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Financial Times: Shell history

By Ed Crooks
Published: March 21 2007 02:00 | Last updated: March 21 2007 02:00

Royal Dutch Shell had a dual company structure for almost a century after Royal Dutch Petroleum and Shell Transport and Trading merged in 1907.

There were two boards and two separate shares for the two companies, brought together by a joint committee of managing directors and a chairman for the group.

This structure served it well as it maintained its status as one of the world’s biggest oil and gas groups. But after the reserves misreporting scandal of 2004, it was decided that the company needed a more modern and streamlined structure. The two companies were merged, with the head office in the Hague. Ed Crooks

Copyright The Financial Times Limited 2007

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