Shell Canada Limited (French: Shell Canada Limitée) is the principal Canadian subsidiary of British energy major Shell plc 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, Ontario.
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 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.
Shell station in Ontario
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 oil sands 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]
In 2007, the company invested $20 million (CAD) into an expansion at the Brockville Lubricant Plant.[5] In January 2019, it announced plans to invest a further $16 million (CAD) towards new equipment that will increase production and efficiency.[6]
In November 2015, the Shell Canada Quest Energy project began commercial operations.[7] Part of the Athabasca Oil Sands Project, it involves Shell as the major shareholder (60%), Chevron Canada Limited (20%), and Marathon Canadian Oil Sands Holding Limited (20%).[8] It is identified as being the first commercial-scale CCS project, proposing to reduce CO2 emissions in Canada by 1 million tonnes per year.[9]
In April 2017, the company completed an expansion project at the Scotford refinery, growing hydrocracker production by 20%.[10]
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).[11]
Patrick M. Fowlie, 1929–1948 William M. V. Ash, 1948–1961 Paul L. Kartzke, 1962–1968 Harold Bridges, 1968–1970 John F. Bookout, 1970–1974 C. William Daniel, 1974–1985 John M. MacLeod, 1985–1993 Charles W. Wilson, 1993–1999 Timothy W. Faithfull, 1999–2003 Linda Cook, 2003–2004 H. Clive Mather, 2004–2007 W. Adrian Loader, 2007 David R. Collyer, 2008–2009 Lorraine Mitchelmore, 2009–2015 Michael Crothers, 2016–2021 Susannah Pierce, 2021–
^"Shell Canada Ltd. | Member Directory". www.brockvillechamber.com. Retrieved 23 May 2019.
^"Shell announces $16M upgrade to Brockville motor oil plant". Ottawa Citizen. 5 January 2019. Retrieved 23 May 2019.
^"Shell Canada Energy Quest Project". www.nrcan.gc.ca. 23 February 2016. Retrieved 25 April 2019.
^"Information archivée dans le Web" (PDF). publications.gc.ca. Retrieved 25 April 2019.
^"Carbon capture and storage". www.alberta.ca. Retrieved 25 April 2019.
^"Shell wraps debottlenecking work at Scotford refinery". www.ogj.com. Retrieved 23 May 2019.
^. Shell Canada Limited. Archived from the original on 31 January 2013. Retrieved 26 September 2016.
^. Calgary Herald. 18 October 2008. Archived from the original on 15 October 2015.
^. Edmonton Journal. 31 October 2008. Archived from the original on 5 February 2009.
^"Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
^. Archived from the original on 3 July 2016. Retrieved 15 June 2016.
^. Archived from the original on 13 June 2016. Retrieved 15 June 2016.
External links
Official website
April 22, 2023
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Shell Canada Limited French Shell Canada Limitee is the principal Canadian subsidiary of British energy major Shell plc 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 Shell Canada LimitedTypeSubsidiaryIndustryPetroleumFounded1911 112 years ago 1911 in Montreal QuebecHeadquartersCalgary Alberta CanadaKey peopleSusannah Pierce President and Country Chair ProductsPetroleumPetrochemical productsRevenueCA 14 394 billion 2013 ParentShell plcWebsiteshell caAfter 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 Ontario Contents 1 History 2 Management and employees 3 Refineries 4 Leadership 4 1 President 5 See also 6 References 7 External linksHistory Edit A Shell Station on the corner of Vedder Road amp 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 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 Shell station in Ontario 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 oil sands 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 In 2007 the company invested 20 million CAD into an expansion at the Brockville Lubricant Plant 5 In January 2019 it announced plans to invest a further 16 million CAD towards new equipment that will increase production and efficiency 6 In November 2015 the Shell Canada Quest Energy project began commercial operations 7 Part of the Athabasca Oil Sands Project it involves Shell as the major shareholder 60 Chevron Canada Limited 20 and Marathon Canadian Oil Sands Holding Limited 20 8 It is identified as being the first commercial scale CCS project proposing to reduce CO2 emissions in Canada by 1 million tonnes per year 9 In April 2017 the company completed an expansion project at the Scotford refinery growing hydrocracker production by 20 10 Management and employees Edit Shell station in Edmonton Alberta 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 11 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 12 and the Edmonton Journal 13 14 Refineries EditScotford Upgrader and Refinery 100 000 bbl d 16 000 m3 d 15 Corunna Refinery 75 000 bbl d 11 900 m3 d 16 Montreal East Refinery 161 000 bbl d 25 600 m3 d Closed in 2010Leadership EditPresident Edit Patrick M Fowlie 1929 1948 William M V Ash 1948 1961 Paul L Kartzke 1962 1968 Harold Bridges 1968 1970John F Bookout 1970 1974 C William Daniel 1974 1985 John M MacLeod 1985 1993 Charles W Wilson 1993 1999 Timothy W Faithfull 1999 2003Linda Cook 2003 2004H Clive Mather 2004 2007 W Adrian Loader 2007 David R Collyer 2008 2009 Lorraine Mitchelmore 2009 2015 Michael Crothers 2016 2021 Susannah Pierce 2021 See also EditCanadian Environment AwardsReferences Edit TSX News Release 19 March 2007 Archived 30 September 2007 at the Wayback Machine The Guardian Shell annual report Archived 27 September 2007 at the Wayback Machine Shell Puts Orion Oil Sands Project in Alberta Up For Sale Fox News Channel Dow Jones Newswires 5 June 2012 Retrieved 5 June 2012 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help permanent dead link Shell Canada Ltd Member Directory www brockvillechamber com Retrieved 23 May 2019 Shell announces 16M upgrade to Brockville motor oil plant Ottawa Citizen 5 January 2019 Retrieved 23 May 2019 Shell Canada Energy Quest Project www nrcan gc ca 23 February 2016 Retrieved 25 April 2019 Information archivee dans le Web PDF publications gc ca Retrieved 25 April 2019 Carbon capture and storage www alberta ca Retrieved 25 April 2019 Shell wraps debottlenecking work at Scotford refinery www ogj com Retrieved 23 May 2019 Leadership Shell Canada Shell Canada Limited Archived from the original on 31 January 2013 Retrieved 26 September 2016 Alberta s top 40 places to work Calgary Herald 18 October 2008 Archived from the original on 15 October 2015 Alberta s best focus on attracting keeping staff Edmonton Journal 31 October 2008 Archived from the original on 5 February 2009 Reasons for Selection 2009 Canada s Top 100 Employers Competition Scotford Archived from the original on 3 July 2016 Retrieved 15 June 2016 Shell Manufacturing Centre Archived from the original on 13 June 2016 Retrieved 15 June 2016 External links EditOfficial website Retrieved from https en wikipedia org w index php title Shell Canada amp oldid 1148899618, wikipedia, wiki, book, books, library,
