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BUSINESS
June 6, 1995 | MICHAEL PARRISH, TIMES STAFF WRITER
Ten African American marketing employees of Shell Oil Co.--including five working in Los Angeles--have sued the oil industry giant for racial discrimination, contending that the company's voluntary affirmative action program has failed to promote blacks to higher management. The three female members of the Los Angeles contingent are also suing the company for gender discrimination in the action, filed last month in U.S.
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NATIONAL
July 21, 2007 | From Times Wire Reports
Shell Oil was ordered to halt its exploratory drilling program off the north coast until an Aug. 14 hearing in San Francisco on environmental concerns raised by conservation groups. "Vessels currently located in the Beaufort and Chukchi seas shall cease all operations performed in furtherance of that program, but need not depart the area," the U.S. 9th Circuit Court of Appeals said. Shell spokesman Curtis Smith said that company officials were obviously disappointed.
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BUSINESS
July 2, 1991 | From Times Staff and Wire Reports
Shell Oil to Trim Thousands of Jobs: Shell Oil Co. said it plans to cut its work force of about 31,000 employees by 10% to 15% over the next 12 to 16 months. Houston-based Shell, a unit of Royal Dutch/Shell Group, said it will first offer voluntary retirement to selected workers and then will lay off others to meet their goals. The company has been reviewing all its operations in an attempt to bolster flagging profits.
BUSINESS
March 29, 2007 | From the Associated Press
Federal antitrust regulators have cleared the sale of Shell Oil Co.'s Wilmington refinery and 250 retail sites in Southern California to independent oil company Tesoro Corp. According to a notice issued by the Federal Trade Commission, the government has completed its investigation of the sale and ended a waiting period on the transaction. San Antonio-based Tesoro and Houston-based Shell, a division of Royal Dutch Shell, announced the sale Jan. 29.
BUSINESS
July 4, 1995 | Times Staff and Wire Reports
Shell Retreats From Iran Oil Field Deal: U.S. trade sanctions against Iran have prompted the Shell Oil Co. to pull back from a possible deal with Tehran to develop two Iranian oil fields, the Middle East Economic Survey newsletter said. President Clinton's trade sanctions against Iran have made the supply of equipment that Shell would need to bring the two Sirri fields in the Persian Gulf more expensive and problematic, it said. "It was the indirect effects of the U.S.
NEWS
December 13, 1988
A San Mateo County Superior Court jury has begun deliberations in Shell Oil Co.'s suit to force its insurance companies to pay claims for toxic waste damage at a Colorado Army installation. The 12-member jury must decide whether Shell or more than 200 insurers are liable for the oil giant's share of cleanup costs estimated to run into billions of dollars at Rocky Mountain Arsenal near Denver.
BUSINESS
July 27, 1991 | From Associated Press
Chevron Corp. on Friday reported a 41% drop in second-quarter profit, and Shell Oil Co. posted a $68-million loss, the latest evidence of the recession's drag on U.S. oil companies. Shell's loss was tied to charges associated with work force reduction, but the results were still drastically lower than last year's performance. Both companies blamed recession-dampened demand for gasoline and petroleum byproducts and depressed natural gas prices for the poor showings.
BUSINESS
October 6, 1993 | From Reuters
Shell Oil Co. said Tuesday that it plans to spend $1.2 billion to develop what it calls the largest oil discovery in the Gulf of Mexico in the last 20 years. The discovery, called Mars, should produce more than 700 million barrels of crude oil and natural gas over at least 30 years, Shell officials said.
CALIFORNIA | LOCAL
September 17, 1994 | FRANK MANNING
The Agoura Hills Planning Commission has agreed to let Shell Oil Co. build a carwash and mini-mart at its station on Kanan Road in exchange for voluntarily removing its 70-foot pole sign. Many local businesses refuse to abide by the controversial 9-year-old city ordinance banning pole signs and have sued the city. But Shell representatives say they want to settle the issue amicably.
