake you

6802-531: 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

6981-522: Is mostly Germanic; it incorporates slightly more Romance loans than German, but far fewer than English. In Belgium, the Netherlands and Suriname, the native official name for Dutch is Nederlands (historically Nederlandsch before the Dutch orthographic reforms ). Sometimes Vlaams (" Flemish ") is used as well to describe Standard Dutch in Flanders , whereas Hollands (" Hollandic ")

7160-487: Is occasionally used as a colloquial term for the standard language in the central and northwestern parts of the Netherlands. English uses the adjective Dutch as a noun for the language of the Netherlands and Flanders. The word is derived from Proto-Germanic *þiudiskaz . The stem of this word, *þeudō , meant "people" in Proto-Germanic, and *-iskaz was an adjective-forming suffix, of which -ish

7339-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

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7518-569: Is so distinct that it might be considered as a separate language variant, although the strong significance of language in Belgian politics would prevent the government from classifying them as such. An oddity of the dialect is that, the voiced velar fricative (written as "g" in Dutch) shifts to a voiced glottal fricative (written as "h" in Dutch), while the letter "h" becomes mute (like in French). As

7697-585: Is sometimes called French Flemish and is listed as a French minority language . However, only a very small and aging minority of the French-Flemish population still speaks and understands West Flemish. Hollandic is spoken in Holland and Utrecht , though the original forms of this dialect (which were heavily influenced by a West Frisian substratum and, from the 16th century on, by Brabantian dialects ) are now relatively rare. The urban dialects of

7876-637: Is spoken in Limburg (Belgium) as well as in the remaining part of Limburg (Netherlands) and extends across the German border. West Flemish ( Westvlaams ) is spoken in West Flanders , the western part of Zeelandic Flanders and also in French Flanders , where it virtually became extinct to make way for French. The West Flemish group of dialects, spoken in West Flanders and Zeeland ,

8055-595: Is taught in various educational centres in Indonesia, the most important of which is the Erasmus Language Centre (ETC) in Jakarta . Each year, some 1,500 to 2,000 students take Dutch courses there. In total, several thousand Indonesians study Dutch as a foreign language. Owing to centuries of Dutch rule in Indonesia, many old documents are written in Dutch. Many universities therefore include Dutch as

8234-662: Is the Modern English form. Theodiscus was its Latinised form and used as an adjective referring to the Germanic vernaculars of the Early Middle Ages . In this sense, it meant "the language of the common people". The term was used as opposed to Latin , the non -native language of writing and the Catholic Church . It was first recorded in 786, when the Bishop of Ostia writes to Pope Adrian I about

8413-404: Is the case with the ( standardised ) West Frisian language . It is spoken alongside Dutch in the province of Friesland . Dutch dialects and regional languages are not spoken as often as they used to be, especially in the Netherlands. Recent research by Geert Driessen shows that the use of dialects and regional languages among both Dutch adults and youth is in heavy decline. In 1995, 27 percent of

8592-632: Is the native language of most of the population of the Netherlands and Flanders (which includes 60% of the population of Belgium ). Dutch was one of the official languages of South Africa until 1925, when it was replaced by Afrikaans , a separate but partially mutually intelligible daughter language of Dutch. Afrikaans, depending on the definition used, may be considered a sister language , spoken, to some degree, by at least 16 million people, mainly in South Africa and Namibia , and evolving from Cape Dutch dialects. In South America, it

8771-448: Is the native language of the majority of the population of Suriname , and spoken as a second or third language in the polyglot Caribbean island countries of Aruba , Curaçao and Sint Maarten . All these countries have recognised Dutch as one of their official languages, and are involved in one way or another in the Dutch Language Union . The Dutch Caribbean municipalities ( St. Eustatius , Saba and Bonaire ) have Dutch as one of

8950-530: Is the sole official language, and over 60 percent of the population speaks it as a mother tongue . Dutch is the obligatory medium of instruction in schools in Suriname, even for non-native speakers. A further twenty-four percent of the population speaks Dutch as a second language . Suriname gained its independence from the Netherlands in 1975 and has been an associate member of the Dutch Language Union since 2004. The lingua franca of Suriname, however,

