Shell Essays

4287 Words 18 Pages
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Ship “Shell” Hit an Iceberg | Shell Oil Scandal in 2004 | | In 2004, the Shell Company was involved in an oil reserves reporting scandal. It made them caught in low point. | | Ines Chen, Leilani Zhao, Bingchen Wang |

Contents
Background……………………………………………………………………….. 2
Purpose of the case study… ………………………………………………...…2
Shell Company, the oil Industry giants………………………………………..3
The Iceberg ----Shell oil scandal ……………………………………………….. 4
Effect of the Scandal ……………………….……………………………………..6
The Origins of the Scandal …….………………………………………………....7
Weak internal controls, the dual company structure ......……………….…7
The shortage of oil reserves and World oil crisis ……………….....………10
The Closed Corporate
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Why did the Shell companies choose to do this? Would they think that this failure was just a risk, they had no choice but to accept in the quest for growth and increased profit.

Shell Company, the oil Industry giants

Royal Dutch Shell, which was known as Shell, is a global oil and gas company. The Shell set headquarters in The Hague, Netherlands and also has a registered office in London, United Kingdom. It is the second-largest energy company and the fifth-largest company in the world. According to a composite measure, Forbes magazine said the Shell is one of the six oil and gas "super majors". “It is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading. It also has major renewable energy activities, including in biofuels, hydrogen, solar and wind power.” (ycharts, 2012)

In 1890, Jean Baptiste August Kessler founded Royal Dutch Petroleum Company in Holland. At the age of Henri Deterding, King William III of the Netherlands awarded this small oil exploration and productions company a Royal charter. After that time, the Royal Dutch was known as "Royal Dutch Company for the Working of Petroleum Wells in the Dutch Indies".

As we know, the Royal Dutch Shell Group was created in February 1907. At this time, the Royal Dutch Petroleum Company and the "Shell" Transport and Trading

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