ExxonMobil,
one of the world’s largest publicly traded energy providers and chemical
manufacturers, develops and applies next-generation technologies to help safely
and responsibly meet the world’s growing needs for energy and high-quality
chemical products.
Our Mission
Fueling the
world safely and responsibly
Access to
energy underpins human comfort, mobility, economic prosperity and social
progress. It touches nearly every aspect of modern life. Over the course of its
long history of more than a century, ExxonMobil has evolved from a regional
marketer of kerosene to an advanced energy and chemical innovator, and one of
the largest publicly traded companies in the world. An industry leader in
almost every aspect of the energy and chemical manufacturing businesses, we
operate facilities or market products in most of the world’s countries, explore
for oil and natural gas on six continents, and research and develop
next-generation technologies to help meet the dual challenge of fueling global
economies while addressing the risks of climate change.
Worldwide,
ExxonMobil markets fuels and lubricants under four brands: Esso, Exxon, Mobil
and ExxonMobil Chemical.
Our guiding
principles
Exxon Mobil
Corporation is committed to being the world's premier petroleum and chemical
manufacturing company. To that end, we must continuously achieve superior
financial and operating results while adhering to high ethical standards.
Standards of
business conduct
How we
achieve strong results is as important as the results themselves. The company's
directors, officers and employees are expected to observe the highest standards
of integrity in conducting business.
Our history
Over the past
135 years ExxonMobil has evolved from a regional marketer of kerosene in the
U.S. to the largest publicly traded petroleum and petrochemical enterprise in
the world.
Today we
operate in most of the world's countries and are best-known by our familiar
brand names: Exxon, Esso and Mobil. We make the products that drive modern
transportation, power cities, lubricate industry and provide petrochemical
building blocks that lead to thousands of consumer goods.
1859
Colonel Edwin
Drake and Uncle Billy Smith drill the first successful oil well in Titusville,
Pennsylvania. The colonel's discovery triggers an oil boom that parallels the
gold rush of a decade earlier.
Colonel Edwin
Drake and Uncle Billy Smith drill the first successful oil well in Titusville,
Pennsylvania
1870
Rockefeller
and his associates form the Standard Oil Company (Ohio), with combined
facilities constituting the largest refining capacity of any single firm in the
world. The name Standard is chosen to signify high, uniform quality.
1879
Standard Oil
Co. purchases a three-quarters interest in Vacuum Oil Company for $200,000. As
a lubricants pioneer, Vacuum Oil introduces a number of popular products,
including the revolutionary Gargoyle 600-W Steam Cylinder Oil.
1882
Standard Oil
lubricates Thomas Edison's first central generating system. Also in this year,
Standard Oil Trust forms to include the Standard Oil Company of New Jersey
(Jersey Standard) and the Standard Oil Company of New York (Socony).
1885
The Standard
Oil Trust moves its headquarters to 26 Broadway, New York City. The nine-story
office building becomes a landmark. The same year, Vacuum develops Gargoyle
Arctic engine oils for newly designed generators and motors that operate at
speeds of up to 1,000 rpm.
1903
The Wright
brothers, Wilbur and Orville, use both Jersey Standard fuel and Mobiloil
(Vacuum) lubricants for their historic first flight at Kitty Hawk, North
Carolina.
1906
Socony gains
a strong foothold in the vast market for kerosene in China by developing small
lamps that burned kerosene efficiently. The lamps become known as Mei-Foo, from
the Chinese symbols for Socony, meaning "beautiful confidence."
1911
Following a
landmark U.S. Supreme Court decision, Standard Oil breaks up into 34 unrelated
companies, including Jersey Standard, Socony and Vacuum Oil. The year also marks the first time Jersey
Standard's sales of kerosene are surpassed by gasoline, a product that in the
early days had often been discarded as a nuisance.
1915
Ralph De
Palma, winner of the Indianapolis 500, is the first of many Indy winners to use
Mobil products. His average speed: 89.84 mph.
1919
Jersey
Standard acquires a 50-percent interest in Humble Oil & Refining Company of
Texas. It was during this year that Humble, led by its pioneering Chief
Geologist Wallace Pratt, employed micropaleontology, the study of microscopic
fossils contained in cuttings and core samples from drilling, as an aid in
finding oil.
1920
Jersey
Standard researchers produce rubbing alcohol, or isopropyl alcohol — the first
commercial petrochemical.