9129-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

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9308-531: The 2006 New Zealand census , 26,982 people, or 0.70 percent of the total population, reported to speak Dutch to sufficient fluency that they could hold an everyday conversation. In contrast to the colonies in the East Indies , from the second half of the 19th century onwards, the Netherlands envisaged the expansion of Dutch in its colonies in the West Indies . Until 1863, when slavery was abolished in

9487-515: 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

9666-578: The Bergakker inscription , found near the Dutch city of Tiel , which may represent a primary record of 5th-century Frankish. Although some place names recorded in Roman texts such as vadam (modern Dutch: wad , English: "mudflat"), could arguably be considered as the oldest single "Dutch" words, the Bergakker inscription yields the oldest evidence of Dutch morphology. However, interpretations of

9845-455: The Brussels and Flemish regions of Belgium . The areas in which they are spoken often correspond with former medieval counties and duchies. The Netherlands (but not Belgium) distinguishes between a dialect and a streektaal (" regional language "). Those words are actually more political than linguistic because a regional language unites a large group of very different varieties. Such is

10024-848: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

10203-752: 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

10382-554: The High German consonant shift , does not use Germanic umlaut as a grammatical marker, has largely abandoned the use of the subjunctive , and has levelled much of its morphology , including most of its case system . Features shared with German, however, include the survival of two to three grammatical genders  – albeit with few grammatical consequences  – as well as the use of modal particles , final-obstruent devoicing , and (similar) word order . Dutch vocabulary

10561-493: The Low Countries , its meaning being largely implicitly provided by the regional orientation of medieval Dutch society: apart from the higher echelons of the clergy and nobility, mobility was largely static and hence while "Dutch" could by extension also be used in its earlier sense, referring to what today would be called Germanic dialects as opposed to Romance dialects , in many cases it was understood or meant to refer to

10740-591: The Low Franconian languages, paired with its sister language Limburgish or East Low Franconian. Its closest relative is the mutually intelligible daughter language Afrikaans. Other West Germanic languages related to Dutch are German , English and the un-standardised languages Low German and Yiddish . Dutch stands out in combining some Ingvaeonic characteristics (occurring consistently in English and Frisian and reduced in intensity from west to east over

10919-587: 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

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11098-471: 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

11277-531: The Randstad , which are Hollandic dialects, do not diverge from standard Dutch very much, but there is a clear difference between the city dialects of Rotterdam , The Hague , Amsterdam and Utrecht . In some rural Hollandic areas more authentic Hollandic dialects are still being used, especially north of Amsterdam. Another group of dialects based on Hollandic is that spoken in the cities and larger towns of Friesland , where it partially displaced West Frisian in

11456-491: 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

11635-543: The Southern Netherlands (now Belgium and Luxembourg), developments were different. Under subsequent Spanish , Austrian and French rule , the standardisation of Dutch language came to a standstill. The state, law, and increasingly education used French, yet more than half the Belgian population were speaking a variety of Dutch. In the course of the 19th century, the Flemish Movement stood up for

11814-642: 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,

11993-431: The antonym of *walhisk (Romance-speakers, specifically Old French ). The word, now rendered as dietsc (Southwestern variant) or duutsc (Central and Northern Variant), could refer to the Dutch language itself, as well as a broader Germanic category depending on context. During the High Middle Ages " Dietsc / Duutsc " was increasingly used as an umbrella term for the specific Germanic dialects spoken in

12172-471: The continental West Germanic plane) with dominant Istvaeonic characteristics, some of which are also incorporated in German. Unlike German, Dutch (apart from Limburgish) has not been influenced at all by the south to north movement of the High German consonant shift and had some changes of its own. The cumulation of these changes resulted over time in separate, but related standard languages with various degrees of similarities and differences between them. For

12351-434: The differences in vocabulary between Indonesian and Malay. Some regional languages in Indonesia have some Dutch loanwords as well; for example, Sundanese word Katel or "frying pan" origin in Dutch is " ketel ". The Javanese word for "bike/ bicycle " " pit " can be traced back to its origin in Dutch " fiets ". The Malacca state of Malaysia was also colonized by the Dutch in its longest period that Malacca

