March 03, 2015 2:42 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Shell Oil Company

Company Overview

Shell Oil Company, through its subsidiaries, provides exploration, production, refining, transportation, distribution, marketing, and trading of oil and gas, and petrochemical products in the United States and internationally. It offers fuels for aircraft; engine oils and lubricants; transport, heating, and industrial fuels to corporate and distributing companies in various industries, including transport, mining, manufacturing, power generation, and home energy; and petrochemicals for use in plastics, rubbers, fibers, foams, coatings, adhesives, solvents, additives, textiles, mattresses, car components, paints, computer casings, soaps, and washing detergents, as well as card services. The c...

1000 Main Street

Level 12

Houston, TX 77002

United States

Founded in 1922

Phone:

713-241-6161

Fax:

713-241-4044

Key Executives for Shell Oil Company

President and Director of The Upstream Americas Business - Royal Dutch Shell Plc
Age: 56
Chief Financial Officer, Vice President of Finance and Director
Age: 62
President of Shell Energy North America (US) LP
Senior Vice President, Corporate Secretary and General Counsel
Executive Vice President of Chemicals
Age: 67
Compensation as of Fiscal Year 2014.

Shell Oil Company Key Developments

Shell Oil Co Announces No Agreement in US Refinery Strike Talks

Shell Oil Co announced face-to-face negotiations with the United Steelworkers union (USW) failed to yield an agreement to end the 20-day-old U.S. refinery strike. Workers at several refineries and chemical plants were waiting for instructions to join the more than 5,000 workers at 11 plants, including nine refineries accounting for 13% of U.S. production capacity, walking picket lines in the large national refinery strike since 1980. The Steelworkers said in a message to members and news media, including Reuters, that talks were continuing.

Union Workers at Shell Site Go on Strike

Workers of at least one local refinery went on strike early February 1, 2015 after the Steelworkers union failed to reach a contract deal with industry negotiators. Shell has learned that the USW has given notice to its members at the Shell Deer Park site to begin a strike at 12:01 on Feb. 1, 2015. Union members represented by the United Steelworkers union Local 13-1 in Texas City were told to prepare for a possible strike as early as February 1, 2015 morning. While union leaders and industry officials were slated to continue negotiating toward a national deal into the night, there was not yet an agreement on the table. That local represents about 1,110 workers at Marathon Galveston Bay Refinery, about 150 workers at BP Texas City Chemicals and about 800 workers at Shell Deer Park Refining. Just after 10 p.m., talks were ongoing and the message to the Texas City local no longer included a time to report to the union hall.

Shell to Pay $4 Million over Allegations of False Reimbursement Claims for Environmental Cleanup Projects

Shell Oil Company will pay $4 million to resolve allegations that it received reimbursement payments from a state fund for environmental cleanup projects even though the company sought and received payments from its insurers for the same gas station sites. The alleged false claims by Shell and its joint venture, Motiva Enterprises, LLC, involved more than a hundred gasoline stations that both companies operated throughout Massachusetts. The state's Underground Storage Tank Petroleum Product Cleanup Fund program (UST Fund) was established to expedite the cleanup of environmentally dangerous leaks from underground storage tanks, such as those commonly found at gasoline stations, by reimbursing owners and operators for eligible expenses incurred in remediating the sites. To fund the program, the Commonwealth charges tank registration and delivery fees. Under the UST Fund's regulations, claimants must disclose if they sought reimbursement from another source including insurance for expenses they submit to the UST Fund. If claimants do recover money from both insurance and the UST Fund for the same expenses, they must pay back the UST Fund.

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