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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
July 1, 1998
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SHELL OIL COMPANY
(Exact name of Registrant as specified in its Charter)
Delaware 1-2475 13-1299890
(State of Incorporation) (Commission File Number) (IRS Employer I.D. Number)
One Shell Plaza, Houston, Texas 77002
(Address of principal executive offices, including ZIP code)
(713) 241-6161
(Registrant's telephone number, including area code)
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Item 5. Other Events
On July 1, 1998 Shell Oil, Texaco Inc. (Texaco) and Saudi Arabian Oil
Company (Saudi Aramco) jointly announced the formation and operational start-
up of Motiva Enterprises LLC (Motiva), a joint venture combining major
elements of the three companies' eastern and Gulf Coast U.S. refining and
marketing businesses including assets previously held by Star Enterprise, a
partnership of corporate affiliates of Texaco and Saudi Aramco. Shell Oil has
35 percent ownership of Motiva, and Texaco and Saudi Refining,Inc., a
corporate affiliate of Saudi Aramco, each have 32.5 percent ownership of the
company (such ownership to be subject to adjustment in the future based on
the performance of the assets.)
Shell Oil issued a press release on the same date entitled "Shell, Texaco
and Saudi Aramco Announce Formation and Operational Start-Up of Motiva
Enterprises." This press release contains additional information regarding
Motiva and certain service companies to be formed by Motiva and Equilon
Enterprises Inc. ("Equilon"), a separate joint venture formed in January of
this year owned by Shell and Texaco. A copy of such press release is attached
hereto as Exhibit 99.1 and made a part hereof.
The exploration, production and chemical businesses of Shell Oil, Texaco
and Saudi Aramco are not included in either Motiva or Equilon.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Copy of press release issued by Shell Oil dated July 1, 1998,
entitled "Shell, Texaco and Saudi Aramco Announce Formation and
Operational Start-Up of Motiva Enterprises."
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SHELL OIL COMPANY
By: /s/ S. J. Paul
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S. J. Paul
Assistant Corporate Secretary
Date: July 1, 1998