Shell Canada
Encyclopedia
Shell Canada Limited is the subsidiary of Dutch
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
-based Royal Dutch Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
and one of Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
's largest integrated oil companies. Exploration and production of oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
, natural gas and sulphur is a major part of its business, as well as the marketing
Downstream
-Science:* In geography, away from the source of a stream or river* In meteorology, away from the source of an air parcel or mass, along the normal direction of water or air flow* Downstream , in computer or telecommunications networks...
of gasoline and related products
Product (business)
In general, the product is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce ' lead or bring forth'. Since 1575, the word "product" has referred to anything produced...
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
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta. Shell Canada also maintains a major office in Toronto, ON.
Stock acquisition by Royal Dutch Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
Group, but its shares were originally independently traded on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
. 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. 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.
In 2003 Royal Dutch Shell had appointed a British executive, and former Chairman of Shell in the UK, Clive Mather
Clive Mather
Clive Mather is the Chairman of Tearfund. Tearfund is an evangelical Christian relief and development agency, mobilising a global network of local churches to help eradicate poverty. Through its disaster relief capacity, it is able to bring front line emergency help to those communities ravaged by...
, 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, making him one of the highest remunerated employees in Royal Dutch Shell
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
.
Management and employees
In October 2008, Shell Canada Limited was named one of "Canada's Top 100 Employers
Canada's Top 100 Employers
Canada's Top 100 Employers is an annual competition that recognizes the best places in Canada to work. First held in 1999, the project aims to single out the employers that lead their industries in offering exceptional working conditions and progressive human resources policies. Winners are...
" by Mediacorp Canada Inc., and was featured in Maclean's
Maclean's
Maclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.-History:Founded in 1905 by Toronto journalist/entrepreneur Lt.-Col. John Bayne Maclean, a 43-year-old trade magazine publisher who purchased an advertising agency's in-house...
newsmagazine. Later that month, Shell Canada was also named one of Alberta's Top Employers
Alberta's Top Employers
Alberta's Top Employers is a competition that recognizes the best workplaces in Alberta. Published annually since October 2005, the designation recognizes the Alberta employers that lead their peers in providing exemplary employee benefits and forward-thinking human resource programs...
, which was announced by the Calgary Herald
Calgary Herald
The Calgary Herald is a daily newspaper published in the Canadian city of Calgary, Alberta.- History :The paper was first published on August 31, 1883 by Andrew Armour and Thomas Braden as The Calgary Herald, Mining and Ranche Advocate and General Advertiser. It started as a weekly paper with only...
and the Edmonton Journal
Edmonton Journal
The Edmonton Journal is a daily newspaper in Edmonton, Alberta. It is part of the Postmedia Network.-History:The Journal was founded in 1903 by three local businessmen — John Macpherson, Arthur Moore and J.W. Cunningham — as a rival to Alberta's first newspaper, the 23-year-old...
.
Refineries
Shell Canada - Montreal East Refinery : 161000 oilbbl/dShell Canada – Scotford Refinery : 100000 oilbbl/d
Shell Canada – Sarnia Refinery : 72000 oilbbl/d