Roberto, Jennette F.

III-Ba,mgt.
A shell corporation is a company which serves as a vehicle for business transactions
without itself having any significant assets or operations. Shell corporations are not in
themselves illegal and they may have legitimate business purposes. However, they are a main
component of the underground economy, especially those based in tax havens. They may also be
known as international business corporations (IBCs), personal investment companies (PICs), front
companies, or "mailbox" companies.
Shell provides transport fuel to around 10 million customers each day through our 44,000
service stations worldwide. We are working to deliver cleaner burning and more efficient fuels.
Our products and services are also designed to meet the needs of businesses - from the
construction industry to aviation, chemicals to shipping.
Shell a global group of energy and petrochemicals companies with around 101,000 employees in more than 90 countries and
territories. Our innovative approach ensures we are ready to help tackle the challenges of the new energy future.
Shell is a global group of energy and petrochemicals companies. With around 101,000 employees in more than 90 countries
and territories, Shell helps to meet the world's growing demand for energy in economically, environmentally and socially responsible
ways.

Vision
To be the Top Performing and Most Admired Refinery in Asia

Mission
To continuously deliver shareholder value by:
• Manufacturing and supplying oil products and services that satisfy the needs of our customers
• Constantly achieving operational excellence
• Conducting our business in a safe, environmentally sustainable and economically optimum manner
• Employing a diverse, innovative and results-oriented team motivated to deliver excellence

Objectives
Shell committed to deliver sustainable excellence in business performance by focusing on the following:
• Benefit our shareholders
• Realize the potential of our people
• Meet our customer requirements
• Maximize refinery margins
• Safeguard asset integrity
• Deliver structural cost reductions
• Sustain a robust management system
• Deliver continuous sustainable Health, Safety, Security and Environmental excellence
The energy that Shell supply helps to supports economic growth and development. At our operations we aim to address social concerns
and work to benefit local communities, protecting our reputation as we do business.
HISTORY:

The Royal Dutch Shell Group was created in February 1907 when the Royal Dutch Petroleum Company (legal name in Dutch, N.V.
Koninklijke Nederlandsche Petroleum Maatschappij) and the "Shell" Transport and Trading Company Ltd of the United Kingdom
merged their operations– a move largely driven by the need to compete globally with the then dominant American petroleum
company, John D. Rockefeller's Standard Oil. The terms of the merger gave 60% ownership of the new Group to the Dutch arm and
40% to the British.

Royal Dutch Petroleum Company was a Dutch company founded in 1890 by Jean Baptiste August Kessler, along with Henri
Deterding, when a Royal charter was granted by King William III of the Netherlands to a small oil exploration and production
company known as "Royal Dutch Company for the Working of Petroleum Wells in the Dutch Indies" (now Indonesia).

The "Shell" Transport and Trading Company (the quotation marks were part of the legal name) was a British company, founded in
1897 by Marcus Samuel and his brother Samuel Samuel. Initially the Company commissioned eight oil tankers for the purposes of
transporting oil. In 1919, Shell took control of the Mexican Eagle Petroleum Company and in 1921 formed Shell-Mex Limited which
marketed products under the "Shell" and "Eagle" brands in the United Kingdom. In 1932, partly in response to the difficult economic
conditions of the times, Shell-Mex merged its UK marketing operations with those of British Petroleum to create Shell-Mex and BP
Ltd, a company that traded until the brands separated in 1975.

Around 1953, Shell was the first company to purchase and use an electronic computer in the Netherlands . The computer, a Ferranti
Mark 1 Star, was assembled and used at the Shell laboratory in Amsterdam.

In November 2004, following a period of turmoil caused by the revelation that Shell had been overstating its oil reserves, it was
announced that the Shell Group would move to a single capital structure, creating a new parent company to be named Royal Dutch
Shell plc, with its primary listing on the London Stock Exchange, a secondary listing on the Amsterdam Stock Exchange, its
headquarters and tax residency in The Hague in the Netherlands and its registered office in London. The unification was completed on
20 July 2005. Shares were issued at a 60/40 advantage for the shareholders of Royal Dutch in line with the original ownership of the
Shell Group.

