THE WALL STREET JOURNAL: The 50 Women to Watch: More than a year after being named to the inner circle at Royal Dutch Shell PLC, Linda Cook has helped seal a handful of megadeals that the British-Dutch oil giant hopes will catapult it past last year's devastating energy-accounting scandal.": Posted Tuesday 1 November 2005
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October 31, 2005 Running the Show | In Line to Lead | The Inheritors | The Policy Makers | The Owners | The Advocates | On the Sidelines
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In Line to Lead 11. Linda Cook More than a year after being named to the inner circle at Royal Dutch Shell PLC, Linda Cook has helped seal a handful of megadeals that the British-Dutch oil giant hopes will catapult it past last year's devastating energy-accounting scandal. In February, Ms. Cook -- who runs Shell's natural-gas and power operations, one of the company's three core businesses -- announced a deal with gas-rich Qatar to invest some $7 billion to drill for natural gas and send it to energy-hungry Europe and the U.S. In the months that followed, Shell moved ahead on a number of other gas projects -- from liquefied natural-gas plants in Nigeria and Australia to big sales agreements for its gas output from a giant plant in Russia. While gas and power projects currently make up just a slice of Shell's earnings -- which are running at stratospheric levels because of high oil prices and refining margins -- Ms. Cook's unit accounts for a giant chunk of new business that Shell expects will bear fruit in years to come. Shell is the world's third-largest publicly traded oil company by market capitalization, behind Exxon Mobil Corp. and BP PLC. More than any of its peers, Shell is betting big on natural gas to meet future growth in demand for energy. Gas has long played second fiddle to oil in the world's petroleum industry, partly because it's so difficult to transport to markets. Supercooling the gas into liquid form and then shipping it by tanker has been an option for decades. But until recently, the relatively low price of gas in many markets didn't justify the expense. Shell was the subject of a punishing investigation in 2004 by U.S. and British regulators over the company's overstated energy-reserves tally, a crucial investor metric. Part of the fallout was a major restructuring, completed earlier this year, which elevated Ms. Cook, 47 years old, to Shell's top management. Ms. Cook graduated from the University of Kansas with a petroleum-engineering degree and joined Shell Oil Co. in Houston in 1980. She worked for Shell in Texas and California in a number of technical and managerial roles. In 2000, she was named to lead the gas and power division for the first time around, based in London. While that job included the same operational responsibilities as her current role, she hadn't yet made it to Shell's executive committee, its top decision-making body. In 2003, she moved to Canada, where she served as president and CEO of Shell Canada, one of the country's largest integrated oil companies. Ms. Cook moved her family to The Hague in the Netherlands late last year as part of the restructuring. But she spends a good deal of her time jetting to and from Shell's far-flung operations. Asked by colleagues what keeps her up at night, Ms. Cook says she responds, "My three teenagers, and turbulence." --Chip Cummins |
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