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Shell plc

OilFounded 1907
Reviewed by Swet Parvadiya
Company data updated: October 2026

Founders

Who Founded Shell?

Marcus Samuel, Henri Deterding · Founded 1907 · HQ today: London, United Kingdom

Who founded Shell?

Shell was founded by Marcus Samuel, Henri Deterding in 1907. It is now led by Wael Sawan.

Founders
Marcus Samuel, Henri Deterding
Founded
1907
Headquarters
London, United Kingdom
Number of founders
2
Current CEO
Wael Sawan (since 2023)
Where was Shell founded?
Shell was founded in London, United Kingdom / The Hague, Netherlands in 1907.
When was Shell founded?
Shell was founded in 1907.
Who started Shell?
Shell was founded by Marcus Samuel and Henri Deterding.
How old is Shell?
Shell is 119 years old as of 2026.

Founding Story

In 1833 Marcus Samuel Sr. ran a London business selling objects decorated with seashells imported from the Far East. His son Marcus Samuel, working with brother Samuel Samuel, moved into the kerosene trade, and in 1892 their tanker Murex became the first bulk oil tanker approved to pass through the Suez Canal, undercutting Standard Oil in Asia. The brothers founded The Shell Transport and Trading Company in 1897. In 1907 it combined with Royal Dutch Petroleum, led by Henri Deterding, on a 60/40 basis in Royal Dutch's favour, creating the group that kept the shell emblem.

Marcus Samuel

Co-founder 1897

Background

A London merchant who expanded his father's seashell import business into Asian trade, then into bulk kerosene shipping.

Role at Shell plc

Marcus Samuel (1853-1927), later 1st Viscount Bearsted, built Shell's British side. With his brother Samuel Samuel he commissioned the Murex, which in 1892 became the first bulk oil tanker cleared to pass through the Suez Canal, letting the brothers sell Russian kerosene in Asia at prices that challenged Standard Oil. He founded The Shell Transport and Trading Company in 1897, agreed the 1907 combination with Royal Dutch, and served as Lord Mayor of London in 1902-1903. Marcus Samuel was born in 1853.

Henri Deterding

Co-founder 1907

Background

A Dutch banker-turned-oil executive who ran Royal Dutch Petroleum's East Indies sales business before leading the company.

Role at Shell plc

Henri Deterding (1866-1939) became head of Royal Dutch Petroleum in 1900, a decade after the company was founded to develop oil in Sumatra. He negotiated the 1907 combination with Shell Transport and Trading, which gave the Dutch side 60% and the British side 40% of the group, and led Royal Dutch Shell until 1936. He is usually credited as a co-architect of the group rather than the founder of Royal Dutch itself.

Henri Wilhelm August Deterding was born on April 19, 1866 and died on February 4, 1939. He was general manager of Royal Dutch for 36 years, from 1900 to 1936, succeeding Jean Baptiste August Kessler. In 1920 he was made an honorary Knight Commander of the Order of the British Empire for supplying the Allies with petroleum during the First World War. Henri Deterding was born in 1866.

Shell plc: CEO & Leadership History

Full timeline →

Wael Sawan

Chief Executive Officer

2023 – Present

Under Sawan, Shell delivered $5.8 billion of structural cost reductions since 2022 and at least $3 billion of buybacks every quarter for 19 quarters to Q2 2026, while refocusing growth on LNG and deepwater.

Ben van Beurden

Former Chief Executive Officer

2014 – 2022

Turned Shell into a gas-weighted major and launched its Powering Progress net-zero strategy.

Peter Voser

Chief Executive Officer

2009 – 2013

Shell invested heavily in liquefied natural gas and the Pearl gas-to-liquids plant in Qatar under him. Ben van Beurden succeeded him at the start of 2014.

Jeroen van der Veer

Chief Executive

2004 – 2009

He rebuilt the reserves base and simplified the corporate structure. Peter Voser succeeded him in 2009.

Keep researching Shell

Who Founded Shell? FAQ

Who were the primary founders of Shell?

Shell's modern foundation rests on four historic figures: London merchant brothers Marcus Samuel and Samuel Samuel (founders of The Shell Transport and Trading Company), and Dutch oil pioneers Jean Baptiste August Kessler and Henri Deterding (founders of the Royal Dutch Petroleum Company).

Who was Marcus Samuel and how did he begin his business?

Marcus Samuel (1853-1927, later 1st Viscount Bearsted) was born in London to a Jewish merchant family. He inherited a small import-export shop from his father, which imported decorative oriental seashells, expanding the business into Far Eastern coal and kerosene trading in the 1880s.

How did Marcus Samuel revolutionize bulk oil shipping with the SS Murex?

In 1892, Marcus Samuel commissioned the SS Murex, the world's first steam tanker designed to safely transport bulk liquid kerosene through the Suez Canal, bypassing expensive wooden barrels and slashing kerosene shipping costs to Asia.

Who was Henri Deterding and what was his role in creating Royal Dutch Shell?

Henri Deterding (1866-1939) was a brilliant, aggressive Dutch banker and oil executive who took control of Royal Dutch in 1900. Recognizing that neither Royal Dutch nor Shell could survive Standard Oil's price wars alone, Deterding orchestrated the historic 1907 amalgamation.

Who was Jean Baptiste August Kessler in Royal Dutch's founding?

Jean Baptiste August Kessler was the Dutch engineer who rescued Royal Dutch from near-bankruptcy in the 1890s, managing harsh jungle drilling operations in Sumatra, Indonesia, to tap commercial oil wells before his death in 1900.

What were the terms of the historic 1907 amalgamation agreement?

Signed on February 23, 1907, the agreement created a 60/40 partnership: Royal Dutch held 60% of the joint venture's assets and profits, while Shell Transport and Trading held 40%, with Henri Deterding serving as chief executive.

What was the role of Marcus Samuel's brother, Samuel Samuel?

Samuel Samuel co-managed the company's East Asian trading operations from Japan and Hong Kong, securing vital maritime bunkering ports and kerosene distribution networks across the Pacific.

What honors did Marcus Samuel achieve during his life?

For his critical contributions supplying fuel oil to the British Royal Navy during World War I, Marcus Samuel was knighted, served as Lord Mayor of London (1902-1903), and was elevated to the British peerage as the 1st Viscount Bearsted.

Why did Marcus Samuel and Henri Deterding clash over company control?

While Samuel was a civic statesman and British patriot, Deterding was an aggressive, autocratic financier who prioritized total commercial domination. Deterding's superior operational grip allowed Royal Dutch to dominate executive management for decades.

How did the early founders secure oil exploration concessions in Sumatra?

Royal Dutch secured oil exploration rights in Telaga Said in northern Sumatra from local sultans under Dutch colonial administration, persevering through tropical disease, monsoon rains, and geological challenges to strike oil in 1885.

What happened to Henri Deterding in the 1930s?

In his later years, Deterding developed extreme political views and sympathized with European fascism, leading Shell's board of directors to force his retirement in 1936 to safeguard the company's reputation.

How is the legacy of the founders commemorated today?

The iconic yellow-and-red Pecten scallop shell logo remains one of the world's most recognized commercial symbols, preserving the 190-year-old memory of Marcus Samuel's original London seashell curio shop.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.