Shell Canada

Shell Canada

Type	Integrated
Founded	Montréal, Quebec (1911)
Headquarters	Calgary, Alberta since 1984
Key people	Brian Straub, President revenue = $14.394 billion CAN (2005)
Industry	Oil and Gasoline
Products	Petrochemical products and sales
Parent	Royal Dutch Shell
Website	Shell.ca

Shell Canada Limited is the subsidiary of Dutch-based 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 head office in Calgary, Alberta. Shell Canada also maintains major offices in Toronto, ON and Vancouver, BC.

Stock acquisition by Royal Dutch Shell

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

Shell Canada is part of the Royal Dutch Shell Group, but its 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 divisions unconventional resources, specifically the oil 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.

Management and employees

Shell station in Edmonton, Alberta

Current senior officers are Brian Straub (President, Country Chair), John Abbott (Sr VP Oil Sands), Greg Guidry (Sr VP Exploration & Production), Dwight van Kampen (Sr VP Finance and Controller).

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^[4] and the Edmonton Journal.^[5][6]

Refineries

Shell Canada - Montreal East Refinery : 161 000 bpd

Shell Canada - Scotford Refinery : 100 000 bpd

Shell Canada - Sarnia Refinery : 72 000 bpd

See also

• Canadian Environment Awards

References

External links

• Shell Canada official website
• Shell.com - The Royal Dutch/Shell Group of Companies