Shell Oil Co. - 1970's dated Famous Oil Company Bond - Several Different Denominations Available
Inv# GB5051 BondOil Bond. Various Denominations. Very graceful vignette of angel figures & Shell symbol printed by American Bank Note Co. Available in Brown, Yellow, Red or Orange. Please specify color.Shell USA, Inc., previously known as Shell Oil Company, Inc., operates as a wholly owned subsidiary of Shell plc, a transnational corporation based in the United Kingdom and recognized as one of the largest oil companies globally. The company employs approximately 18,000 individuals across the United States, with its headquarters located in Houston, Texas. Shell USA, along with its consolidated subsidiaries and equity interests, ranks among the largest producers of oil and natural gas in America, as well as significant players in natural gas marketing, gasoline distribution, and petrochemical manufacturing.
In 1997, Shell and Texaco established two joint ventures focused on refining and marketing. The first venture, named Equilon, integrated their operations in the Midwest and West. The second venture, Motiva Enterprises, merged the Eastern and Gulf Coast operations of Shell Oil with Star Enterprise, a joint venture involving Saudi Aramco and Texaco. Following Texaco's merger with Chevron in 2001, Shell acquired Texaco's stakes in these joint ventures. By 2002, Shell initiated the rebranding of Texaco stations to the Shell brand, a transition that was completed by June 2004 and was recognized as "the largest retail re-branding initiative in American business history." In 2016, Shell Nederland Raffinaderij BV (Shell Pernis) announced the launch of a new aromatics unit at its extensive refinery located in Rotterdam, Netherlands.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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