Shell

Shell plc is one of the world's five largest integrated oil and gas companies, headquartered in London and publicly traded on the London Stock Exchange and New York Stock Exchange (NYSE: SHEL; LSE: SHEL). The company was formed in April 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and The Shell Transport and Trading Company of the United Kingdom, with the merger arranged by British-Armenian oil magnate Calouste Gulbenkian. The dual heritage — Dutch operational excellence and British trading acumen — shaped the company's character for over a century. Shell generated approximately $267 billion in revenues in 2025 and employs approximately 85,000 people globally, with operations spanning upstream oil and gas exploration and production, liquefied natural gas (LNG) trading, oil refining, petrochemicals, retail fueling, EV charging, and renewable power.

Shell's LNG business is its most strategically distinctive asset: the company is the world's largest trader of LNG and operates a portfolio of liquefaction plants including the pioneering Prelude FLNG (floating LNG) facility off Western Australia and the Pearl Gas-to-Liquids plant in Qatar. This LNG position gives Shell unparalleled insight into global natural gas markets and a powerful commercial rationale for CCS, since decarbonizing LNG production is one of the most direct paths to reducing the lifecycle emissions of its most strategic product.

In the context of this tracker, Shell appears through several investments in clean technology. Shell Ventures has invested in multiple companies across this database, and Shell's New Energies business has pursued offshore wind (notably the NorthC Offshore and Atlantic Shores projects), hydrogen, and carbon capture. Shell has also developed the Quest CCS project in Alberta, Canada, one of the world's longest-running industrial CCS operations, which has captured over 9 million tonnes of CO₂ since 2015. CEO Wael Sawan, who took over in January 2023, has led a recalibration of Shell's energy transition ambitions toward greater capital discipline and a tighter focus on gas, LNG, and chemicals, scaling back some renewable electricity targets.

Publicly traded (NYSE: SHEL; LSE: SHEL). One of the world's largest oil and gas supermajors (~$267B revenue in 2025). No major external VC or PE investors; funded through public equity and debt markets. Formerly Royal Dutch Shell plc; renamed Shell plc in January 2022.