Topic summary

Shell Oil

Shell Oil

Extracted from the Wikipedia article Shell plc.

North America

Through most of Shell's early history, the Shell US business in the United States was substantially independent. Its stock was traded on the NYSE, and the group's central office had little direct involvement in running the operation. However, in 1984, Shell made a bid to purchase those shares of Shell Oil Company it did not own (around 30%) and, despite opposition from some minority shareholders which led to a court case, Shell completed the buyout for a sum of $5.7 billion.