SHELL PLC

Company Description

Shell is one of the world's largest integrated energy companies and the second-largest investor-owned oil and gas company by revenue, behind only ExxonMobil. The company operates across the entire energy value chain—from exploring and extracting oil and gas to refining, distributing, and selling fuels at over 46,000 service stations worldwide. Beyond traditional fossil fuels, Shell is a global leader in liquefied natural gas (LNG), operating the world's largest LNG business. The company is also investing significantly in the energy transition, with commitments of €10-15 billion between 2023-2025 in low-carbon solutions including electric vehicle charging networks, biofuels, hydrogen, and renewable power generation. The company traces its origins to 1907 when Royal Dutch Petroleum and Shell Transport merged. Originally headquartered in The Hague, Shell relocated its headquarters to London in 2022 and simplified its corporate structure, dropping 'Royal Dutch' from its name. Despite this move, the company maintains a strong presence in the Netherlands and remains listed on Euronext Amsterdam. Shell operates in more than 70 countries with approximately 80,000 employees. The company generated €284 billion in revenue in 2024 and aims to become a net-zero emissions energy business by 2050. Under CEO Wael Sawan's leadership since 2023, Shell has focused on growing its LNG business by 4-5% annually while maintaining disciplined capital spending and returning substantial cash to shareholders through dividends and buybacks.