1926
Embodying the
phonetic rendition of the initials ‘S’ and ‘O’ in Standard Oil, Jersey Standard
brings out a new blend of fuel under the trade name Esso.
1927
Humble
geophysicists use a refraction seismograph and discover an oil field in
Sugarland, Texas.
1928
Amelia
Earhart uses Mobiloil to protect Friendship when she makes her historic solo
flight across the Atlantic. The previous year, Charles Lindbergh used Mobiloil
in the Spirit of St. Louis on the first solo flight across the Atlantic.
1936
First
commercial unit in a cat-cracking refinery begins operation at Socony-Vacuum’s
Paulsboro, New Jersey, refinery. The unit used a process developed by French
scientist Eugene P. Houdry with the financial backing of Socony-Vacuum. The
process added a clay-like catalyst to the cracking process to boost gasoline
yields and octane rating.
1937
Jersey
Standard researchers produce an artificial rubber, butyl. Today, butyl is used
in the creation of tires, surgical tapes, protective coatings and more.
1938
The world's
first commercial production of alkylate begins at a Humble plant in Baytown,
Texas. Alkylation made possible the manufacturing of iso-octane, used as a
blending agent to produce 100-octane aviation gasoline.
1942
The world’s
first fluid catalytic cracker goes onstream at Louisiana Standard’s Baton Rouge
refinery. The process, developed by four Jersey Standard researchers known as
the “four horsemen,” improved on the Houdry method for cat cracking and
eventually became the industry standard for producing gasoline. Fortune
magazine called it “the most revolutionary chemical-engineering achievement of
the last 50 years.”
1952
Jersey
Standard introduces Uniflo motor oil, the first multigrade motor oil recommended
for both summer and winter use.
1955
Jersey
Standard establishes the Esso Education Foundation, a program that gives
financial aid to private colleges and universities.
1958
Pan American
Airways flies its first trans-Atlantic Boeing 707 flight from New York to
London. The flight is fueled by Mobil aviation fuel.
1959
An
advertising copywriter in Chicago comes up with the advertising slogan “Put a
tiger in your tank.”
1963
Humble
invents 3-D seismic technology, a revolution that completely changes the way
the industry searches for oil and gas resources. (This breakthrough technology,
coupled with the use of massive parallel computers in seismic imaging, has
helped our geologists sharply reduce finding costs since the 1980s while
increasing new field resource additions.)
1966
Mobil
celebrates 100 years since the founding of the Vacuum Oil Company in 1866 and
changes its name to Mobil Oil Corporation. The company launches a wide-reaching
identity program to emphasize the Mobil trade name.
1972
Jersey
Standard officially changes its name to Exxon Corporation. The name change is
approved by Jersey Standard shareholders in a special shareholders’ meeting.
1974
Mobil
introduces a synthetic automotive engine lubricant — Mobil 1. Today, Mobil 1 is
the world’s leading synthetic motor oil.
1975
Mobil
participates in completion of Beryl A, the world's first concrete production
platform. The 50-story-high structure was the prototype for other concrete
deepwater facilities operating in the North Sea.
1976
Mobil invents
a process for converting methanol into high-octane gasoline through the use of
the company’s versatile ZSM-5 catalyst.
1980
Exxon opens
its own facility for environmental health research at East Millstone, New
Jersey. Exxon Biomedical Sciences, Inc. conducts research to further assure the
safety of Exxon operations and products.
1982
Exxon
celebrates 100 years since the formation of the Standard Oil Trust in 1882. In
its first 100 years, the company evolved from a domestic refiner and distributor
of kerosene to a large multinational corporation, involved at every level of
oil and gas exploration, production, refining and marketing, and petrochemicals
manufacturing.
1986
Exxon
Research and Engineering invents a powerful new imaging technique called 3-D
microtomography to study the internal structure of opaque objects without
damaging them.
1989
On March 24,
1989, the tanker Exxon Valdez runs aground in Prince William Sound in Alaska.
The Valdez oil spill was a tragic accident that ExxonMobil deeply regrets. The
company took immediate responsibility for the spill, cleaned it up and
voluntarily compensated those who claimed direct damages. Learn more about the
Exxon Valdez.
1989
Exxon
introduces Exxpol, a single-site metallocene catalyst used to produce
consistent, controllable molecular structures that make plastic and rubber
products tougher and impact-resistant, with less haze and with excellent
organoleptics (low off-taste and odor).
