With over 25,000 gas stations in the United States alone, Shell has truly become one of the most dominant fixtures in the global energy and fuel industry. When and where did it start? How exactly did this giant rise to power?
It all began in 1833 in London, with a shopkeeper named Marcus Samuel. Noticing that shells were the chic thing for interior design at the time, Samuel began importing them in bulk from the Far East. It was the start of an import-export business that would evolve into a global corporate empire.
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| Image source: logoary.com |
At about the same time when Samuel’s sons, Marcus Jr. and Sam, took over, the world saw a new need for oil – internal combustion engines in automobiles. Realizing the potential of this, the brothers commissioned a fleet of ships to transport oil through the Suez Canal. It revolutionized the oil industry forever as it significantly cut down transportation costs of the resource. In 1897, the brothers named their company Shell Transport and Trading Company.
Russia was the only source of oil for the company at the time, and Marcus Jr. realized the potential danger in it. In Southeast Asia, he met with the officials of another company, Royal Dutch Petroleum, which had a monopoly on the oil industry in the region. The two companies combined for mutual protection against the larger oil industries in the world such as Rockefeller’s Standard Oil.
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| Image source: shell.com |
The merger was fully in place in 1907, and so was the Royal Dutch Shell Group. The group quickly gained a global foothold and expanded before its competitors could do anything, thus laying the groundwork for the mighty Shell Corporation people know today.
Petroleum Wholesale is a distributor of motor fuel and is based in Texas. It has branding relations with Shell and other leading oil companies. To learn more about Petroleum Wholesale, visit its official website.
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