BUSINESS
June 22, 1991 | PATRICK LEE, TIMES STAFF WRITER
Shell Oil Co. said Friday that it is trying to sell its 690-employee Wilmington refinery and will shut down all of the facility except for a marine terminal if it cannot find a buyer. Shell spokesman Gene Munger confirmed that several "potential buyers" are in the wings for the 68-year-old refinery, but he declined to say who they were. "Hopefully, we can expect a letter of commitment in the next several weeks," Munger said.
WORLD
October 26, 2006 | From Times Wire Reports
Villagers seized three Shell Oil platforms in the volatile Niger Delta, forcing production to be halted at each, the company said. Royal Dutch Shell officials declined to say how much oil had been cut off after the platforms were attacked. Chevron Corp. said it shut down a platform in the area as a precaution.
BUSINESS
March 1, 2006 | Elizabeth Douglass, Times Staff Writer
A Texaco Inc. and Shell Oil Co. joint venture didn't break antitrust law when it set pump prices in the Western United States, the Supreme Court said Tuesday, ending a years-long battle over allegations that the companies inflated prices and forced dealers out of business. The 8-0 ruling was applauded by the oil companies and by major corporations outside the industry that saw the case as a threat to joint ventures of all kinds.
BUSINESS
January 11, 2006 | From Times Wire Services
The Supreme Court debated Tuesday whether two oil companies could be sued for setting up now-defunct joint ventures that allegedly inflated gasoline prices in the late 1990s. The justices, led by Chief Justice John Roberts, seemed skeptical of arguments by a lawyer for 23,000 gasoline distributors that Texaco Inc., now part of Chevron Corp., and Shell Oil Co. violated antitrust laws and fixed prices. Roberts described the gas distributors' arguments as "a very artificial hook."
BUSINESS
January 11, 2005 | Elizabeth Douglass, Times Staff Writer
Shell Oil Co. said Monday that it would sell its Bakersfield refinery to one of the largest truck-stop chains in the U.S., giving a surprise reprieve to California motorists. The deal with Ogden, Utah-based Flying J Inc. came weeks before the facility's planned March 31 closure. It could spare supply-strapped California the loss of 2% of its gasoline supply and 6% of its diesel. Terms of the sale to closely held Flying J's refining subsidiary, Big West Oil, weren't disclosed.
BUSINESS
December 10, 2004 | Elizabeth Douglass, Times Staff Writer
New York investment firm Kelso & Co. has emerged as the leading bidder for Shell Oil Co.'s Bakersfield refinery, people familiar with the situation said Thursday. Kelso and others have been talking to Shell about buying the facility for several months, and Shell in the last week signed an agreement pledging to negotiate exclusively with the privately owned equity firm, the sources said.
BUSINESS
August 7, 2004 | From Times Wire Services
The Bush administration Friday awarded contracts to ChevronTexaco Corp. and Royal Dutch/Shell Group's Shell Oil to replenish the U.S. emergency petroleum reserve, despite record high crude prices and strong oil demand. Oil prices hit record highs Friday, climbing close to $45 before settling back down, after a renewed threat to Russian oil major Yukos added to the strain on world supplies. The price of crude for September delivery ended in New York at $43.
BUSINESS
July 24, 2004 | Elizabeth Douglass, Times Staff Writer
Shell Oil Co.'s Bakersfield refinery is financially sound and an attractive asset for potential buyers, and the company's decision to close it "flies in the face of common sense," a consultant hired by the state said Friday. Industry expert Malcolm Turner, retained by Atty. Gen. Bill Lockyer to provide an objective opinion on the refinery's outlook, said his consulting firm disagreed with Shell's reasons for planning to shut down the facility Oct. 1.
BUSINESS
June 29, 2004 | Elizabeth Douglass, Times Staff Writer
California cotton farmers could face a diesel shortage during harvest this year if Shell Oil Co. closes its Bakersfield refinery as planned Oct. 1, an industry group warned lawmakers Monday. The prediction by the California Independent Oil Marketers Assn. came during a hearing with state lawmakers, where Shell offered up the more hopeful news that it was "in discussions" with four possible buyers for the refinery.
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