 | |
| Company type | Subsidiary |
|---|---|
| Industry | Petroleum |
| Founded | 1911; 114 years ago (1911) |
| Headquarters | |
Key people | Susannah Pierce (president and Country chair) |
| Products | Petroleum Petrochemical products |
| Revenue |  CA$14.394 billion (2013) |
| Parent | Shell plc |
| Website | shell.ca |
Shell Canada Limited (French:Shell Canada Limitée) is the principal Canadian subsidiary of British energy majorShell plc and one ofCanada's largest integrated oilcompanies. Exploration andproduction ofoil, natural gas andsulphur is a major part of its business, as well as themarketing of gasoline and relatedproducts 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 inCalgary, Alberta. Shell Canada also maintains a major office in Toronto, Ontario.
Shell Canada's shares were originally independently traded on theToronto 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'sunconventional resources, specifically theoil 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 Mather's retirement from the company shortly after the acquisition was completed that his total pay package for his final year (2006–2007) was $4.9 million including bonuses, stock options and pension contributions and that on leaving the company, 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 inRoyal Dutch Shell.
In 2006, Shell Canada acquired the oil sands developer BlackRock Ventures Inc. for $2.4 billion. As part of this deal, Shell acquired the Orion oil-sands project nearCold Lake, Alberta. In May 2012, Shell announced that it has put the project up for sale.[4]
In 2007, the company invested $20 million into an expansion at theBrockville Lubricant Plant.[5] In January 2019, it announced plans to invest a further $16 million towards new equipment that will increase production and efficiency.[6]
In November 2015, theShell Canada Quest Energy project began commercial operations.[7] Part of the Athabasca Oil Sands Project, it involvesShell 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-scaleCCS 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 theScotford refinery, growing hydrocracker production by 20%.[10]
The current Shell Canada directors are Susannah Pierce (President and Country Chair), Leanne Gawley (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 inMaclean's news magazine. Later that month, Shell Canada was also named one ofAlberta's Top Employers, which was announced by theCalgary Herald[12] and theEdmonton Journal.[13][14]
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