News and information on Shell Plc
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Oil major switches sides: Shell’s UK move is a big plus for the City post-Brexit, says ALEX BRUMMER
Shell’s decision to sacrifice its ‘Royal Dutch’ designation and unify its domicile in London is epoch-making.
It is a big plus for the City post-Brexit, even if there are green campaigners who will find the increased presence of an oil major in the UK a cause for disquiet.
Minister hails ‘vote of confidence’ for Brexit Britain as Shell moves its HQ to London from the Netherlands and plans to scrap ‘Royal Dutch’ from its name
Oil giant Shell today announced it will move its headquarters and tax residence to the UK and drop ‘Royal Dutch’ from its name for the first time in 130 years.
The decision was hailed as a ‘clear vote of confidence in the British economy that will ‘create jobs’ by business secretary Kwasi Kwarteng. The firm pays hundreds of millions of pounds worth of taxes every year, which will now go to the Treasury.
‘Activist’ Billionaire hedge fund manager Daniel Loeb buys $500m stake in Royal Dutch Shell and demand it splits in two to focus on renewable energyA billionaire hedge fund manager has acquired a large stake in Royal Dutch Shell PLC and is demanding that the oil major to separate into two separate companies.
Daniel Loeb’s Third Point LLC is pushing for the separation to attract new investors and hold on to current ones as many have sold their shares over concerns that Shell is not environmentally friendly.
According to The Wall Street Journal the activist hedge fund’s stake in Shell is worth more than $500million and is one of Shell’s largest investors.
DAILY MAIL: MailOnline
Big Oil’s climate change revolt: In just one day green activists win seats on Exxon board, Chevron investors demand emission cuts and court orders Shell to slash carbon
Some of the world’s biggest oil companies are facing stark pressure from activists concerned about climate change, prompting a string of startling developments on Wednesday.
At Exxon Mobil, an activist hedge fund won two board seats, while Chevron investors voted to force the company to cut emissions and a Dutch judge order Shell to drastically cut carbon.
Funds heavyweight LGIM joins shareholder revolt against Shell’s plans to curb carbon emissions because they ‘don’t go far enough’
Legal & General’s asset management arm has emerged as one of the investors to have voted against Royal Dutch Shell’s climate plans last week.
While acknowledging that some progress was being made, LGIM said today that the oil major’s targets to reduce carbon emissions and oil and gas production lack credibility and fall short of tackling climate breakdown.
Oil giant Royal Dutch Shell says it will take a £145m first-quarter hit from Texas freeze that left nearly 200 dead
Royal Dutch Shell has warned that the severe winter storm in Texas earlier this year looks set to hit its bottom line for the fist quarter.
In February, a snowstorm swept across Texas and swathes of North America, knocking out sections of the former’s electricity grid, leaving millions without power and nearly 200 people dead.
Big oil goes green: Shell buys electric car charging company as BP cuts back on its exploration arm
Two of Britain’s largest oil producers have taken major steps in their battle to go green.
BP has dismantled its century old exploration team, cutting the division to less than 100 employees from over 700 just a few years ago.
And rival Shell bought Ubitricity, the largest electric vehicle charging network in the UK.
City investors deserting oil giants
EXTRACTS:
BP and Shell are undergoing the biggest restructurings in their histories, shedding a total of 19,000 jobs globally. Both have committed to cutting the carbon footprint of the oil and gas they produce to net zero by 2050.
BP chief executive Bernard Looney said in August that his company is shifting to a low-carbon business because ‘the energy mix is changing’, with greater demand from customers for cleaner fuels. The pandemic has made the shift more urgent as global oil prices and demand have collapsed further.
Should you ditch energy giants as the age of oil ends? Or try to clean up as they go green?
There has been talk of the demise of oil and gas for decades. But you know that things are getting serious when even the boss of oil giant BP, Bernard Looney, warns that demand for oil may peak in the next few years and then decline.
The so-called energy transition from fossil fuels to renewables is gaining momentum.
Royal Dutch Shell has announced it is planning to save at least $8billion in the coming year following the huge fall in oil prices.
The world’s ninth-largest company by revenue says capital expenditures are to be scaled back by $5billion. At the same time, underlying operating costs will be cut by at least $3billion to help cope with the impact of the coronavirus.
It still plans to go ahead with their $10billion divestment programme but have cancelled the next tranche of their share buyback programme.
By DAILY MAIL CITY & FINANCE REPORTER|
Shell’s boss’s pay was cut in half in 2019.
