Shell group is second in the world oil industry (after Jersey Standard) and the largest industrial enterprise of any kind outside the U.S. Shell’s earnings rose in 1969 7.9% to $1 billion.

“Oil is seldom found where it is most needed, and seldom most needed where it is found,” says L.E.J. Brouwer, senior managing director of Royal Dutch/Shell. Brouwer speaks from sometimes painful experience. Though the Shell group is second in the world oil industry (after Jersey Standard) and the largest industrial…