Shell Canada

{{Infobox company

| name = Shell Canada Limited

| logo = Shell_wordmark_2019.svg

| caption =

| type = Subsidiary

| traded_as =

| industry = Petroleum

| foundation = {{Start date and age|1911}}

| founder =

| location_city = Montreal (1911–1958)
Toronto (1958–1984)
Calgary (1984-present)

| locations =

| area_served =

| key_people = Susannah Pierce (president and Country chair)

| products = Petroleum
Petrochemical products

| services =

| revenue = {{Profit}} {{CAD|14.394 billion|link=yes}} (2013)

| operating_income =

| net_income =

| assets =

| equity =

| owner =

| num_employees =

| parent = Shell plc

| divisions =

| subsid =

| homepage = {{URL|https://www.shell.ca/|shell.ca}}

| footnotes =

}}

Shell Canada Limited ({{langx|fr|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.

History

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.[http://www.tsx.com/en/news_events/news_releases/3-19-2007_TSX-IndexNotice-SHC.html TSX News Release – 19 March 2007] {{webarchive|url=https://web.archive.org/web/20070930063934/http://www.tsx.com/en/news_events/news_releases/3-19-2007_TSX-IndexNotice-SHC.html |date=30 September 2007 }} 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.{{Cite news |last=Macalister |first=Terry |date=2007-01-23 |title=Shell bolsters offer for Canadian offshoot |language=en-GB |work=The Guardian |url=https://www.theguardian.com/business/2007/jan/23/royaldutchshell |access-date=2023-09-30 |issn=0261-3077}}

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.

File:Shell Building, Toronto.jpg & Morris.]]

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,[http://www.shell.com/static//ca-en/downloads/investor/annual_reports/aif.pdf Shell annual report] {{webarchive|url=https://web.archive.org/web/20070927195657/http://www.shell.com/static//ca-en/downloads/investor/annual_reports/aif.pdf |date=27 September 2007 }} 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 $2.4 billion. As 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.{{Cite news |last=Jones |first=Jeffrey |last2=Haggett |first2=Scott |date=2012-05-28 |title=Shell puts Alberta oil sands project on the block |language=en |work=Reuters |url=https://www.reuters.com/article/uk-shell-canada-oilsands-idUKBRE84R0KO20120528 |access-date=2023-09-30}}

In 2007, the company invested $20 million into an expansion at the Brockville Lubricant Plant.{{Cite web|url=https://www.brockvillechamber.com/member-directory.php?command=viewItem&ID=1447&name=Shell-Canada-Ltd.|title=Shell Canada Ltd. {{!}} Member Directory |website=www.brockvillechamber.com|access-date=2019-05-23}} In January 2019, it announced plans to invest a further $16 million towards new equipment that will increase production and efficiency.{{Cite web|url=https://ottawacitizen.com/news/local-news/shell-announces-16m-upgrade-to-brockville-oil-plant|title=Shell announces $16M upgrade to Brockville motor oil plant |website=Ottawa Citizen|date=2019-01-05|language=en|access-date=2019-05-23}}

In November 2015, the Shell Canada Quest Energy project began commercial operations.{{Cite web|url=https://www.nrcan.gc.ca/energy/funding/cef/18168|title=Shell Canada Energy Quest Project|date=2016-02-23|website=www.nrcan.gc.ca|access-date=2019-04-25}} 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%).{{Cite web|url=http://publications.gc.ca/site/archivee-archived.html?url=http://publications.gc.ca/collections/collection_2018/rncan-nrcan/m159/M159-11-2013-eng.pdf|title=Information archivée dans le Web|website=publications.gc.ca|access-date=2019-04-25}} It is identified as being the first commercial-scale CCS project, proposing to reduce CO₂ emissions in Canada by 1 million tonnes per year.{{Cite web|url=https://www.alberta.ca/carbon-capture-and-storage.aspx|title=Carbon capture and storage|website=www.alberta.ca|language=en-CA|access-date=2019-04-25}}

In April 2017, the company completed an expansion project at the Scotford refinery, growing hydrocracker production by 20%.{{Cite web|url=https://www.ogj.com/articles/2017/12/shell-wraps-debottlenecking-work-at-scotford-refinery.html|title=Shell wraps debottlenecking work at Scotford refinery|website=www.ogj.com|access-date=2019-05-23}}

Management and employees

File:Shell Centre, Calgary, June 2013.jpg in Calgary. The company vacated the building in 2023 and moved to The Bow.]]

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).{{Cite web| url=http://www.shell.ca/en/aboutshell/who-we-are-tpkg/our-people/directors-officers.html| archive-url=https://web.archive.org/web/20130131105701/http://www.shell.ca/en/aboutshell/who-we-are-tpkg/our-people/directors-officers.html| url-status=dead| archive-date=31 January 2013| title=Leadership | Shell Canada| publisher=Shell Canada Limited| access-date=26 September 2016}}

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 news magazine. Later that month, Shell Canada was also named one of Alberta's Top Employers, which was announced by the Calgary Herald{{Cite news|url=http://www.canada.com/calgaryherald/story.html?id=02b19397-2fdf-4039-ba29-b93eaf908adb|newspaper=Calgary Herald|title=Alberta's top 40 places to work|date=18 October 2008|url-status=dead|archive-url=https://web.archive.org/web/20151015185038/http://www.canada.com/calgaryherald/story.html?id=02b19397-2fdf-4039-ba29-b93eaf908adb|archive-date=15 October 2015}} and the Edmonton Journal.{{Cite news|url=http://www.canada.com/edmontonjournal/story.html?id=5bc8514a-b0eb-4538-bab4-a63f11f51a16|newspaper=Edmonton Journal|title=Alberta's best focus on attracting, keeping staff|date=31 October 2008|url-status=dead|archive-url=https://web.archive.org/web/20090205184601/http://www.canada.com/edmontonjournal/story.html?id=5bc8514a-b0eb-4538-bab4-a63f11f51a16|archive-date=5 February 2009}}{{Cite web|url=http://www.eluta.ca/top-employer-shell-canada|title=Reasons for Selection, 2009 Canada's Top 100 Employers Competition}}

Refineries

Scotford Upgrader and Refinery: {{convert|100000|oilbbl/d|m3/d|abbr=on}}{{cite web |title=Scotford |url=http://www.shell.ca/can/en_ca/about-us/projects-and-sites/scotford.html |archive-url=https://web.archive.org/web/20160703161905/http://www.shell.ca/can/en_ca/about-us/projects-and-sites/scotford.html |url-status=dead |archive-date=3 July 2016 |access-date=15 June 2016 }}
Corunna Refinery: {{convert|85000|oilbbl/d|m3/d|abbr=on}}{{cite web |title=Shell Manufacturing Centre |url=http://www.shell.ca/can/en_ca/about-us/projects-and-sites/sarnia-manufacturing-centre.html |access-date=15 June 2016 |url-status=dead |archive-url=https://web.archive.org/web/20160613121307/http://www.shell.ca/can/en_ca/about-us/projects-and-sites/sarnia-manufacturing-centre.html |archive-date=13 June 2016}}
Montreal East Refinery: {{convert|161000|oilbbl/d|m3/d|abbr=on}}; closed in 2010