Royal Dutch Shell Company Profile - 2406 Words

Oil Companies – Royal Dutch Shell I- Organizational Direction: Mission, Goals, Objectives The objectives of Royal Dutch Shell are to achieve efficiency, responsibility and profitability in oil, gas and other related businesses and to take part in research activities and developments of new sources of energy to meet the world’s demand for energy. They believe oil and gas will be important to meet that demand for energy for years to come, and most of their investments are directed to oil and gas technology research; investing in ways to increase productivity. Their main objective is to deliver oil and gas products profitably, while maintaining a strong position in the world market for oil and†¦show more content†¦Shell might be one of the most successful companies in the world today, but in an ever changing business environment where commodities prices go up and down without a notice, no one is impermeable to weaknesses, including Shell. Since fossil fuels are not renewable, Shell needs to be constantly looking for new supplies of this ever diminishing natur al resource, which is expensive and comes without guarantees. Shell is present in many unstable countries like Libya and Nigeria, which exposes Shell to risks; anytime a multinational company operates in unstable countries, the threat of nationalization is present, which usually results in big losses for the company that invested in those countries. Also, political changes are more likely to occur in unstable countries, and sometimes those changes come with revisions in exploration contracts, with the new political party in power wanting to set new rules or simply voiding existing contracts, and this can cause harm to production obligations that Shell has with its partners, which brings in even more uncertainties to these types of investments. The â€Å"green initiatives† that the company claims to be pursuing clearly have some flaws, such as outdated exploration techniques that produce many times the amount ofShow MoreRelatedSwot Analysis of Oil in Nigeria2736 Words   |  11 Pagesand Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2012 Summary This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Nigeria. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Nigeria. The profiles of the major companies operating in the upstream industry of Nigeria are also included in the report. The latest news and dealsRead MoreManagement and Leadership- A case study of Royal Dutch Shell1410 Words   |  6 Pages Research Paper 3: Leadership and Management: A case study of Royal Dutch Shell Submitted Management and Leadership MGMT 704 - 102 October 15th, 2013. 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The total revenues of the company amounted to  £60,931 millionRead MoreSTRATEGIC GLOBAL MARKETING: SHELL Essay2908 Words   |  12 PagesIntroduction: The Royal Dutch Shell is one of the biggest multinational petroleum companies, with its basis of origin in Dutch and Britain. It was considered as one of the worlds largest corporation by the Fortune in 2009. From its inception in 1907 till date, it has been able to emerge as a successful petroleum country reigning in the British markets. With its operations in 140 countries, the company has been able to successfully manage their business across borders, maintaining their core principlesRead MoreRisk Management Practices by Royal Shell1909 Words   |  8 Pages{draw:rect} {draw:rect} {draw:rect} {draw:rect} Risk Management practices by Royal Dutch Shell plc {draw:frame} Risk factors considered by Royal Dutch Shell plc Prices of oil, natural gas, oil products and chemicals are affected by supply and demand. Factors that influence these include operational issues, natural disasters, weather, political instability, or conflicts, economic conditions or actions by major oil-exporting countries. Price fluctuations can test our business assumptions, and canRead MoreMultinational Companies and Their Social Responsibilities (Α Case Study of Shell, Nigeria)15078 Words   |  61 PagesCHAPTER TWO 2.0 AN OVERVIEW OF SHELL DEVELOPMENT COMPANY IN NIGERIA 2.1 Introduction This chapter will provide basic knowledge of Shell Nigeria Oil Company and its operation in Nigeria, in particular regarding its ethics, performance, social involvement, contribution to national income and its contribution to keeping the environment green. Since the Rio Conference of 1992 the code of conduct for all extractive industries including crude oil mining companies has underlined the following principlesRead MoreShould The United States Suspend Arctic Offshore Drilling?1657 Words   |  7 Pages2012, companies were already attempting to return to the Arctic with no success. The author writes along 2012, â€Å"Royal Dutch Shell attempts exploratory drilling in the Beaufort and Chukchi seas but struggles in Arctic conditions†¦. Norwegian company Statoil postpones plans to drill offshore exploratory wells in the Alaskan Arctic† (Weeks). It is intriguing to blame these challenges solely on the U.S. government, when they had little to no part in the efforts made to extract this oil. The Royal Dutch