1995
Exxon
establishes the Save The Tiger Fund in partnership with the National Fish and
Wildlife Foundation. The Save The Tiger Fund is dedicated to supporting the
conservation of Asia’s remaining wild tigers. Since its establishment,
ExxonMobil has provided $1 million annually in support of the Save The Tiger
Fund.
1997
Mobil
introduces Speedpass, an electronic system which automatically activates the
pump and charges purchases to a credit card. Speedpass is similar to the
electronic toll technology successfully used on subway, bus and highway systems
around the world.
1999
On November
30, 1999, Exxon and Mobil join to form Exxon Mobil Corporation. “This merger
will enhance our ability to be an effective global competitor in a volatile
world economy and in an industry that is more and more competitive,” said Lee
Raymond and Lou Noto, chairmen and chief executive officers of Exxon and Mobil,
respectively.
2001
ExxonMobil
Research & Engineering Company (EMRE) develops the SCANfining process,
which uses a new proprietary catalyst to selectively remove more than 95
percent of the sulfur from gasoline while minimizing octane loss.
2002
ExxonMobil,
joined by other sponsors, initiates the Global Climate and Energy Project
(GCEP) at Stanford University — a pioneering research effort to identify
technologies that can meet energy demand with dramatically lower greenhouse gas
emissions.
2005
ExxonMobil
partners with professional golfer Phil Mickelson and his wife, Amy, to launch
the Mickelson ExxonMobil Teachers Academy. The academy is designed to provide
third- through fifth-grade teachers with the knowledge and skills necessary to
motivate kids to pursue careers in science and math.
ExxonMobil
and Qatar Petroleum, with other joint-venture partners, expand development of
the giant North Field offshore Qatar, the largest nonassociated gas field in
the world.
2007
Exxon
Neftegas Limited (a subsidiary of Exxon Mobil Corporation) completes the
drilling of the Z-11 well, the longest measured depth extended-reach drilling
(ERD) well in the world. (Located on Sakhalin Island offshore eastern Russia,
the record-setting Z-11 achieved a total measured depth of 37,016 feet [11,282
meters], or more than seven miles.)
2008
ExxonMobil's
donation through “Idol Gives Back” enables the distribution of hundreds of
thousands of bed nets throughout disease-stricken communities in Angola.
2009
Exxon Mobil
Corporation (NYSE:XOM) and Synthetic Genomics Inc. (SGI) announced the opening
of a greenhouse facility enabling the next level of research and testing in
their algae biofuels program. In 2017, these efforts will yield a breakthrough
involving modification of an algae strain that more than doubles its oil
content without significantly inhibiting the strain’s growth.
2010
ExxonMobil
finalizes its agreement with XTO Energy Inc., creating a new organization to
focus on global development and production of unconventional resources. A plan
to build and deploy a rapid response system that will be available to capture
and contain oil in the event of a potential future underwater well blowout in
the deep-water Gulf of Mexico is announced by Chevron, ConocoPhillips,
ExxonMobil and Shell. ExxonMobil leads the containment system efforts on behalf
of the sponsor companies.
2011
Exxon Mobil
Corporation announced two major oil discoveries and a gas discovery in the
deep-water Gulf of Mexico after drilling the company's first post-moratorium
deep-water exploration well. This is one of the largest discoveries in the Gulf
of Mexico in the last decade.
2014
The first
shipment of liquefied natural gas from ExxonMobil’s PNG LNG Project in Papua
New Guinea is delivered to the Tokyo Electric Power Co. Inc. in Japan.
2015
ExxonMobil
safely and successfully drills its first exploration well offshore Guyana.
Subsequent exploratory activity will confirm a world-class resource discovery
in excess of 5 billion oil-equivalent barrels.
2016
ExxonMobil
and Georgia Tech researchers develop a potentially revolutionary “reverse
osmosis” technology that could significantly reduce greenhouse gas emissions
associated with plastics manufacturing. By using a molecular filter — rather
than energy and heat — to perform a key step in the plastics-making process,
this new process offers the potential to dramatically reduce the amount of
energy required in petrochemical facilities.
2017
Working
jointly with the National Center for Supercomputing Applications at the
University of Illinois at Champaign-Urbana, ExxonMobil sets a record in
high-performance computing by using more than four times the previous number of
processors used on complex oil and gas reservoir simulation models to improve
exploration and production results. The breakthrough in parallel simulation
uses 716,800 processors, the equivalent of harnessing the power of 22,400
computers with 32 processors per computer.