12530-524: The pre-Roman Northern European Iron Age . The Germanic languages are traditionally divided into three groups: East (now extinct), West , and North Germanic. They remained mutually intelligible throughout the Migration Period . Dutch is part of the West Germanic group, which also includes English, Scots , Frisian , Low German (Old Saxon) and High German . It is characterised by a number of phonological and morphological innovations not found in North or East Germanic. The West Germanic varieties of

12709-401: 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 the Netherlands and The "Shell" Transport and Trading Company of

12888-518: The 14th to 15th century onward, its urban centers ( Deventer , Zwolle , Kampen , Zutphen and Doesburg ) have been increasingly influenced by the western written Dutch and became a linguistically mixed area. From the 17th century onward, it was gradually integrated into the Dutch language area. Dutch Low Saxon used to be at one end of the Low German dialect continuum . However, the national border has given way to dialect boundaries coinciding with

13067-538: The 16th century and is known as Stadsfries ("Urban Frisian"). Hollandic together with inter alia Kleverlandish and North Brabantian , but without Stadsfries, are the Central Dutch dialects . Brabantian is named after the historical Duchy of Brabant , which corresponded mainly to the provinces of North Brabant and southern Gelderland , the Belgian provinces of Antwerp and Flemish Brabant , as well as Brussels (where its native speakers have become

13246-557: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

13425-688: The 7th century. It was replaced in France by Old French (a Romance language with a considerable Old Frankish influence). However, the Old Franconian language did not die out at large, as it continued to be spoken in the Low Countries, and subsequently evolved into what is now called Old Low Franconian or Old Dutch in the Low Countries. In fact, Old Frankish could be reconstructed from Old Dutch and Frankish loanwords in Old French. The term Old Dutch or Old Low Franconian refers to

13604-417: The Dutch adult population spoke a dialect or regional language on a regular basis, but in 2011, that was no more than 11 percent. In 1995, 12 percent of children of primary school age spoke a dialect or regional language, but in 2011, that had declined to four percent. Of the officially recognised regional languages Limburgish is spoken the most (in 2011 among adults 54%, among children 31%) and Dutch Low Saxon

13783-490: The Dutch government remained reluctant to teach Dutch on a large scale for fear of destabilising the colony. Dutch, the language of power, was supposed to remain in the hands of the leading elite. After independence, Dutch was dropped as an official language and replaced by Indonesian , but this does not mean that Dutch has completely disappeared in Indonesia: Indonesian Dutch , a regional variety of

13962-415: The Dutch standard language is largely absent, and speakers of these Dutch dialects will use German or French in everyday speech. Dutch is not afforded legal status in France or Germany, either by the central or regional public authorities, and knowledge of the language is declining among younger generations. As a foreign language , Dutch is mainly taught in primary and secondary schools in areas adjacent to

14141-531: The Dutch standard language, it is not mutually intelligible with Dutch and considered a sister language of Dutch, like English and German. Approximate distribution of native Dutch speakers worldwide: Dutch is an official language of the Netherlands proper (not enshrined in the constitution but in administrative law ), Belgium, Suriname, the Dutch Caribbean municipalities (St. Eustatius, Saba and Bonaire), Aruba , Curaçao and Sint Maarten . Dutch

14320-408: The Dutch, was still spoken by about 500,000 half-blood in Indonesia in 1985. Yet the Indonesian language inherited many words from Dutch: words for everyday life as well as scientific and technological terms. One scholar argues that 20% of Indonesian words can be traced back to Dutch words, many of which are transliterated to reflect phonetic pronunciation e.g. kantoor "office" in Indonesian

14499-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

14678-602: The Franks. However, the language did experience developments of its own, such as very early final-obstruent devoicing . In fact, the find at Bergakker indicates that the language may already have experienced this shift during the Old Frankish period. Attestations of Old Dutch sentences are extremely rare. The language is mostly recorded on fragmentary relics, and words have been reconstructed from Middle Dutch and loan words from Old Dutch in other languages. The oldest recorded

14857-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

15036-576: The Netherlands and Flanders . In French-speaking Belgium , over 300,000 pupils are enrolled in Dutch courses, followed by over 23,000 in the German states of Lower Saxony and North Rhine-Westphalia , and about 7,000 in the French region of Nord-Pas-de-Calais (of which 4,550 are in primary school). At an academic level, the largest number of faculties of neerlandistiek can be found in Germany (30 universities), followed by France (20 universities) and

