Published: Jul 30, 2007
LITTLE FALLS, N.J., July 30 /PRNewswire/ — Shell has reclaimed the number one position in the world lubricants market, according to data from a recently completed study by analysts at Kline & Company, a worldwide management consulting and market research firm.
Volumetric data from Competitive Intelligence for the Global Lubricants Industry, 2006-2016 shows Shell edging out its largest competitor, albeit by a slim margin, just one year after ExxonMobil had achieved the top position. The study indicates that organic growth in Shell’s business in China, Russia, and parts of Asia and Europe, coupled with the company’s acquisition of a 75% share in the Chinese oil company Beijing Tongyi were the deciding factors. BP, Chevron, and Total round out the top five lubricant marketers.