2017
ExxonMobil
doubles its Permian Basin resource to 6 billion barrels of oil equivalent
through the acquisition of companies owned by the Bass family of Fort Worth,
TX.
Welcome to
Energy Factor, an online resource covering the cutting-edge technology and
innovations that are helping to meet tomorrow’s energy needs.
Sponsored by
ExxonMobil, Energy Factor uncovers the untold stories that ultimately matter to
all of us as we develop safe and reliable energy sources for the future. We
highlight the communities and visionaries we collaborate with both in the U.S.
and abroad to bring you informed, entertaining, and unexpected content.
We invite you
to explore wide-ranging topics from the development of low-emission diesel fuel
from algae, to the dramatic challenges of producing energy in some of the
world’s most inhospitable places.
As we forge new paths in technology and science, Energy Factor gives you the opportunity to peer into tomorrow along with us through this bold multimedia publication.
Founded in
1919, Halliburton is one of the world's largest providers of products and
services to the energy industry. With 60,000 employees, representing 140
nationalities in more than 80 countries, the company helps its customers
maximize value throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction and completion, and optimizing production
throughout the life of the asset.
Sustainability
Sustainability
is integral to our overall strategy as we seek to deliver long-term financial
value while minimizing our environmental footprint and having a positive impact
on society. This is expressed in our Guiding Principles for Sustainability.
Ethics and
Integrity are the foundation for our Guiding Principles
Built on a
solid foundation of ethics and integrity, the Halliburton Guiding Principles
for Sustainability provide the framework for our operations and our future. To
ensure that these principles guide every aspect of our decisions, plans and
actions, we have matched each with a clearly defined intent.
Financial
Performance
Deliver
superior value for our shareholders to outperform our competitors by delivering
superior growth, margins and returns to our shareholders
Health,
Safety & Environment
Conduct
operations that are safe and environmentally responsible to advance on our
Journey to ZERO, toward our vision of zero health, safety, environment or
service quality incidents
Technology
& Innovation
Lead the
industry in innovation and conscientious stewardship of global resources to
develop solutions that give our customers economic access to new hydrocarbon
resources and maximize the value of their existing assets
Global
Citizenship
Enhance the
economic and social well-being of our employees and the communities in which we
operate to be preferred employer and make a positive impact in the communities
where we live and work
Transparency
Be
transparent in reporting and validating our progress to provide our
stakeholders with thorough and timely information on our progress
Collaboration
Engage our
stakeholders to help achieve results that are compatible with our stated
principles to actively communicate with key stakeholders to help achieve mutual
objectives
History
Halliburton's
fascinating and proud history reveals a continuous focus on innovation and
expansion that began with the company's founder, Erle P. Halliburton. After
borrowing a wagon, a team of mules and a pump, he built a wooden mixing box and
started an oil well cementing business in Duncan, Oklahoma.
In the 1930s,
Halliburton established its first research laboratories where the company
tested cement mixes, began offering acidizing services to break down the resistance
of limestone formations and increase the production of oil and gas, and
performed its first offshore cementing job using a barge-mounted cementing unit
at a rig in the Creole Field in the Gulf of Mexico. This was the beginning of
what was to become the world's most extensive offshore service.
Halliburton
took the initial steps toward becoming a worldwide company in 1926. We sold
five cementing units to an English company in Burma, the start of our Eastern
Hemisphere operations, and Erle P. Halliburton sent his brothers to open our
business in Alberta, Canada. We opened in Venezuela in 1940. By 1946, the
company – using its innovative technology – had expanded into Colombia,
Ecuador, Peru and the Middle East and began performing services for the Arabian-American
Oil Company, the forerunner of Saudi Aramco.
In 1951,
Halliburton made its first appearance in Europe as Halliburton Italiana SpA., a
wholly owned subsidiary in Italy. In the next seven years, Halliburton launched
Halliburton Company Germany GmbH, set up operations in Argentina and
established a subsidiary in England.
In 1984,
Halliburton provided all of the well completion equipment for the first
multiwell platform offshore China. Two years later, Halliburton became the
first American company to perform an oilfield service job on the China mainland
The final
decade of the 20th century brought more changes and growth to Halliburton. The
company opened a branch office in Moscow in 1991.
The company
realigned its work into Eastern and Western Hemisphere operations in 2006, and
in 2007, divided its service offerings into two divisions: Completion and
Production, and Drilling and Evaluation.
Today, Halliburton offers the world's broadest array of products, services and integrated solutions for oil and gas exploration, development and production.
