Shell Canada

Shell Canada Limited
Subsidiary
Industry Oil and gas
Founded 1911 (1911) in Montréal, Quebec, Canada
Headquarters Calgary, Alberta, Canada
Key people
 Michael Crothers (President and Country Chair)
Products Petroleum
Petrochemical products
Revenue Increase C$ 14.394 billion (2013)
Parent Royal Dutch Shell
Website www.shell.ca

Shell Canada Limited (French: Shell Canada Limitée) is the subsidiary of Anglo-Dutch Royal Dutch Shell and one of Canada's largest integrated oil companies. Exploration and production of oil, natural gas and sulphur is a major part of its business, as well as the marketing of gasoline and related products through the company's approximately 1,800 stations across Canada.

After a global reorganization by the European parent, Shell's North American operations are controlled by Shell Energy North America, which is headquartered in Houston, Texas. Shell Energy North America's Canadian operational unit, Shell Canada, maintains a regional corporate office in Calgary, Alberta. Shell Canada also maintains a major office in Toronto, ON.

History

A Shell Station on the corner of Vedder Road & Luckakuck Way in Chilliwack, British Columbia.

Shell Canada's shares were originally independently traded on the Toronto Stock Exchange. The company was 78% owned by Royal Dutch Shell which in 2006 launched an $8.7-billion takeover of the 22% of Shell Canada that it didn't own. In March 2007 the shareholders of Shell Canada Ltd. accepted a $45.00 per share cash offer from Royal Dutch Shell Plc.[1] This acquisition was primarily driven by the desire of the parent company to take total control of its Canadian division's unconventional resources, specifically the tar sands. The move was unanimously approved by the independent members of the Board of Directors.[2] In 2003 Royal Dutch Shell had appointed a British executive, and former Chairman of Shell in the UK, Clive Mather, as president and CEO of Shell Canada.

As a consequence of the stock acquisition by Royal Dutch Shell, all Shell Canada executives holding stock options benefitted. Shell Canada announced on Mr Mather’s retirement from the company shortly after the acquisition was completed that his total pay package for his final year (2007-07) was $4.9-million Including bonuses, stock options and pension contributions and that on leaving the company, Mr. Mather was additionally eligible for a lump sum payment equal to his annual gross salary. His total benefit in that year was, therefore $9.8 million of which some $5 million was from exercised stock options,[3] making him one of the highest remunerated employees in Royal Dutch Shell.

In 2006, Shell Canada acquired the tar sand developer BlackRock Ventures Inc. for C$2.4 billion. As a part of this deal, Shell acquired the Orion oil-sands project near Cold Lake, Alberta. In May 2012, Shell announced that it has put the project up for sale.[4]

Management and employees

Shell station in Edmonton, Alberta
Shell station in Ontario

Current Shell Canada Directors are Michael Crothers (President and Country Chair), Andrew Dueck (Vice President and Controller), Andrew Harris (Vice President), Barry Tyndall (Vice President, General Counsel and Assistant Secretary) and Zoe Yujnovich (Executive Vice President).[5]

In October 2008, Shell Canada Limited was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine. Later that month, Shell Canada was also named one of Alberta's Top Employers, which was announced by the Calgary Herald[6] and the Edmonton Journal.[7][8]

Refineries

See also

References

  1. ↑ TSX News Release – 19 March 2007
  2. ↑ The Guardian
  3. ↑ Shell annual report
  4. ↑ "Shell Puts Orion Oil-Sands Project In Alberta Up For Sale". Fox News Channel. Dow Jones Newswires. 2012-06-05. Retrieved 2012-06-05.
  5. ↑ "Leadership | Shell Canada". Shell Canada Limited. Retrieved September 26, 2016.
  6. ↑ "Calgary Herald, "Alberta's top 40 places to work", October 18, 2008".
  7. ↑ "Edmonton Journal, "Alberta's best focus on attracting, keeping staff", October 31, 2008".
  8. ↑ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
  9. ↑ "Scotford". Retrieved June 15, 2016.
  10. ↑ "Shell Manufacturing Centre". Retrieved June 15, 2016.
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