In November 2007 Shell acquired a majority stake in some gas fields owned by Regal Petroleum in Ukraine.

In March 2010, Shell announced the sale of some of its assets, including its liquid petroleum gas (LPG) business, to meet the cost of a
planned $28bn capital spending programme. Shell has invited buyers to submit indicative bids, due by 22 March; company will raise
$2–3bn from the sale.

In June 2010, Royal Dutch Shell agreed to acquire all of the business of East Resources for a cash consideration of $4.7 billion. The
transaction includes East Resources' tight gas fields.

Management

On 4 August 2005, the board of directors announced the appointment of Jorma Ollila, chairman and CEO of Nokia at the time, to
succeed Aad Jacobs as the company’s non-executive chairman on 1 June 2006. Ollila is the first Shell chairman to be neither Dutch
nor British. Other non-executive directors include Maarten van den Bergh, Wim Kok, Nina Henderson, Lord Kerr, Adelbert van Roxe,
and Christine Morin-Postel.

As of 1 July 2009, Peter Voser was CEO of Shell. Peter, who is Swiss, is the first non-Dutch, non-British CEO of the company.

Name and brand

The name Shell is linked to the Shell Transport and Trading Company. In 1833, the founder's father, also Marcus Samuel, founded an
import business to sell seashells to London collectors. When collecting seashell specimens in the Caspian Sea area in 1892, the
younger Samuel realized there was potential in exporting lamp oil from the region and commissioned the world's first purpose-built oil
tanker, the Murex (Latin for a type of snail shell), to enter this market; by 1907 the company had a fleet. Although for several decades
the company had a refinery at Shell Haven on the Thames, there is no evidence of this having provided the name.

The Shell brand is one of the most familiar commercial symbols in the world. Known as the "pecten" after the sea shell Pecten
maximus (the giant scallop), on which its design is based, the current version of the brand was designed by Raymond Loewy and
introduced in 1971. The yellow and red colours used are thought to relate to the colours of the flag of Spain as Shell built early service
stations in the state of California which had strong connections with Spain.

The slash was removed from the name "Royal Dutch/Shell" in 2004, concurrent with moves to merge the two legally separate
companies (Royal Dutch and Shell) to the single legal entity which exists today.

Shell has five core businesses: exploration and production (the "upstream"), gas and power, refining and marketing (the
"downstream"), chemicals, and trading and shipping. The company operates in more than 140 countries. Shell's primary business is
the management of a vertically integrated oil company. The development of technical and commercial expertise in all the stages of this
vertical integration from the initial search for oil (exploration) through its harvesting (production), transportation, refining and finally
trading and marketing established the core competencies on which the company was founded. Similar competencies were required for
natural gas, which has become one of the most important businesses in which Shell is involved, and which contributes a significant
proportion of the company's profits.

While the vertically integrated business model provided significant economies of scale and barriers to entry, there has been much less
interdependence recently between the businesses, and each business now seeks to be a self-supporting unit without subsidies from
other parts of the company.
The petroleum and gas business is increasingly an assembly of independent and globally managed business segments, each of which
must be profitable in its own right.

The downstream, which now also includes the chemicals business, generates a third of Shell's profits worldwide and is known its
global network of more than 40,000 petrol stations and its 47 oil refineries.

The Philippines

On January 2010, The bureau of customs is claiming 7.34 Billion pesos worth of unpaid excise taxes against Pilipinas Shell for
importing Catalytic cracked gasoline (CCG) and light catalytic cracked gasoline (LCCG) stating that those imports are bound for tariff
charges.

Pilipinas Shell denied the claim stating that those imports are raw materials for making their products. The company later emphasized
that they are considering closing their local oil refinery if the case continues. Pilipinas Shell informed the public that they will exhaust
all necessary steps to meet the demand for fuel.

Shell V-Power is the brand name given to Royal Dutch Shell's - aka Shell - enhanced high specification fuels for road motor vehicles.

