Royal Caven Petroleum
| This page is a work in progress by its author(s) and should not be considered final. |
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| Formerly called | JuoIzumi Holdings |
|---|---|
| Type | Limited liable company |
| Traded as | ROYL |
| Industry | Oil, gas, energy |
| Predecessor(s) |
JuoIzumi Holdings (1860) Royal Kabuverdianu Pétrole ltd. (1889) |
| Founded | Kabuverdianu, Caven, East Malaysia (August 6, 1907) |
| Founder(s) |
East Malaysian government Royal Caven Family |
| Headquarters | Kabuverdianu, East Malaysia |
| Area served | Worldwide |
| Products | Petroleum, natural gas, LNG, lubricants, petrochemicals, renewable energy |
| Brands |
JuoIzumi King's Stop Island Energy REnergy ROYAL Royoil |
| Revenue | 213 Billion |
| Net income | 7 Billion |
| Owner(s) |
20% East Malaysian government 5% Royal Caven Family 3% Capital Coalition Worldwide |
| Subsidiaries |
JuoIzumi Petrol Royal C-Stores Royal Kabuverdianu Pétrole Island Energy Group |
| Website | royal.em |
Royal Caven Petroleum, one of the largest oil and gas companies on Urth is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation and trading. It also has renewable energy activities, including in biofuels, wind, solar, geothermal, hydroelectric, and hydrogen that is operated under Island Energy's REnergy brand.
In the 1720s the East Malaysian government had discovered massive oil reserves in the Izumi mountain range that ran through East Malaysia (Kabuverdianu) Island and Juoi Island after Verlot joined East Malaysia. After Juoi Island joined East Malaysia in 1860 the East Malaysian government funded the formation of JuoIzumi Petrol for the exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation and trading.
In 1889 the Royal Caven Family established their own competing oil and gas company, Royal Kabuverdianu Pétrole, as a way for the family to reduce taxation on the people and to use their available natural resources in the Izumi mountain range. By 1903 the Kingdom of Caven had joined East Malaysia and due to the Caven-Templeton members of the Royal Caven Family's loyalty they were allowed to continue operating their company, keep their royal titles and be provided financial support as long as they supported the sitting Imperial Family of East Malaysia.
In 1907 JuoIzumi Holdings bought Royal Kabuverdianu Pétrole and changed its name to Royal Caven Petroleum.
In 1925 Royal Caven Petroleum purchased Fueln'Go, a chain of convenience stores, that purchased all its fuel from ROYL. It renamed the company to Royal C-Stores and rebanded all their stores and gas stations to ROYAL.
In 1957 Royal C-Stores purchased King's Stop but kept the brand in certain markets but all gas station branding changed to King's Stop with ROYAL fuels.
By 1983 Royal Caven Petroleum decided to diversify by purchasing Island Energy Group that was known for its renewable energy activities and direct to consumer business in East Malaysia, East Gemica Island and Iseul under its REnergy brand.
