Press Release

John Hofmeister, president Shell Oil Company, Testifies at Joint Senate Committee Hearing

09/11/2005

Hofmeister welcomed the opportunity to participate and shared information about Shell's commitment to helping achieve a secure, reliable and affordable energy supply for the United States.

John Hofmeister, President of Shell Oil Company and U.S. Country Chair, testified at a joint hearing of the Senate Energy Committee and the Senate Commerce Committee on Wednesday, November 9.

The purpose of the hearing was to examine energy pricing and profits, focusing on record prices of oil, gasoline, and natural gas and factors affecting those prices, issues relating to global demand, resource development strategies and windfall profits taxes, and the effectiveness of federal and state consumer protection laws to prevent occurrences of price gouging during supply disruptions.

Hofmeister welcomed the opportunity to participate and shared information about Shell's commitment to helping achieve a secure, reliable and affordable energy supply for the United States. He participated as part of a five-person panel that included: Lee Raymond, Chairman and CEO, ExxonMobil Corporation; David O'Reilly, Chairman and CEO, Chevron Corporation; James Mulva, Chairman and CEO, ConocoPhillips; and Ross Pillari, President and CEO, BP America Inc.