We are a
global group of energy and petrochemical companies with an average of 86,000
employees in more than 70 countries. We use advanced technologies and take an
innovative approach to help build a sustainable energy future.
Shell is an
international energy company with expertise in the exploration, production,
refining and marketing of oil and natural gas, and the manufacturing and
marketing of chemicals. Find out how we are working to power progress together.
Royal Dutch
Shell was formed in 1907, although our history can be traced back to the first
half of the 19th century.
Our
headquarters are in The Hague, the Netherlands, and our Chief Executive Officer
is Ben van Beurden. The parent company of the Shell group is Royal Dutch Shell
plc, which is incorporated in England and Wales.
Our strategy
is to strengthen our position as a leading energy company by providing oil and
gas and low-carbon energy as the world's energy system changes. Safety and
social responsibility are fundamental to our business approach.
Our purpose
Shell's
purpose is to power progress together with more and cleaner energy solutions.
We believe that rising standards of living for a growing global population are
likely to continue to drive demand for energy, including oil and gas, for years
to come. At the same time, technology changes and the need to tackle climate
change means there is a transition underway to a lower-carbon, multisource
energy system.
Against this
backdrop, we have the following strategic ambitions:
to provide a world-class investment case.
This involves growing free cash flow and increasing shareholder returns, all
built upon a strong financial framework and resilient portfolio;
to thrive in the energy transition by
responding to society’s desire for more and cleaner, convenient and competitive
energy; and
to sustain a strong societal licence to
operate and make a positive contribution to society through our activities.
Our ability
to achieve our strategic ambitions depends on how we respond to competitive
forces. We continuously assess the external environment – the markets as well
as the underlying economic, political, social and environmental drivers that
shape them – to evaluate changes in competitive forces and business models.
We continuously
seek to improve our operating performance, and maximise sustainable free cash
flow, with an emphasis on health, safety, security, environment and asset
performance, as well as adhering to our ethics and compliance principles.
Our people
Our people
are essential to the successful delivery of the Shell strategy and to
sustaining business performance over the long term. Performing competitively in
the evolving energy landscape requires competent and empowered people working
safely together across Shell.
We believe
that diverse teams led by inclusive leaders deliver better safety and business
performance.
Our History
In 1833,
Marcus Samuel decided to expand his London business. He already sold antiques
but decided to try selling oriental seashells as well, capitalising on their
popularity in the interior design industry at that time. The demand was so
great that he began importing the shells from the Far East, laying the
foundations for an import-export business that would ultimately become one of
the world’s leading energy companies.
When Marcus
Samuel senior died in 1870 he passed the business on to his two sons, Marcus
junior and Samuel, who began to expand it. In the 1880s they became
particularly interested in the oil exporting business but shipping still posed
a problem as oil was carried in barrels which could leak and took up a lot of
space. To solve the problem, they commissioned a fleet of steamers to carry oil
in bulk, including the Murex which, in 1892, became the first oil tanker to
pass through the Suez Canal.
The Shell
Transport and Trading Company is born
With the
maiden voyage of the Murex, the Samuels brothers had achieved a revolution in
the transport of oil. Bulk transport substantially cut the cost of oil by
enormously increasing the volume that could be carried. The brothers’ main
competitor at the time was Standard Oil, a company famous for its blue cans of
kerosene that, when empty, could be used for anything from roofing to bed pans.
To stand out they created the Shell brand and painted their cans bright red.
The tactic worked and, by 1896, their kerosene trade was earning more than all
their other businesses combined.
In 1897
Marcus and Samuel renamed their company the Shell Transport and Trading Company
and launched their first refinery at Balik Papan in Dutch Borneo. The refinery
later had to be destroyed when the USA declared war on Japan in World War II.
Merging with
Royal Dutch
In 1901 when
oil was found in Texas, Marcus Samuel junior pulled off the deal of a lifetime
and won the transport and distribution rights from his company’s main
competitor, Standard Oil. However, by 1902, overproduction in Texas had slashed
the available supply to virtually nothing. At the same time, a smaller
competitor called Royal Dutch had had begun to construct its own tankers and
set up its own sales organisation in Asia. As a result, half of the Shell’s
fleet sat idle.
So, in 1907,
the decision was taken to merge Shell Transport and Trading Company with Royal
Dutch and form the Royal Dutch Shell Group. The day the telegram was received
announcing the merger – April 23 – is now celebrated every year as Shell’s
birthday.
