Royal Dutch Shell became the second largest oil company in the world


The agreement on the absorption of BG Group was signed in April 2015, the amount of the transaction amounted to $70 billion to Shareholders BG Group under the agreement were to acquire 19% of the combined company, and Royal Dutch Shell have gained access to stocks of liquefied natural gas, mining which specialized British company.

Due to the merger of Royal Dutch Shell became the second largest oil company in the world, surpassing American Chevron. The first place is for Exxon Mobil, whose market capitalization is about $337 billion.

The main advantage of the acquisition from BG Group to Royal Dutch Shell Bloomberg calls the field in Brazil, where the company intends to double production by 2020. In particular Royal Dutch Shell will be able to get a share in major fields such as Lula, is considered one of the most promising developments in the country.

BG Group was founded in 1997 on the basis of the company’s British gas. It is specialized in the production of natural gas, working including in Australia, Brazil, Egypt, Tunisia. In addition, she was active in Kazakhstan, where its share in the project to develop oil and gas condensate field Karachaganak was 32.5%.