Shell now the second biggest non-state oil company

SHELL BONNYWorkers at Shell's Bonny Island plant in Nigeria. (Image source: Shell/Flickr)Shell has overtaken Chevron to become the world's second largest non-state oil company, in the wake of the company's acquisition of BG Group

This move increases Shell's value to £133 bn, which moves it ahead of Chevron, which is currently valued at £112 bn. Texas-based ExxonMobil remains the world's biggest non-state oil company with a value of £234 bn.

The acquisition of BG Group cost Shell £36 bn and the deal was completed yesterday, after first being mooted in April 2015. It is the biggest oil deal this decade to date.

Shell has a major presence in Africa, with operations in Algeria, Benin, Botswana, Burkina Faso, Egypt, Gabon, Ghana, Kenya, Lesotho, Madagascar, Mauritius, Namibia, Nigeria, and South Africa. BG Group has a presence in four African markets, namely Egypt, Kenya, Tanzania and Tunisia.

 

 

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