Shell Canada
From Wikipedia, the free encyclopedia
| Shell Canada | |
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| Type | Integrated (TSX: SHC) |
|---|---|
| Founded | Montréal, Quebec (1911) |
| Headquarters | Calgary, Alberta since 1984 |
| Key people | Clive Mather, President & CEO Derek Burney, Chairman |
| Industry | Oil and Gasoline |
| Products | Petrochemical products and sales |
| Revenue |  $14.394 billion CAN (2005) |
| Slogan | Belief in People, Trust, Excellence, Alignment |
| Website | Shell.ca |
Shell Canada Limited (TSX: SHC) is 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 is part of the Royal Dutch Shell Group, but has its shares independently traded on the Toronto Stock Exchange. The company is 78% owned by Royal Dutch Shell, which plans to buy the remaining 22% as well in order to simplify its internal structure and avoid the necessity of having to be accountable to local Canadian stockholders. The move has been opposed by some local directors [1]. Further criticism came from the revealation that the President of Shell Canada, Clive Mather, will personally benefit through stock options to the extent of in excess of $10 million from the deal..
Shell Canada is based in Calgary, Alberta, and had a revenue of $14.394 billion in fiscal year 2005.[1]
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[edit] Corporate governance
Current members of the board of directors of Shell Canada Limited are: Derek Burney, Ida Goodreau, Kerry Hawkins, David Kerr, W. Adrian Loader, Clive Mather, Ronald Osborne, Robert Routs, Raymond Soyer, and Nancy Southern.
[edit] Shell Canada lawsuit
A settlement was reached in the class actions filed against Shell Canada Limited on behalf of persons who used Shell gasoline products between March 1, 2001 and April 15, 2002 and who incurred out-of-pocket expenses due to fuel system problems before July 31, 2002. The settlement applies to Canadian residents outside of Quebec.
Under the settlement, Shell compensated people who owned or leased vehicles that were filled with at least $100 worth of Shell branded gasoline between March 1, 2001 and April 15, 2002 and that experienced fuel pump or fuel sensor problems before July 31, 2002.
There are three classes of claims and compensation:
People who owned or leased 1996-2002 Chrysler vehicles (except Jeeps) were fully reimbursed for fuel pump and fuel sensor repairs and for eligible out-of-pocket expenses. People who owned or leased other 1996-2002 vehicles and who can establish that the fuel pump or fuel-sending unit had a particular residue on it were reimbursed for eligible repairs and out-of-pocket costs to a maximum of $175. People who owned or leased pre-1996 vehicles and who can establish that the fuel pump or fuel-sending unit had a particular residue on it were reimbursed for eligible repairs and out-of-pocket expenses to a maximum of $100.
[edit] Products
Shell Canada produces and sells auto and aviation fuels, lubricants, natural gas, bitumen, asphalt, sulphur, food grade lubricants and thermal insulation.
[edit] Shell Lubricants
Shell Lubricants has introduced Shell Retinax Fifth Wheel Grease in a one-time, easy-to-use squeeze tube, to facilitate quick use and the proper amount.
The new heavy-duty calcium grease is formulated with a high level of solid additives for enhanced load carrying capability. With its high solids content and heavy base oil formula, the new Shell Retinax Fifth Wheel Grease provides an effective lubricant film even under the heavy stress and constant sliding contact experienced in fifth wheels.
Shell Retinax Fifth Wheel Grease is suitable for the lubrication of all fifth wheel top plates as it offers excellent adhesive properties while remaining very resistant to water. This new grease holds up to the washout and spray-off encountered during long hauls of wet highway driving. In addition, the durable Shell Retinax Fifth Wheel Grease also resists flaking.
