Jun 20, 2006
HOUSTON (MarketWatch) — A House subcommittee has subpoenaed Royal Dutch Shell Plc. (RDSA) after the company balked at participating in a hearing this week on the government’s troubled royalty program for the Gulf of Mexico.
The hearing, scheduled for Wednesday morning, features executives from Chevron Corp. (CVX), ConocoPhillips (COP) Exxon Mobil Corp. (XOM) and Kerr-McGee Corp. (KMG). But Shell’s appearance was an open question after the company indicated it was unwilling to appear, a House committee aide said Tuesday. The subpoena went to John Hofmeister, the head of Shell’s U.S. division, the aide said. “We assume they’re going to show up tomorrow,” said the aide. “They’ve been issued a subpoena to show up.”