15215-412: The Netherlands and Belgium, the dialect spoken in and around the German town of Kleve ( Kleverlandish ) is historically and genetically a Low Franconian variety. In North-Western France, the area around Calais was historically Dutch-speaking (West Flemish), of which an estimated 20,000 are daily speakers. The cities of Dunkirk , Gravelines and Bourbourg only became predominantly French-speaking by

15394-514: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

15573-539: The Netherlands, although there are recognisable differences in pronunciation, comparable to the pronunciation differences between standard British and standard American English. In 1980 the Netherlands and Belgium concluded the Language Union Treaty . This treaty lays down the principle that the two countries must gear their language policy to each other, among other things, for a common system of spelling. Dutch belongs to its own West Germanic sub-group,

15752-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

15931-464: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

16110-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

16289-674: The United Kingdom (5 universities). Despite the Dutch presence in Indonesia for almost 350 years, as the Asian bulk of the Dutch East Indies , the Dutch language has no official status there and the small minority that can speak the language fluently are either educated members of the oldest generation, or employed in the legal profession such as historians, diplomats, lawyers, jurists and linguists/polyglots, as certain law codes are still only available in Dutch. Dutch

16468-558: 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 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

16647-541: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

16826-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

17005-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

17184-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

17363-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

17542-531: 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,

17721-766: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

17900-621: The West Indies, slaves were forbidden to speak Dutch, with the effect that local creoles such as Papiamento and Sranan Tongo which were based not on Dutch but rather other European languages, became common in the Dutch West Indies. However, as most of the people in the Colony of Surinam (now Suriname ) worked on Dutch plantations, this reinforced the use of Dutch as a means for direct communication. In Suriname today, Dutch

18079-507: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

18258-452: 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

18437-605: The area known as the Low Countries goes back further in time, with the Romans referring to the region as Germania Inferior ("Lower" Germania). It is a reference to the Low Countries' downriver location at the Rhine–Meuse–Scheldt delta near the North Sea . From 1551, the designation Nederlands received strong competition from the name Nederduytsch (literally "Low Dutch", Dutch being used in its archaic sense covering all continental West Germanic languages). It

18616-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

18795-624: The borders of other standard language areas. In most cases, the heavy influence of the standard language has broken the dialect continuum . Examples are the Gronings dialect spoken in Groningen as well as the closely related varieties in adjacent East Frisia (Germany). Kleverlandish is a dialect spoken in southern Gelderland , the northern tip of Limburg , and northeast of North Brabant (Netherlands), but also in adjacent parts of North Rhine-Westphalia (Germany). Limburgish ( Limburgs )

18974-479: The case with the Gronings dialect , which is considered a variety of the Dutch Low Saxon regional language, but it is relatively distinct from other Dutch Low Saxon varieties. Also, some Dutch dialects are more remote from the Dutch standard language than some varieties of a regional language are. Within the Netherlands, a further distinction is made between a regional language and a separate language, which

19153-553: The close of the 18th century, with (Hoog)Duytsch establishing itself as the Dutch exonym for German during this same period. In the 19th century Germany saw the rise of the categorisation of dialects, with German dialectologists terming the German dialects spoken in the mountainous south of Germany as Hochdeutsch ("High German"). Subsequently, German dialects spoken in the north were designated as Niederdeutsch ("Low German"). The names for these dialects were calqued by Dutch linguists as Nederduits and Hoogduits . As

19332-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

19511-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

19690-638: 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

19869-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

20048-406: 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

20227-444: 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

20406-413: The course of fifteen centuries. During that period, they forced Old Frisian back from the western coast to the north of the Low Countries, and influenced or even replaced Old Saxon spoken in the east (contiguous with the Low German area). On the other hand, Dutch has been replaced in adjacent lands in present-day France and Germany. The division into Old, Middle and Modern Dutch is mostly conventional, since

20585-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

20764-487: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

20943-590: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Dutch language Dutch ( endonym : Nederlands [ˈneːdərlɑnts] ) is a West Germanic language of the Indo-European language family , spoken by about 25 million people as a first language and 5 million as a second language and is the third most spoken Germanic language. In Europe, Dutch

