Shell in Malaysia
Shell in Malaysia
Shell has been a partner in fuelling Malaysia’s progress for over 125 years. Our journey with the nation is intertwined – in as much as Shell has played a role in growing the country’s energy sector, Malaysia has also played a significant role in the company’s progress.
Our business has diversified from a modest kerosene venture to a group of companies engaged in every aspect of the modern oil and gas business.
Today, Shell maintains a strong multi-faceted presence in the country through our longer-term investments, innovation-sharing, and impact to local communities.
We helped pioneer Malaysia’s oil and gas industry and fuelled its growth. We discovered Malaysia’s first oil onshore, then took the industry offshore, and most recently into the technically-challenging depths of Deepwater.
Shell’s strong retail network fuels the journeys of millions of Malaysian motorists every day. In fact, Shell is even able to offer one of the most differentiated fuel and lubricant products, some of which were pioneered right here in the country.
We fuelled the ambitions of Malaysians: whether the generations of retail business partners; thousands of Shell scholars over the years; young entrepreneurs from our LiveWire programme; or Shell staff and alumni who are Malaysian luminaries today.
Shell continues to be one of the top employers in Malaysia with thousands employed in our upstream, midstream and downstream businesses, as well as in our service and support functions.
Shell was formed in 1907, although our history can be traced back to the first half of the 19th century.
Our headquarters are in The Hague, the Netherlands, and our Chief Executive Officer is Ben van Beurden. The parent company of the Shell group is Shell plc, which is incorporated in England and Wales.
Our strategy is to strengthen our position as a leading energy company by providing oil and gas and low-carbon energy as the world’s energy system changes. Safety and social responsibility are fundamental to our business approach.
Shell's purpose is to power progress together with more and cleaner energy solutions. We believe that rising standards of living for a growing global population are likely to continue to drive demand for energy, including oil and gas for years to come. At the same time, technology changes and the need to tackle climate change means there is a transition underway to a lower-carbon, multisource energy system.
Against this backdrop, we have the following strategic ambitions:
- to provide a world-class investment case. This involves growing free cash flow and increasing shareholder returns, all built upon a strong financial framework and resilient portfolio;
- to thrive in the energy transition by responding to society’s desire for more and cleaner, convenient and competitive energy; and
- to sustain a strong societal licence to operate and contribute to society through a shared value approach to our activities.
Our ability to achieve our strategic ambitions depends on how we respond to competitive forces. We continuously assess the external environment – the markets as well as the underlying economic, political, social and environmental drivers that shape them – to evaluate changes in competitive forces and business models.
We continuously seek to improve our operating performance, with an emphasis on health, safety, security, environment and asset performance.
Our people are essential to the successful delivery of the Shell strategy and to sustaining business performance over the long term. Performing competitively in the evolving energy landscape requires competent and empowered people working safely together.
A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions. We believe that diverse teams led by inclusive leaders deliver better safety and business performance.
Shell at a glance in 2017
70+ countries we operate in
86,000 employees on average
66 million tonnes of LNG sold during the year
21 refineries we have interests in
3.7 million barrels of oil equivalent we produce per day
Financial performance in 2017
Revenue: $305.2 billion
Income: $13.4 billion
Capital investment: $24 billion
Investment in research and development: $922 million
Fast facts for sustainable development in 2017
$111 million spent on voluntary social investment worldwide. Of this:
- around $54 million spent on local programmes for community development, disaster relief, education, road safety, health and biodiversity.
- around $57 million spent on our global themes - energy access, boosting local skills and enterprise and STEM education.
We estimate that almost $107 million of our total social investment spend in 2017 was in countries that are part of the United Nations Development Programme Human Development Index 2016. These countries have a gross domestic product of less than $15,000 a year per person. Significant support is also provided in the form of voluntary work by Shell employees and donations of equipment.