Initially used for higher octane Super Unleaded petrol/gasoline, (formerly known as Optimax in some regions), it is now additionally
used for high specification diesel fuel

V-Power petrol

Petrol or gasoline is assessed, categorised and sold by an octane rating. Generally, in most areas of the world, the Research Octane
Number (RON) is used, but in North America, the Anti-Knock Index (AKI) is used. Conventional 'standard' "Premium Unleaded"
petrol in the United Kingdom, Europe and Australia has an octane rating of 95 RON, and in North America it is AKI/RdON/PON 91-
93 (RON 96–98). However, higher octane "Super Unleaded" - often formulated with higher quality additives, is usually set at around
98 RON in mainland Europe; but this can vary by market. Most oil/petroleum companies now 'market' their own Super Unleaded
petrols under a unique name - and the current name for Shell Super Unleaded fuel is "V-Power". Like most Super Unleaded petrols, V-
Power also contains higher concentrations of detergents and other additives to help clean the engine and smooth its operation.

In the United Kingdom and Denmark (where Super Unleaded must be a minimum of 97 RON), V-Power has a rating of 99 RON
(whereas V-Powers' predecessor Shell Optimax was rated at 98 RON). There is one other 99 RON fuel available in the UK, namely
Tesco MOMENTUM99.

In The Netherlands, V-Power has a 95 RON rating, although officials from Shell stated it is effective 97 RON, but classes are limited
to 92 RON, 95 RON, 98 RON and 100 RON.

In Australia, from October 2006, Shell and Coles Express re-branded Optimax to V-Power (98 RON). V-Power Racing, the ultra-high
performance variant has a rating of 100 RON although as of July this is being phased out, instead recommending V-Power. The
previously obtainable higher grade V-Power Racing which contained 5% ethanol to boost V-Power's octane rating to 100 RON has
now been phased out by Shell due to a "changing market".

In the United States (U.S.), at around 2004, all U.S. Shell gas "Premium" was rebranded as "V-Power". In 2008, Shell in the U.S.
launched the new Nitrogen-Enriched Shell V-Power.

In Canada, from June 2005, Shell Canada re-branded Optimax Gold to V-Power.

In Hong Kong, as there is no oil refinery plant located in Hong Kong, Gasoline was imported from Singapore, which is 98 RON.
However, V-Power sold in gas stations rumored reach 107 RON (the highest native RON for consumer grade commercial petrol across
worldwide). Such figure is not supported by actual test, nor is it confirmed by Shell and which is contradicted from a reading material
for Legislators of Legislative Council.

In New Zealand, from 2007, Shell rebranded 95 Premium Unleaded as V-Power. It is still rated at 95 RON.
V-Power Diesel
An Audi R10 TDI LMP race car, fueled on Shell V-Power Diesel
V-Power Diesel is Shell's version of an enhanced diesel fuel, similar, say to BPs 'Ultimate Diesel'. Like BP Ultimate Diesel, Shell V-
Power Diesel is designed for modern compression-ignition diesel engines, to facilitate enhanced engine performance along with
increased engine protection, for more consistent operation and engine longevity.

V-Power Diesel is a blend of regular petroleum-based diesel and synthetic diesel, created using gas to liquids (GTL), along with some
extra additives designed to clean the injection system and improve injection pump and injector lubricity.

One characteristic of V-Power diesel is that it is a lot clearer and odourless than normal diesel, mainly due to the synthetic GTL
component.

The fuel is slightly less dense than regular diesel so, per volume, the unit energy is actually lower than regular diesel. This is offset, as
the fuel tends to ignite more readily (and thus has a higher cetane rating) than regular diesel, and a side benefit of this is that it tends to
produce less soot during combustion.

Anecdotal evidence shows that its performance varies depending on how an engine is set up. In most cases, it will make a rough-
sounding engine run noticeably smoother, and can also alter the performance characteristics; typically some low-end torque is lost, but
performance in the middle of the rev range and above is increased. In some engines however, particularly well-tuned common rail
turbodiesels, very little effect can be seen or felt.

Although the former is true for the European market, Shell also markets a different "premium" diesel in Canada, which they state "Is
specially formulated for year-round Canadian weather conditions, with a cetane improver, a de-icer and a corrosion inhibitor." but
Shell also states that V-Power diesel will typically have an increased cetane rating of 1 to 2 points over standard diesel, which meets
Transport Canada's minimum mandated rating of 40. It also contains no GTL components at all.