21122-483: The declaration of independence of Indonesia, Western New Guinea , the "wild east" of the Dutch East Indies , remained a Dutch colony until 1962, known as Netherlands New Guinea . Despite prolonged Dutch presence, the Dutch language is not spoken by many Papuans, the colony having been ceded to Indonesia in 1963. Dutch-speaking immigrant communities can also be found in Australia and New Zealand. The 2011 Australian census showed 37,248 people speaking Dutch at home. At

21301-412: 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

21480-603: The development of a separate Dutch language. It was spoken by the descendants of the Salian Franks who occupied what is now the southern Netherlands , northern Belgium , part of northern France, and parts of the Lower Rhine regions of Germany. The High German consonant shift, moving over Western Europe from south to west, caused a differentiation with the Central and High Franconian in Germany. The latter would as

21659-474: The devil? ... I forsake the devil"). If only for its poetic content, the most famous Old Dutch sentence is probably Hebban olla vogala nestas hagunnan, hinase hic enda tu, wat unbidan we nu ("All birds have started making nests, except me and you, what are we waiting for"), is dated to around the year 1100, written by a Flemish monk in a convent in Rochester , England . Since the sentence speaks to

21838-489: The end of the 19th century. In the countryside, until World War I , many elementary schools continued to teach in Dutch, and the Catholic Church continued to preach and teach the catechism in Dutch in many parishes. During the second half of the 19th century, Dutch was banned from all levels of education by both Prussia and France and lost most of its functions as a cultural language. In both Germany and France,

22017-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

22196-592: 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

22375-631: 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

22554-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

22733-415: The imagination, it is often erroneously stated as the oldest Dutch sentence. Old Dutch naturally evolved into Middle Dutch . The year 1150 is often cited as the time of the discontinuity, but it actually marks a time of profuse Dutch writing; during this period a rich Medieval Dutch literature developed. There was at that time no overarching standard language ; Middle Dutch is rather a collective name for

22912-656: The influence of the Burgundian Ducal Court in Dijon ( Brussels after 1477). The dialects of Flanders and Brabant were the most influential around this time. The process of standardisation became much stronger at the start of the 16th century, mainly based on the urban dialect of Antwerp . The 1585 fall of Antwerp to the Spanish army led to a flight to the northern Netherlands, where the Dutch Republic declared its independence from Spain. This influenced

23091-576: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

23270-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

23449-563: The language now known as Dutch. In the Low Countries Dietsch or its Early Modern Dutch form Duytsch as an endonym for Dutch gradually went out of common use and was gradually replaced by the Dutch endonym Nederlands . This designation (first attested in 1482) started at the Burgundian court in the 15th century, although the use of neder , laag , bas , and inferior ("nether" or "low") to refer to

23628-482: 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 ,

23807-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

23986-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

24165-629: The least (adults 15%, children 1%). The decline of the West Frisian language in Friesland occupies a middle position (adults 44%, children 22%). Dialects are most often spoken in rural areas, but many cities have a distinct city dialect. For example, the city of Ghent has very distinct "g", "e" and "r" sounds that greatly differ from its surrounding villages. The Brussels dialect combines Brabantian with words adopted from Walloon and French . Some dialects had, until recently, extensions across

24344-511: 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

24523-638: 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

24702-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

24881-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

25060-782: 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 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

25239-437: The modern standard languages . In this age no standard languages had yet developed, while a perfect West Germanic dialect continuum remained present; the division reflects the contingent future contribution dialect groups would have to the later languages. The early form of Dutch was a set of Franconian dialects spoken by the Salian Franks in the 5th century. These happened to develop through Middle Dutch to Modern Dutch over

25418-501: The official languages. In Asia, Dutch was used in the Dutch East Indies (now mostly Indonesia ) by a limited educated elite of around 2% of the total population, including over 1 million indigenous Indonesians, until it was banned in 1957, but the ban was lifted afterwards. About a fifth of the Indonesian language can be traced to Dutch, including many loan words . Indonesia's Civil Code has not been officially translated, and

25597-470: The original Dutch language version dating from colonial times remains the authoritative version. Up to half a million native speakers reside in the United States, Canada and Australia combined, and historical linguistic minorities on the verge of extinction remain in parts of France and Germany. Dutch is one of the closest relatives of both German and English, and is colloquially said to be "roughly in between" them. Dutch, like English, has not undergone

