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 chemical manufacturing business, behind ExxonMobil. …
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