Expansion and
innovation
The merger
with Royal Dutch signalled a period of rapid expansion as Shell (the Group’s
name quickly became shortened to Shell) opened operations throughout Europe and
in many parts of Asia. There was also substantial exploration and production in
Russia, Romania, Venezuela, Mexico and the US.
The years
that followed also gave Shell many exciting opportunities to demonstrate the
quality of its products in the fast-developing market for petrol (gasoline).
These included record-breaking races, flights and journeys of exploration. For
example, in 1907 Prince Borghese won the Peking to Paris motor rally using
Shell Spirit motor oil. In the Antarctic, explorers Ernest Shackleton and
Captain Scott used Shell fuel, while Bleriot’s inaugural cross-Channel flight
was made using Shell Spirit.
Helping with
the war effort
Shell was a
crucial partner to the Allies in both World Wars. During World War I, Shell
became the main fuel supplier of the British army and also offered all of its
ships to the British Admiralty, including the Murex.
The inter-war
years were a time of rapid expansion for oil companies as the use of motor cars
and demand for petrol increased. Shell fuelled the first trans-Atlantic flight
made by Alcock and Brown in 1919, developed new and improved drilling
techniques and, in 1929, founded Shell Chemicals to advance the refinement of
chemicals from oil.
When World
War II began, Shell’s London office was dedicated to supporting the war effort
and the company’s refineries in the USA produced aviation fuel to support the
Allied air forces. All Shell tankers came under Government control and many
Shell staff showed great bravery in keeping them going, including the flying
ace Douglas Bader who worked in the aviation department of Asiatic Petroleum
before joining the RAF in 1939. War was also a catalyst for great innovation,
with major advances in both fuel and chemicals research, including the
development of fuels for new generations of aircraft such as the Spitfire.
Post-war
expansion
The immediate
post-war years were some of the toughest Shell had yet faced. Reconstruction
was very expensive and the market for oil was changing rapidly. Against this
backdrop Shell launched new exploration programmes in Africa and South America
and built new refineries in the UK. The company also invested in larger and
higher-powered ships – supertankers – in order to carry more oil in bulk.
In 1947, the
first commercially viable offshore well was drilled in the Gulf of Mexico and
within 8 years the company had over 300 such wells. New discoveries were also
made in Borneo and the Niger Delta, and commercial production of oil in Nigeria
began in 1958.
A number of
scientific advances at this time boosted the demand for oil, including the
invention of the jet engine – its architect Sir Frank Whittle even worked for
the company for a number of years.
New ideas and
directions
Shell started
the 1960s by strengthening its presence in the Middle East, discovering oil in
Yibal, Oman’s most prolific field. This discovery was the country’s first and
would go on to transform Oman’s economy. The Groningen gas field in the
Netherlands was also discovered at the start of the decade, followed by the
discovery of gas in the North Sea. This time was also a golden period of
research by Shell Chemicals and the company also took the decision to
internationalise, placing local people in top positions to make the most of
homegrown talent in each country.
The closure
of the Suez Canal in 1967 for eight years confirmed the wisdom of Shell’s
decision to invest in super tankers. At the same time, Shell was a partner in
the first sea transportation of liquefied natural gas (LNG) in 1964 – from the
Algeria to the UK – opening up a whole new market for the business.
Instability
in the Middle East at the end of the 1960s and the start of the 1970s led to a
quadrupling of oil prices and meant that the era of cheap energy came to an
end. In response, Shell began to diversify, in particular into coal, nuclear
power and metals. Shell also began to look beyond the traditional oil-producing
countries for supplies and stepped up exploration in the North Sea and in the
USA.
Growing and
facing challenges
In the 1980s
Shell began to grow through acquisitions. In 1986 the oil price collapsed with
the price of a barrel of oil falling from $31 to $10 over the winter. To adjust
to the lower oil price Shell had to focus on developing projects more cheaply.
Intensive research led to huge improvements in drilling techniques and the use
of 3D seismic technology to search for new oil sources became widespread. These
advances enabled the company to develop offshore projects in much more
challenging environments. The Troll field in Norway was one example, another
was in the Gulf of Mexico where a new well was drilled at a depth of 2.3
kilometres.
The 1990s saw
biomass and gas-to-liquids (GTL) technologies make giant leaps forward. In 1993
Shell opened the world’s first commercial GTL plant in Bintulu, Malaysia, a
pioneering step that set the stage for the increasing role this fuel would play
over the next decade.
