Infobox_Company
company_name = Shell Canada
company_
company_type = Integrated
company_slogan = "Belief in People, Trust, Excellence, Alignment"
foundation = Montréal, Quebec (1911)
location = Calgary, Alberta since 1984
key_people = David Collyer, President & CEO
Derek Burney, Chairman
revenue = (2005)
industry = Oil and Gasoline
num_employees =
parent = Royal Dutch Shell
products = Petrochemical products and sales
homepage = [http://www.shell.ca Shell.ca]
Shell Canada Limited is the subsidiary of Europe-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.
tock 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. [ [http://www.tsx.com/en/news_events/news_releases/3-19-2007_TSX-IndexNotice-SHC.html TSX News Release - 3/19/2007] ] 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 (Sang Bong and associates). [ [http://business.guardian.co.uk/story/0,,1997095,00.html?81%3A+Guardian+business+daily+-+do+not+use The Guardian] ] 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 acquisition by Royal Dutch Shell of Shell Canada’s stock all 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 [ [http://www.shell.com/static//ca-en/downloads/investor/annual_reports/aif.pdf Shell annual report] ] , making him one of the highest remunerated employees in Royal Dutch Shell.
Management & Employees
Current members of the board of directors of Shell Canada Limited are: Sang Bong Lee- CEORobert Routs- Chair, W. Adrian Loader, Brian Straub, Greg Guidry, Gerard Paulides and David Collyer.
In 2007, Shell Canada was named one of Canada's Top 100 Employers, as published in Maclean's magazine, the only fully-integrated energy firm named. [cite web|url=http://www.eluta.ca/einfo?en=Shell+Canada+Limited&ri=147d2ddcca6ea2c7b211f5f9696a3407&rk=122fb08ed0dcfa736057949c17f25476|title=Canada's Top 100 Employers 2007, Reasons for Selection]
ee also
*Canadian Environment Awards
External links
Main
* [http://www.shell.ca Shell Canada official website]
* [http://www.shell.com Shell.com - The Royal Dutch/Shell Group of Companies]
References
Wikimedia Foundation.
2010.
