Shell now the second biggest non-state oil company

shell rmnoa357 shutterstockThe acquisition of BG Group cost Shell almost US$52bn. (Image source: rmnoa357/Shutterstock)Shell has overtaken Chevron to become the world’s second largest non-state oil company, in the wake of the company’s acquisition of BG Group

This move increases Shell’s value to US$191.8bn, which moves it ahead of Chevron, currently valued at US$161.5bn. Texas-based ExxonMobil remains the world’s biggest non-state oil company with a value of US$337.5bn.

The acquisition of BG Group cost Shell almost US$52bn and the deal was completed yesterday, after first being mooted in April 2015. It is the biggest oil deal this decade to date.

Shell has a major presence in the Middle East, with operations in UAE, Jordan, Egypt and Qatar. A new joint venture petrochemicals project is also underway in Qatar.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?