This era was
not without its challenges, however. While Shell moved into new growth areas
such as China and Russia and developed projects of increasing complexity and in
harsher environments, it also faced increased external criticism. Environmental
concerns were raised in relation to Shell’s plans to dispose of the Brent platforms
in North Sea storage platform, as well as over Shell’s presence and activities
in Nigeria. Shell has since strived to work as closely as possible with both
local governments and communities. The Shell commitment and policy on Health,
Security, Safety, Environment and Social Performance (HSSE & SP) applies
across the company and is designed to help protect people, their communities
and the environment wherever Shell operates.
Record-breaking
innovations and new partnerships
In 2005, the
Royal Dutch Shell Group underwent a major structural reorganization as the
nearly century-old partnership between Royal Dutch Petroleum and Shell
Transport and Trading was dissolved and Shell unified its corporate structure
under a single new holding company, Royal Dutch Shell plc.
Shell’s
innovation has continued at pace into the 21st Century. In 2012, the company
completed Pearl GTL, in Qatar, the world’s largest source of GTL products. In
2016, production started at Shell’s Stones field, the world’s deepest oil and
gas project. And in 2017, Prelude, the world’s biggest floating liquefied
natural gas facility, sailed 5,800 kilometers from a shipyard in South Korea to
its new home in Western Australia.
The company
has also continued to expand. In 2015, Shell announced that it would be buying
BG Group, a UK oil and gas production company. The acquisition was completed in
February 2016, expanding the company’s oil and gas portfolio. And in 2016,
Shell created its New Energies business to focus on exploring and developing
commercial opportunities in renewable energy, such as wind and solar..
Looking
forward
Looking back
over 185 years of Shell history, it has been an amazing journey. Mankind has
managed to adapt, time and time again, through a century of rapid change and periodic
upheaval; and so has Shell. But there are also big challenges in the century
ahead.
Society today
faces a challenge on an unprecedented scale: how to meet increasing energy
needs while reducing carbon emissions.
Shell is an
active player in and has embraced the transformation of the energy system. The
company sees commercial opportunity in participating in the global drive to
provide more and cleaner energy solutions. Thriving as the world transitions to
a lower-carbon energy system is a key focus and Shell’s strategy, portfolio and
strong financial framework will give the company a source of resilience in the
years to come.
Understanding what climate change means for Shell is one of the biggest strategic questions facing company leaders. In answering that question, Shell is determined to continue to work closely with society and its customers as it has done for nearly 200 years.
Sunoco has
grown from its humble roots as a small oil company in Pittsburgh, PA, to one of
the largest fuel distribution companies in the United States. Sunoco’s rich,
130 plus-year heritage, legacy and reputation for innovation, and commitment to
its local communities are foundational elements of this iconic American brand.
Today, Sunoco distributes fuel to over 5,000 gas station locations in more than
30 states.
1886
Pennsylvania
Roots
Joseph Newton
Pew and Edward O. Emerson were partners at Peoples Natural Gas Company in
Pittsburgh, PA, when they decided to expand their gas business to oil. It
proved to be a success. Within a few years, the oil company had acquired
pipelines, leases and storage tanks – emerging as one of the area’s leading
suppliers of crude oil.
On March 17,
1890, they made it official with a new name. The Sun Oil Company was producing,
transporting, and storing oil as well as refining, shipping, and marketing
petroleum.
1916
Expanding To Shipbuilding
As the oil company grew, it expanded into
related services and subsidiaries. In 1916, the Sun Shipbuilding and Dry Dock
Company was established.
1920s
First Service
Station
Sun opened
its first service station in Ardmore, PA, and shortly after, another in Toledo,
OH.
On November
12, 1925, Sun Oil Company went public – its stock appearing for the first time
on the New York Stock Exchange.
Before the
decade was over, Sun was in the oilfield equipment business with the 1929
formation of Sperry-Sun, a joint venture with Sperry Gyroscope.
1937
Landmark In
Refining Industry
One of the most
dramatic events of the 1930s for the company, and the refining industry, took
place when Sun placed on stream the world’s first large-scale, commercial
catalytic cracking plant in Marcus Hook, PA, in 1937. The Marcus Hook plant is
still owned and in operation today, serving as a refining facility location for
the company’s race fuels.
1941
Expanding To Mining
Always striving to produce better products,
Sun got into the mining business in 1941, forming the Cordero Mining Company in
Nevada to supply mercury for Sunoco motor oils. The metal proved vital for the
United States Military in World War II.
