August 24, 2016 11:17 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Shell Oil Company

Company Overview

Shell Oil Company produces oil and gas, and petrochemicals for customers in the United States and internationally. The company focuses on oil and gas exploration and production; oil and natural gas production; gasoline and natural gas marketing; and petrochemical manufacturing. It offers motor oils and lubricants, lubricants and motor oils for heavy duty engines, and preventative maintenance services; chemicals for industrial markets; gasoline, diesel, and heating oils for B2B customers; and lubricants for businesses that include agriculture, construction, transport, manufacturing, metals, mining and quarries, and power. The company also operates pipelines; trades natural gas, electrical pow...

1000 Main

12th Floor

Houston, TX 77002

United States

Founded in 1922

Phone:

713-767-5300

Fax:

713-241-4044

Key Executives for Shell Oil Company

Chief Financial Officer, Vice President of Finance and Director
Age: 64
President of Shell Energy North America (US) LP
Senior Vice President, Corporate Secretary and General Counsel
Executive Vice President of Chemicals
Age: 69
Compensation as of Fiscal Year 2016.

Shell Oil Company Key Developments

Shell Oil To Sell Plot Of Land Of Texas Medical Center

Shell Oil Company is planning to sell a plot of land of Texas Medical Center, the Houston Chronicle reports. The land is likely worth of $10 millions, the Chronicle reports. Cushman & Wakefield is listing the property and already received two offers and expects to sell the land in 2016. Shell and The Texas Medical Center declined to comment to the Chronicle on the property.

Shell And Saudi Arabian Oil Seek Sale Of Joint Venture

Shell Oil Company and Saudi Refining, Inc. seek to sell assets of Motiva Enterprises LLC. Shell will assume control of two Louisiana refineries operated by the Motiva Enterprises LLC joint venture, as well as nine fuel terminals and rights to Shell-branded markets in Florida, Louisiana and the U.S. Northeast. Saudi Refining will retain the Motiva name and take ownership of the largest U.S. refinery in Port Arthur, Texas, along with 26 terminals and exclusive license to sell fuel under the Shell brand across Texas and much of the U.S. Midwest and Southeast. Shell will get some cash from Aramco following the split, a first step in the company’s plan to sell $30 billion of assets in three years, a spokesman said.

Department of Justice Lodges Proposes Consent Decree with United States District Court for the Central District of California, Western Division, in the Lawsuit against Multiple Companies

On December 29, 2015, the Department of Justice lodged a proposed Consent Decree with the United States District Court for the Central District of California, Western Division, in the lawsuit entitled United States and State of California Department of Toxic Substances Control v. AC Products, Inc., et al. Civil Action No. 2:15-cv-09931. The United States and the State of California filed this lawsuit under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) against the following defendants for recovery of response costs which each incurred to address environmental contamination at the Cooper Drum Company Superfund Site located in Los Angeles County, California (site): Quaker Chemical Corporation; Rathon Corp.; Shell Chemical LP; Shell Oil Company; SOCO West, Inc.; Southern California Edison; Southern Counties Oil Co.; Sta-Lube LLC f/k/a Sta-Lube, Inc.; Stuarts' Petroleum; Texaco Downstream Properties Inc.; The Boeing Company; The Valspar Corporation; Union Oil Company of California; and Univar USA Inc. The complaint names the above-listed companies as defendants based on their business relationship with the Cooper Drum Company which operated a drum reconditioning business at the Site and which accepted drums from each defendant that contained residues of hazardous substances. The Complaint also seeks declaratory relief for all future costs to be incurred. The Consent Decree resolves these claims through the payment of $5,539,266 to the United States and $53,599 to the State of California in partial recovery of response costs. In addition, the defendants are obligated under the Consent Decree to reimburse the United States and the State of California for all future response costs and to perform the remedial action that EPA selected for the Site. In return, the United States and the State of California agree not to sue the defendants under sections 106 and 107 of CERCLA.

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Recent Private Companies Transactions

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