Shell Oil Company and Katrina

The true immediate costs for Shell Oil Company are untabulated. The company lost 60% of its production in the Gulf in the following weeks after hurricane Katrina. The Shell Company suffered intangible losses of employee moral and high turnover. Its tangible losses are not limited to losses in refining capacity, downed transporting pipelines, and downstream revenue from retail stores sales. However despite these immediate losses Shell occurred, it remains the Worlds second most profitable oil and …

…The majority of Shells losses on the Coast will most likely be with its human capitol and the devastation it caused to its employees. Shell has taken a proactive role in attempting to retain its coastal workforce by helping to find temporary housing and continue payroll for a limited time period. These financial commitments are coupled with a pledge of 3 million dollars to the Red Cross and another million to be matched by Shell employees.