25776-527: The predominant colloquial language out of the area's 22 million Dutch-speakers. Limburgish , spoken in both Belgian Limburg and Netherlands Limburg and in adjacent parts in Germany, is considered a dialect in Belgium, while having obtained the official status of regional language in the Netherlands. Limburgish has been influenced by the Ripuarian varieties like the Colognian dialect , and has had

25955-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

26134-561: 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

26313-503: 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,

26492-411: The provinces of Gelderland , Flevoland , Friesland and Utrecht . This group, which is not Low Franconian but instead Low Saxon and close to neighbouring Low German, has been elevated by the Netherlands (and by Germany) to the legal status of streektaal ( regional language ) according to the European Charter for Regional or Minority Languages . It is regarded as Dutch for a number of reasons. From

26671-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

26850-515: The rest of the text lack any consensus. The Franks emerged in the southern Netherlands ( Salian Franks ) and central Germany ( Ripuarian Franks ), and later descended into Gaul . The name of their kingdom survives in that of France. Although they ruled the Gallo-Romans for nearly 300 years, their language, Frankish , became extinct in most of France and was replaced by later forms of the language throughout Luxembourg and Germany in around

27029-405: 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

27208-423: The rights of Dutch speakers, mostly referred to as "Flemish". However, the dialect variation was a serious disadvantage in the face of the standardised francophony . Since standardisation is a lengthy process, Dutch-speaking Belgium associated itself with the standard language that had already developed in the Netherlands over the centuries. Therefore, the situation in Belgium is essentially no different from that in

27387-524: The same branch of the West Germanic languages as Old English (i.e. Anglo-Frisian ) and are therefore genetically more closely related to English and Scots than to Dutch. The different influences on the respective languages, however, particularly that of Norman French on English and Dutch on West Frisian, have rendered English quite distinct from West Frisian, and West Frisian less distinct from Dutch than from English. Although under heavy influence of

27566-423: 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

27745-455: The set of Franconian dialects (i.e. West Germanic varieties that are assumed to have evolved from Frankish ) spoken in the Low Countries during the Early Middle Ages , from around the 5th to the 12th century. Old Dutch is mostly recorded on fragmentary relics, and words have been reconstructed from Middle Dutch and Old Dutch loanwords in French. Old Dutch is regarded as the primary stage in

27924-535: 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

28103-425: 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

28282-584: 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

28461-442: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

28640-425: 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 was completed in 1931, and

28819-430: The time are generally split into three dialect groups: Ingvaeonic (North Sea Germanic), Istvaeonic (Weser–Rhine Germanic) and Irminonic (Elbe Germanic). It appears that the Frankish tribes fit primarily into the Istvaeonic dialect group with certain Ingvaeonic influences towards the northwest, which are still seen in modern Dutch. The Frankish language itself is not directly attested, the only possible exception being

28998-417: The transition between them was very gradual. One of the few moments when linguists can detect something of a revolution is when the Dutch standard language emerged and quickly established itself. The development of the Dutch language is illustrated by the following sentence in Old, Middle and Modern Dutch: Among the Indo-European languages , Dutch is grouped within the Germanic languages , meaning it shares

29177-420: The urban dialects of the province of Holland . In 1637, a further important step was made towards a unified language, when the Statenvertaling , the first major Bible translation into Dutch, was created that people from all over the new republic could understand. It used elements from various, even Dutch Low Saxon , dialects but was predominantly based on the urban dialects of Holland of post 16th century. In

29356-414: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

29535-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

29714-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

29893-405: 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

30072-437: 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

30251-465: 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

30430-633: 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

30609-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

30788-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

30967-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

31146-412: 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

31325-479: 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

31504-428: 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

31683-503: 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 the value of World War II military production contracts. The 1930s saw Shell's Mexican assets seized by

31862-401: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

32041-417: Was under foreign control. In the 19th century, the East Indies trade started to dwindle, and with it the importance of Malacca as a trading post. The Dutch state officially ceded Malacca to the British in 1825. It took until 1957 for Malaya to gain its independence. Despite this, the Dutch language is rarely spoken in Malacca or Malaysia and only limited to foreign nationals able to speak the language. After

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