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UPDATE 4-Shell weighs 'jab or job' policy for employees -document

Thu, 09th Sep 2021 14:50

* Shell considers mandate for offshore operations

* Some U.S. operations already have 'soft enforcement'

* Trading floors exploring vaccination mandate

* Chevron, Valero require shots for some workers
(Adds further company responses, updates bullet points)

By Ron Bousso and Sabrina Valle

LONDON/HOUSTON, Sept 9 (Reuters) - Royal Dutch Shell
is considering making it mandatory for workers in some
operations to get COVID-19 vaccinations or risk being fired, an
internal company document seen by Reuters shows.

Shell, which employs some 86,000 workers in more than 70
countries, will weigh the pros and cons of the policy at an
executive committee meeting on Friday, said two sources who
declined to be identified. Shell declined to comment.

Companies around the world are grappling with their response
to COVID-19 vaccinations as some countries struggle to inoculate
their population and as some people refuse to be vaccinated.
Numerous energy companies witnessed heavy outbreaks beginning in
2020, particularly on offshore facilities, where workers are
susceptible to infection because they work in close quarters for
weeks at a time.

Chevron Corp, the second-largest U.S. oil producer,
and refiner Valero Energy Corp are requiring
vaccinations https://www.reuters.com/business/energy/chevron-begins-covid-19-vaccination-mandates-wsj-2021-08-23
for certain field workers or new workers, while leading Permian
producer Pioneer Natural Resources is requiring newly
hired employees to be fully vaccinated before their first day of
work.

The largest U.S. producer, Exxon Mobil, does not have a
vaccine mandate, it said on Thursday.

Shell's internal memo, dated Sept. 1, recommends that the
company should overall "stay the course with our current policy
of strong advocacy for vaccination, but no compulsion," adding
however that it should consider introducing a vaccine mandate
for specific operations.

That would include employees on offshore rigs where
self-isolation and evacuation are complex and highly disruptive,
the document said.

Those who refuse could face dismissal.

"For staff who refuse to comply with a vaccine mandate we
would make all reasonable efforts to avoid terminating their
employment but will be faced with no alternative but to do so,"
the document said.

Shell's trading division has already requested a vaccine
mandate "because social distancing is impossible to achieve on a
trading floor."

The company is also already actively exploring the
introduction of the policy for offshore workers in the Gulf of
Mexico, the document said.

Shell has already adopted a "soft enforcement" vaccination
policy in the Gulf of Mexico and in the onshore Permian shale
basin operations under which employees and contractors must
produce a negative COVID-19 test or proof of vaccination to
access Shell sites, the document said.

Shell rival BP Plc said in a statement that for now
it doesn't have any specific vaccination mandates in place,
other than where required under any national or local rules.

The internal Shell document was first reported by the
Financial Times on Wednesday.

Exxon Mobil Corp, which has no mandates in place,
said on Thursday it strongly encourages COVID-19 shots and
expects non-vaccinated staff members to wear masks indoors when
six feet of social distancing is not possible.

The company is deferring to those vaccinated to use their
best judgment and consider wearing masks when in crowded areas
for extended periods of time.

"We will continue to monitor guidance from health
organizations and the effectiveness of our mitigation efforts,
and make adjustments if and when they are needed," Exxon's
spokesperson Casey Norton said.

Suncor Energy, Canada's second-largest oil company,
said on Thursday it is expanding mandatory COVID-19 testing at
locations across North America for people who have not received
two doses of vaccine, but is not mandating vaccinations.

Canadian Natural Resources Ltd, the country's
biggest producer, introduced daily COVID-19 tests for
unvaccinated workers at its oil sands sites in late August.

Some smaller Gulf of Mexico producers, including
QuarterNorth Energy Holding Inc, have not yet introduced vaccine
mandates.

(Reporting by Ron Bousso and Sabrina Valle; additional
reporting by Jessica Resnick-Ault and Nia Williams; editing by
Elaine Hardcastle, Bernadette Baum and Jonathan Oatis)

More News
11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
AJ Bell PLCdividend payment date
B&M European Value Retail SAspecial dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Braemar PLCdividend payment date
i3 Energy PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCdividend payment date
Netcall PLCdividend payment date
Origin Enterprises PLCdividend payment date
Sage Group PLCdividend payment date
Schroder AsiaPacific Fund PLCdividend payment date
Tracsis PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
Monday 12 February 
no events scheduled 
Tuesday 13 February 
Cohort PLCdividend payment date
Future PLCdividend payment date
Mondi PLCspecial dividend payment date
Wednesday 14 February 
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Ecora Resources PLCdividend payment date
Grainger PLCdividend payment date
Oxford Metrics PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Unicorn AIM VCT PLCdividend payment date
Unicorn AIM VCT PLCspecial dividend payment date
Thursday 15 February 
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
BioPharma Credit PLCex-dividend payment date
BP Marsh & Partners PLCex-dividend payment date
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Invesco Select Trust PLC Global Equity Incomedividend payment date
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JPMorgan European Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
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NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Ramsdens Holdings PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Shell PLCex-dividend payment date
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Troy Income & Growth Trust PLCex-dividend payment date
UK Commercial Property REIT Ltdex-dividend payment date
  
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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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