Royal Dutch Shell: When Not To Worry About Dividend Cuts

In 1907, Royal Dutch Petroleum merged with Shell Transport & Trading to create a counterweight that could hold its own against John Rockefeller’s growing Standard Oil in the United States that was scaring the bejesus out of European businessmen because Rockefeller possessed an unbridled ambition and cunning ruthlessness to lower the price of kerosene and gasoline by 80% by underselling competitors with lower prices and engaging in transportation rebates that Standard Oil executives went to great lengths to keep secret.

At a time when gasoline and kerosene executives were respecting each other’s turfs and collecting nice profits for themselves so that they could go about life with nice houses, kids in the best … Read the rest of this article!