Shell Canada
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| Type | Integrated |
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| 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. The corporation's head offices are in Calgary.
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[edit] Stock acquisition by Royal Dutch Shell
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 to take a larger stake in 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.
[edit] Management and employees
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]
[edit] Refineries
Shell Canada Ltd. - Montreal East Refinery : 161 000 bpd
Shell Canada Ltd. - Scotford Refinery : 100 000 bpd
Shell Canada Ltd. - Sarnia Refinery : 72 000 bpd
[edit] See also
[edit] References
- ^ TSX News Release - 3/19/2007
- ^ The Guardian
- ^ Shell annual report
- ^ "Calgary Herald, "Alberta’s top 40 places to work”, October 18, 2008". http://www.canada.com/calgaryherald/story.html?id=02b19397-2fdf-4039-ba29-b93eaf908adb.
- ^ "Edmonton Journal, "Alberta's best focus on attracting, keeping staff", October 31, 2008". http://www.canada.com/edmontonjournal/story.html?id=5bc8514a-b0eb-4538-bab4-a63f11f51a16.
- ^ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition". http://www.eluta.ca/top-employer-shell-canada.
[edit] External links
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