Essay on Oil Market

wThe 6 oil and gas supermajors / Described so because used to have more that 85% of the world’s oil reserves. They began to merge after the oil crisis. The use of the term excludes national producers and OPEC oil companies who have a greater role in setting prices than the supermajors.

1. Shell

Shell's primary business is the management of a vertically integrated oil company. The development of technical and commercial expertise in all stages of this vertical integration, from the initial search for oil (exploration) through its harvesting (production), transportation, refining and finally trading and marketing established the core competencies on which the company was founded

In November 2004, following a period of turmoil caused by the revelation that Shell had been overstating its oil reserves, it was announced that the Shell Group would move to a single capital structure, creating a new parent company to be named Royal Dutch Shell plc

Shell chairman are usually Dutch or British {Identity}

4 groupings :

* Upstraim International = outside the Americas // searches for and recovers crude oil and natural gas

* Upstrail Americas

* Downstream = manufacturing, distribution and marketing activities for oil products and chemicals

* Projects and technology

Decentralised business (especially for downstream) ww with companies in over 100 countries each of which operated with a high degree of independance.

Upstream is far more centralised in the Gaghe with much of the technical and financial direction.

https://www.quora.com/What-is-it-like-to-work-at-Shell

Shell has over 92 000 employees and with a large vertically integrated line of business which can be split into upstream and downstream, with parts of the business operating in over 90 countries. Their headquarters are based in The Hague, the Netherlands.

You meet people from all around the world/global lifestyle adapted to one another. Since they operate mega-projects and have...