A unit of Royal Dutch Shell PLC (RDSB.LN) is in talks with shareholders and the Czech government over the potential sale of its 16% stake in the largest refinery in the Czech Republic, a local news website reported Tuesday citing the Czech industry...
The U.S. oil industry is for the first time making a direct political pitch to its employees and others, borrowing from traditional union tactics in a bid to secure a friendlier environment in Washington.
Backed by Exxon Mobil Corp., XOM -0.01% Chevron Corp., CVX +0.05% ConocoPhillips, COP +0.38% the U.S. units of Royal Dutch Shell RDSB.LN +0.28% PLC and BP BP.LN -0.07% PLC and other big oil companies, the campaign, which is costing "tens of millions of dollars," is a rare effort by a major U.S. industry in an election year. Companies tend to shy away from such direct involvement in elections because they worry about a backlash from lawmakers and employees
The industry's campaign is focused on the roughly nine million Americans whose jobs are tied to the oil and natural-gas industry, from drillers to truck drivers to low-skilled workers who help build pipelines. The goal is to persuade a majority of Americans to support expanded oil drilling, hydraulic fracturing and pipeline construction, including the Keystone XL Pipeline.
"We realized that we are sitting on a vast resource of employees who can register their views," said Jack Gerard, the president of the American Petroleum Institute, the industry's Washington trade association and organizer of the effort.
Royal Dutch Shell PLC (RDSB) is considering shutting a 150,000 barrel a day oil pipeline in Nigeria because more than a third of its crude is being stolen, according to the company, with pollution caused by a recent increase in theft threatening to...
Royal Dutch Shell plc .com Eyes Down for Royal Dutch Shell's Results Motley Fool Oil super-major Royal Dutch Shell (LSE: RDSB ) (NYSE: RDS-B ) is due to announce its annual results on Thursday, Jan. 31.
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