1950s
Beyond The
States
Sun began
expanding north and south in the 1950s. In Canada, Sun started a
15,000-barrels-per-day refinery in Sarnia, Ontario. And, in Venezuela beginning
in 1957, Venezuelan Sun Oil Company produced more than 1 billion barrels of oil
from Lake Maracaibo before ceasing operations in 1975 when the Venezuelan
government nationalized Sun’s holdings.
A map of
North America showcasing Sunoco locations in the 1950s, starting on the east
coast and then expanding to Canada and Venezuela
1956
Invention Of
The Custom Blending Pump
Sun
revolutionized the oil industry when it introduced the Custom Blending Pump, a
novel system for dispensing a choice of five octane grades of gasoline from a
single pump. A model of the pump is currently on display at the Smithsonian.
1960s
Relationship with motorsports begins
The Sunoco brand officially entered the
motorsports scene, forging a partnership with the legendary Roger Penske Racing
Team and driver Mark Donohue. This partnership had tremendous success,
including winning the 1972, Indianapolis 500.
1970s
Reshaping The
Company
Major
restructuring reshaped the company in 1975, when it organized into 14 operating
units, two property companies and a non-operating parent company. This was
accompanied by a move to a new corporate headquarters in Radnor, PA. Reflecting
the diversification of the company, Sun Oil Company was renamed again to the
Sun Company, Inc. in 1976.
1980s
Ultra Release
With a
history of innovation and love of performance, Sun developed and released the
market’s highest octane unleaded gas, Sunoco ULTRA 94, in 1983. The company
discontinued ULTRA 94 in 2005, after a solid 22-year run.
In the late
1980s, Sun Company, Inc. began rebranding its fueling stations under the name
Sunoco, to match the name of its gasoline.
1998
New Name
In November
of 1998, Sun Company, Inc. changed its name to Sunoco, Inc.
2000s
Giving Back
Sunoco is
proud to give back to the communities it serves. Over the years, the company
has partnered with both national and local organizations to provide financial
contributions, fuel donations, and volunteer time to help assist those in need.
Racing Fuel
Of Choice
In 2004,
Sunoco signed on as the Official Fuel of NASCAR®, and more recently IndyCar and
the NHRA. In total, Sunoco is the official fuel of more than 50 racing series.
2012
Joining With
The Best
Sunoco began
the transformation of its business to focus on logistics and transportation
fuels in 2012, when it was acquired by Texas-based Energy Transfer Partners,
one of the largest natural gas and natural gas distribution companies in the
US. The company’s operations include the gathering, treating, processing,
marketing and transportation of natural gas and natural gas liquids.
2018
Launch of the
Sunoco App
To help
customers save time and get rewarded at the pump, Sunoco launched its new
mobile app in 2018. The app gives customers the fastest way to fuel with quick
access to the closest Sunoco station, simple payment options, integration with
grocery rewards and exclusive offers—all right through their phone.
Health,
Environmental, And Safety
Sunoco
believes it has a responsibility to protect the environment and provide a safe
workplace. This is a fundamental core value embedded throughout operations and
within its business landscape. Sunoco is proud to be industry leaders when it
comes to environmental practices and consistently exhibits 1st quartile safety
performance when benchmarked against peers.
Safety
Statement
Sunoco is
committed to providing a safe and healthy work environment to employees,
customers, and contractors. It strives for continuous safety improvement and
looks for opportunities to improve safety culture and practices. Sunoco’s
employees are the company’s and their family’s most valuable asset; therefore,
there is no job or priority more important than ensuring the safety of Sunoco’s
employees. The company executes this core organizational goal by doing the
right thing, as demonstrated by a culture of strong safety leadership. Sunoco
works diligently to recognize and then mitigate potential hazards, soliciting
employee solutions. It delivers detailed health and safety training and
instills in all employees a personal accountability and ownership to perform
work in a safe manner, by complying with Sunoco’s Health and Safety Policy and
Procedures and all applicable federal, state, and local safety and health
regulations.
Environmental
Statement
Sunoco takes great pride and commitment in working to protect the public and environment. It executes this commitment throughout the business landscape by adhering to all applicable federal, state, and local environmental regulations and standards. In addition, the company adheres to Sunoco’s internal Environmental Policy and Procedures. Sunoco’s operating facilities take this core organizational value very seriously and integrate sound environmental practices and controls into daily operations, as well as look for opportunities for continuous operational improvement to enhance environmental controls and practices to protect the public and environment.