Shell Moving Forward With EMV® Technology

HOUSTON, Feb. 22, 2017 /PRNewswire/ -- Shell announced today that they are finalizing Indoor EMV deployment with over 11,000 of their sites fully Indoor EMV operational. EMV (Europay, MasterCard and Visa) is the global standard for cards payments using payment cards with an embedded computer chip and special authentication technology designed to reduce fraud. Almost 80 percent of the Shell-branded retail network is now fully Indoor EMV compliant with the remainder expected by spring 2017.

"The Vantage platform has afforded sites faster and easier deployment of Indoor EMV software while significantly minimizing site downtime and eliminating the need for a technician's visit," said Craig Schneider, Vice President and General Manager Marketing, Shell Americas Fuel Sales and Marketing. "We are confident that we will experience the same success with our Outdoor EMV program."

As full deployment of Indoor EMV approaches, Shell is shifting focus to delivering Outdoor EMV on their network. Shell is fully committed to ensuring all Shell-branded sites are EMV hardware and software ready in advance of the October 2020 liability shift date. Development of the Outdoor EMV software solution is currently in progress with a pilot planned for late 2017. 

Shell continues to encourage sites to become EMV hardware ready with new dispensers or upgraded retrofit kits.  EMV hardware equipment is available for Shell Wholesalers (and dealers) through Wayne Fueling Systems and Gilbarco Veeder-Root. Shell and Wayne are offering a Direct Purchase Program for both new dispensers and retrofit kits, and Gilbarco is providing dispenser and retrofit kits through their distributors. 

"We're excited to bring our Wholesalers and Retailers a high value dispenser program that will help lower their EMV investment costs," said Juan Kemp, General Manager Operations, Shell Americas Fuel Sales and Marketing.  "Our top priority is to continue delivering programs and technology that protect the Shell brand and lead to better customer experiences."

Additional details of the Outdoor EMV program will be announced in Q2 2017.

About Shell
Shell Oil Company is an affiliate of the Royal Dutch Shell plc, a global group of energy and petrochemical companies with operations in more than 70 countries. In the U.S., Shell operates in 50 states and employs more than 20,000 people working to help tackle the challenges of the new energy future. The Shell downstream organization manages a portfolio of top-quality brands, including the No. 1 selling premium gasoline, Shell V-Power NiTRO+ Premium Gasoline, No. 1 selling gasoline, Shell Nitrogen Enriched Gasolines, and Pennzoil®, the most trusted motor oil brand in America.

Cautionary Note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to "joint ventures" and "joint operations" respectively.  Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2015 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this release, 22 February 2017. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this release.

We may have used certain terms, such as resources, in this release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

SOURCE Shell Oil Company

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