Shell: Don't Turn Your Back on Oil and Gas
With a $238 billion market cap, Royal Dutch Shell (NYSE: RDS-B) is easily one of the world's largest integrated oil and natural gas companies. It has been working to increase its green credentials by investing in electricity assets and clean energy, but the vast majority of its portfolio is still in the oil & gas sector. And according to CEO Ben van Beurden, it's going to stay that way for a very long time. Here's what you need to know.
Shell's history dates to the late 1800s, when it started transporting liquid fuels by sea. One of the first companies to do so, Shell quickly found that it was a far more profitable business than the import/export trade it was doing elsewhere in the company -- including the import of, yes, shells from the Far East. And thus, Shell, the energy company, was born.
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Source Fool.com
