Shell Becomes Leading Oil Company

Shell's rise to prominence in the oil industry can be traced back to its strategic expansions and innovations throughout the early 20th century. By the end of the 1920s, Shell had established itself as the world's leading oil company, a position bolstered by its production capabilities and extensive fleet. The company was responsible for 11 percent of the global crude oil supply, a significant share that underscored its influence in the market. Additionally, Shell owned 10 percent of the world's tanker tonnage, which facilitated its ability to transport oil efficiently across international waters. This combination of production and logistical prowess allowed Shell to dominate the oil sector during this period, setting the stage for its future growth and development in the industry.