No. It's a corporation.

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Shell Oil Company is the US subsidiary of the multinational corporation Royal Dutch Shell, which is listed on the London stock exchange.

A "shell" corporation is set up to disguise or mitigate taxation obligations. In simple terms, the "shell" would be used to demonstrate to tax authorities a lower level of trading that was actually extent. To actuate such a process, one would normally buy an IBC from a formation agent and do the greater part of one's trading through it.

Quaker State Corporation (now part of Shell Oil Company)

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