- Business
- Shell plc is a global integrated energy and petrochemical company engaged in the exploration, production, refining, distribution, and marketing of oil and natural gas. Its core products and services include liquefied natural gas (LNG) and gas-to-liquids fuels under its Integrated Gas segment; exploration and production of crude oil, natural gas, and natural gas liquids in its Upstream segment; refining, marketing, and chemical manufacturing along with lubricants production in its Downstream segment; and renewable energy solutions in its Renewables and Energy Solutions segment. The company operates approximately 44,000 service stations worldwide and maintains a presence in over 70 countries, including significant operations in Europe, Asia, Oceania, Africa, the United States, and other Americas. Founded in 1907 and headquartered in London, UK, Shell serves a diverse customer base that spans industrial, commercial, and retail sectors.
Recent major developments include Shell's acquisition of an increased interest in Nigeria's deep-water Bonga field, raising its stake from 55% to 65%, reinforcing its upstream growth strategy in competitive existing assets. Shell has also launched new advanced motor oil products under its Shell Helix Ultra brand, offering improved engine power and fuel efficiency with rollouts across China and Europe. Additionally, Shell Foundation continues to expand strategic partnerships, notably with Zypp Electric in India to boost electric vehicle rental solutions and promote EV adoption among women. The company is actively pursuing its Energy Transition Strategy 2024 aimed at reducing carbon emissions by investing in renewables, energy solutions, and cleaner fuel technologies. Shell completed the sale of its Nigeria Petroleum Development Company to Renaissance in 2024, reflecting a portfolio realignment towards low-carbon energy sources.
Shell’s business segments include Integrated Gas, Upstream, Downstream, Chemicals and Products, Marketing, and Renewables and Energy Solutions. Its broad geographic operations encompass countries worldwide, with key markets in Asia, Europe, and the Americas. Shell continues to lead in innovation within oil, gas, petrochemicals, and power generation while transitioning to a net-zero emissions energy system. The company employs approximately 96,000 people globally and reported revenues exceeding £200 billion with a strong focus on sustainable growth through strategic investments and partnerships in clean energy technologies.