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. It is a public organisation and is based in Perth. Woodside was built in 1954 and was originally known as Woodside Oil Co NL named after Woodside which is a small town in Victoria. In the beginning Woodside did business mostly in Gippsland Basin which is situated in Western Australia but in 1960 it switched its focus to North West Australia. It later on merged with Burmah oil and Shell to create the North West shelf group. Burmah was later on replaced with BHP and together with Shell held 40% of shares each in Woodside. However, in 1990 both Shell and BHP decided to reduce their shares down to 34%. In 1994 BHP sold its remaining shares with each share being sold at $32. Shell decided to sell about 60% of its remaining shares to organizational investors, therefore, reducing its shares in the partnership to 24%. Woodside Petroleum Company has continued with development and exploration activities within Australia and has expanded its operations to other regions most notably the Gulf of Mexico. In Australia it is focusing on developing liquefied natural gas products in. It also manages the operations of the Vincent and Enfield oil fields which are located offshore Exmouth and Laminaria-Corallina oil fields in Northern Australia. In terms of management Peter Coleman is the current Chief Executive Officer at Woodside Petroleum Company. It is estimated that Woodside Petroleum Company is worth $27 million. Partnership of Shell Oil Company and Woodside Petroleum Company Woodside is in a partnership with Shell in the North West Shelf LNG joint operation in Western Australia. This is the biggest resource project in Australia3. In 2001 shell attempted a takeover of Woodside Petroleum Company’s share in the partnership but its efforts were rejected by the Foreign Investment Review Board and Peter Costello who was the Australian Treasurer due to National interest. However, Shell still maintains a 34% of shares in Woodside and has conducted studies on the possibility of placing a new bid, but, Australian analysts do not expect any offer to go through because
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…
This phenomenon is known as separation of ownership from control. This paper examines the effect of the phenomenon. In other words, whether the separation has the positive effect or negative effect on corporate governance. Or rather the impact of the separation on corporate performance.
The approach to corporate takeovers may be either friendly or hostile, but the intention is the same – to gain control over a productive enterprise. Other than this basic definition, there have been certain characteristics popularly attributed to corporate takeover bids, among which are that they are, according to De Pamphilis
Apart from this, the website also offers the facilities of hotel reservations or booking, online booking for flights, car hire services, and complete travelling package that includes flight and hotel trips. Moreover, the company also offers the holiday and cottage packages and the insurance facilities such as car excess reduction insurance and travel insurance.
The Takeovers Directive Is An Ineffective Piece Of Legislation Designed To Create An Unachievable Single Market For Takeover Activity. Its Impact on Corporate Governance in the EU Is and Will Continue To Be Minimal.Introduction A business takeover refers to the acquisition or purchase of a target company by another, referred to as a bidder or the acquirer1.
The UK model of corporate governance is based on the principle of ‘comply and explain.’ This system is rather flexible and appeals to regulators in other markets. Since early 1990s the corporate governance of the UK experienced a number of transformations
of the single market economy.3 Within the scope and range of the 13th Company Law Directive, its primary purpose can be said to protect the interests of the minority shareholder together with employees and other related parted. Another identifiable purpose is the facilitation
More specifically, in the UK, a takeover refers to the purchase of a public company whose shares are listed on a stock exchange, contrary to the acquisition of a private business. The three main types of
More importantly, the chapter dwells on the procedures and methodologies that will be involved in working on the paper. 21
Corporate governance in general has become the new crucible in which corporations are tested and declared worthy of the trust of
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