Royal Dutch Shell Tops Fortune’s 500 List 2012
Stephanie Mehta, Fortune Magazine executive editor, provides a list of Fortune’s top 500 global companies.
CEO: Peter R. Voser
Address: Carel van Bylandtlaan 30
The Hague, 2596
The company at the top of Fortune’s Global 500 list has made headlines for its push to drill in Arctic waters. It’s been a controversial plan, in part, because a spill in cold water near Alaska would likely prove difficult to clean. Shell is pushing forward, hoping to begin drilling this July for some of the estimated 90 billion barrels of recoverable oil in the Arctic. Over the next 10-20 years, the company expects oil from the Arctic to be its largest source of crude.
In the short-term, Shell has done well, boosting its earnings for the first quarter of 2012 by 11%, compared to the previous year, to $7.7 billion. Part of the increase in earnings comes from Shell’s long-term projects that have just started producing: namely, a gas-to-liquids plant in Qatar and projects in the Canadian oil sands. -– Shelley DuBois, writer-reporter