Shell Oil in the context of "List of largest companies by revenue"

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⭐ Core Definition: Shell Oil

Shell plc is a British multinational oil and gas company, headquartered in London, United Kingdom. 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 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 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 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.

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In this Dossier

Shell Oil in the context of Autogas

Autogas is liquefied petroleum gas (LPG) used as a fuel in internal combustion engines of vehicles as well as in stationary applications such as generators. It is a mixture of propane and butane.

Autogas is widely used as a "green" fuel, as its use reduces CO2 exhaust emissions by around 15% compared to petrol. One litre of petrol produces 2.3 kg of CO2 when burnt, whereas the equivalent amount of autogas (1.33 litres due to the lower density of autogas) produces 2 kg of CO2 when burnt. CO emissions are 30% lower compared to petrol, and NOx is reduced by 50%. It has an octane rating (MON/RON) that is between 90 and 110 and an energy content (higher heating value—HHV) that is between 25.5 megajoules per litre (for pure propane) and 28.7 megajoules per litre (for pure butane) depending upon the actual fuel composition.

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Shell Oil in the context of Diesel engine

The diesel engine is an internal combustion engine in which ignition of diesel fuel is caused by the elevated temperature of the air in the cylinder due to mechanical compression; thus, the diesel engine is called a compression-ignition engine (or CI engine). This contrasts with engines using spark plug-ignition of the air-fuel mixture, such as a petrol engine (gasoline engine) or a gas engine (using a gaseous fuel like natural gas or liquefied petroleum gas). The diesel engine is named after its inventor, German engineer Rudolf Diesel.

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Shell Oil in the context of Aframax

An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms.

Due to their favorable size, Aframax tankers can serve most ports in the world. These vessels serve regions that do not have very large ports or offshore oil terminals to accommodate Very Large Crude Carriers and Ultra-Large Crude Carriers. Aframax tankers are optimal for short- to medium-haul crude oil transportation. Aframax class tankers are largely used in the basins of the Black Sea, the North Sea, the Caribbean Sea, the South and East China Seas, and the Mediterranean. Non–OPEC exporting countries may require the use of this type of vessel because the harbors and canals through which these countries export their oil are too small to accommodate the Suezmax or the larger categories.

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