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Market for Corporate Control - Essay Example
Author : starkteagan
Finance & Accounting
Pages 4 (1004 words)
FINANCE Name Finance (Market for Corporate Control) Date Shell oil company background Shell Oil Company is the subordinate of the Royal Dutch Shell in the United States. The Royal Dutch Shell which is of Anglo Dutch origin is among the biggest oil companies in the world in the oil industry…
These stations act as its most visible presence in the public domain. Shell Oil Company is in partnership with Saudi Aramco Company which is owned by the Saudi Arabian Government with each company having a 50% stake in Motiva enterprises. This is a marketing and refining venture which operates and owns three oil refineries in the Gulf Coast of USA. It also has an 80% share holding in Pecten which is an exploration company that drills many off shore areas including the oil basin in Douala in partnership with Elf Acquitaine that is owned by the French Government. In 1997, Texaco and Shell entered into two joint marketing and refining ventures. One of these ventures was known as Equilon which was a combination of their western and mid western operations. The second one combined gulf coast and eastern operations of Star Enterprise and Shell Oil which on its own was a joint business between Texaco and Saudi Aramco. In 2001 Shell bought Texaco’s shares in the joint partnership after Texaco combined with Chevron. However, in 2002 began converting this Texaco stations to stations with the brand name Shell. This process was completed in 2004 and is viewed as the biggest retail rebranding process in American history. Woodside petroleum Company Background Woodside Petroleum Limited is a company based in Australia that deals in the production and exploration of oil. ...