by hfxPalmer
Last updated 10 years ago

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In 1833, shopkeeper Marcus Samuel decided to expand his London business. He sold antiques, but now added oriental shells. It was during a trip to Japan that Marcus became interested in the oil exporting business then based in Baku, Russia. Marcus and Sam commissioned a fleet of steamers to carry oil in bulk, using for the first time the Suez Canal. With the maiden voyage of the first bulk tanker, the “Murex”, through the Suez Canal in 1892 the Samuels had achieved a revolution in oil transportation. The Samuel brothers initially called their company The Tank Syndicate but in 1897 renamed it the Shell Transport and Trading Company. Petroleum was also being produced in the East Indies because this was the origin of what was to become the Royal Dutch Petroleum Company. Faced with the competition from the Samuels’ low bulk transport costs, Royal Dutch began the construction of tankers and bulk storage installations and set up its own sales organization. In 1904, the scallop shell or pectin replaced Shell Transports first marketing logo, a mussel shell. The full merger of the two companies into the Royal Dutch Shell Group came in 1907. The Group rapidly expanded across the world. Marketing companies were formed throughout Europe and in many parts of Asia. Exploration and production began in Russia, Romania, Venezuela, Mexico and the United States. Shell made a major contribution to the Allies’ war effort by becoming the main supplier of fuel to the British Expeditionary Force. By the end of the 1920s Shell was the world’s leading oil company, producing 11% of the globe’s crude oil supply and owning 10% of its tanker tonnage. In 1947, the first commercially viable offshore oil well was drilled in the Gulf of Mexico. Two years later Shell drew its own first sub sea oil there. By 1955 Shell had 300 offshore wells, mostly in the Gulf. Shell contributed to the invention of the jet engine. In 1950 Shell formed a partnership with Ferrari in Formula One to help develop its lubricants; a partnership which endures to this day. In 1973, Shell moved into nuclear energy by forming a partnership with Gulf Oil to manufacture gas-cooled reactors and their fuels. Shares started being sold on 20 July 2005.The only business I could find was Shell. The 52 high and low are 87.54:high-41.41:low.


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