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Shell plc
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== Competitors == * Compare Shell's financial performance to industry benchmarks and competitors. * Globally, Shell's key competitors are other Integrated Oil Companies such as BP, Chevron and Exxon Mobil. Amid the global pursuit of Net Zero, it is vital to assess if Shell is as competitive as its likes when it comes to balancing return and emission. Shell delivered record profits for 2022, and also reduced carbon emissions from its operations by over 30%. <ref name=":0" /> * Over the last few decades National Oil Companies (NOCs) having increased their size and now the major NOCs lead the production of Shell. * The three largest NOCs β Saudi Aramco, Gazprom and Iran β produce more than 25 percent of global hydrocarbon output.<ref name=":2">https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2018/08/are-national-oil-companies-the-new-international-oil-companies.pdf</ref> * Furthermore, NOCs are now estimated to control over 85 percent of global oil reserves and much of the global oil and gas infrastructure.<ref name=":2" /> * A major portion of the predicted undiscovered reserves in the world are in the countries where NOCs hace direct and priveleged access.<ref name=":2" /> * In line with IOCs, the NOCs are looking for diversification of their existing portfolios away from hydrocarbons and into alternative energy. For instance, Saudi Aramco recently announced new plans to diversify its energy mix and produce 10 percent of its power from renewable sources in the next 6 years.<ref name=":2" /> To delve further, the business of Shell can be divided into a few segments: integrated gas, upstream, chemicals and products, marketing, renewables and energy solutions and corporate (listed in descending order of carrying value).<ref>https://reports.shell.com/annual-report/2022/_assets/downloads/shell-annual-report-2022.pdf<nowiki/>Page 253</ref> Below elaborates the competition in the three sectors with the largest business volume. '''Integrated Gas''' Shell competes primarily with global energy companies, including BP, Chevron, Total, and ExxonMobil. This sector's competitiveness can be gauged based on reserve holdings and reliability of supply. In terms of volume of oil reserve, Shell has around 9 billion barrels of oil and natural gas<ref>https://reports.shell.com/annual-report/2022/strategic-report/segments/oil-and-gas-information/reserves.html</ref>which ranked 5th among other supermajor companies, where Exxon Mobil, the one owning most oil reserve has around 19 billion barrels.<ref><nowiki>https://www.statista.com/statistics/215897/proved-oil-reserves-by-leading-world-gas-and-oil-companies/</nowiki></ref> On the sources of supply, Shell obtains oil and natural gas across the global and has a rather decentralised supply, with more production for sale in Asia and America, which should prove to be reasonably resilient. Note since the energy transition is imminent, how Shell adapts the paradigm shift ot renewable energies will also be vital to its business. '''Upstream''' Shellβs Upstream division competes in a volatile market against both multinational energy corporations and independent oil and gas firms. Competition in this sector is based on production costs, and operational efficiency. It ranked 7th in production among other NOCs and IOCs.<ref>https://www.statista.com/statistics/280705/leading-oil-companies-worldwide-based-on-daily-oil-production/</ref> '''Chemicals and Products''' Shell again faces competition from other major energy corporations such as BP and Total, as well as specialty chemical companies like BASF and Dow. These competitors engage in the production of a wide variety of petrochemical products from plastics and fertilizers to solvents and detergents. The competitiveness in this sector is often dictated by operational efficiency, technological innovations, product quality, and the ability to adapt to changing market trends.
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