The FTSE 100 energy business said Ben van Beurden was paid £8.7million last year – a 51 per cent drop on 2018.
It came after a year when seven people died while working for the company and its turnover dropped.
Van Beurden has been chief executive since 2014.
His base salary was around £1.4million and he received more than £6million from a long-term performance share plan.
Radio 1 DJ Greg James was paid £100,000 by oil giant Shell to front an online campaign which plugged the company’s ‘green’ credentials.
The Breakfast Show presenter, who is paid £229,999 a year by the BBC, is the latest star to be accused of cashing in on their public profiles by moonlighting for corporate firms.
The 34-year-old, who broadcasts to around 5.6 million listeners each Monday to Thursday, fronted a five-part series for Shell called The Great Travel Hack.
The Top Gear-style programme followed two teams of competitors racing from London to Istanbul while using environmentally friendly vehicles.
By HARRY WISE FOR THISISMONEY.CO.UK and PA
Oil giant Shell has experienced a large fall in third-quarter profits due to weaker oil prices.
Earnings after stripping out fluctuating expenses fell 15 per cent to £3.7billion, well below estimates it might reach almost £5billion.
Shell was able to charge an average of £43.25 per barrel of oil it produced in the quarter, down from £52.69 in the same three months last year. It was even more than a dollar lower than the second quarter price.
By HENRY MARTIN and PHOEBE ECKERSLEY FOR MAILONLINE
Doctors and nurses joined Extinction Rebellion protesters today as ‘stretched’ police call in backup from Scotland – and warn that protests are impeding their ability to attend to other crime.
More than 100 healthcare professionals have joined the sixth day of climate change protests in London. Doctors, nurses and medical students were among those demonstrating at Jubilee Gardens, near oil giant Shell’s London HQ, on Saturday in the ‘Health March for the Planet’.
By HARRIET DENNYS FOR THE MAIL ON SUNDAY
Energy giant Royal Dutch Shell is reversing its attempt to break into the taxi market despite investing millions in an app aimed at boosting drivers’ fares while trying to tackle climate change.
The company launched its FarePilot app last year and has jointly invested $8.8million (£7.1million) with the venture arm of Boston Consulting Group.
The app was designed to help private hire and taxi drivers make more money while cutting emissions by guiding them away from congested areas and towards customer hotspots.
By CITY & FINANCE REPORTER FOR THE DAILY MAIL
Royal Dutch Shell is in talks with the Australian government after it was hit with a £415m tax bill.
The Australian Taxation Office claims the Anglo-Dutch oil major avoided paying tax on its 27 per cent stake in the £16.5 billion Browse gas project in seas off the coast of Western Australia.
Court documents show Shell’s primary company in the country, Shell Energy Holdings Australia, has been in a dispute with the tax body for six years over the issue, the Guardian reported.
: Compliments to Bogus Group
How the wheel turns
A forward looking COO of Woodside had the revolutionary idea of involving Regulators in his Audit process and requested I also discuss my findings etc with them. Now the old Regulatory organisation has been redesigned with more resources, a wider brief, and much more support it appears from state and national government.
If as covered on their blog the operator is considered Not Yet Competent to understand his own operational risks by a rejuvenated, well resourced, self confident, and authoritative Regulator, and that finding seems to be accepted by Shell Australia, then we begin to understand better how the events of 2nd December developed
: When the regulator determines that an operator does not have sufficient understanding of the risks of the Prelude facility power systems, including failure of mechanisms, interdependencies, and recovery, alarm bells should be ringing.
Read: Prelude FLNG Remains Shut In Until Shell Makes It Safe For Work
: Following yet another Prelude safety issue, I wonder if ‘mortification’ is in Rob Jager’s’ vocabulary, after his legacy idiotic statements (August’19 blog). Or does he just develop amnesia as he moves through the executive revolving door to his next role, where he can continue to utter Hans Christian Andersen like proclamations.
: https://www.offshore-energy.biz/shell-is-to-keep-prelude-flng-closed-until-safe/ All I want for Christmas is.....some revenue! More Prelude woes amid even more safety concerns.
: As a very concerned South African citizen I wish to point out that Shell is supposed to respect people and have ethics. You are going against the wishes of many South African citizens with this proposed exploration. Citizens have stood together and have brought two court cases against Shell, the first one was not successful and we are awaiting the decision on the second case. We appeal to Shell HO to take notice of our concerns and cease with this exploration.
: I think this site is loosing its purpose. The next batch of Shell reorg has removed most of the people who would be willing to post comments. Shell is just lost - thinking its green when its about 0.5% green...
: I really like my local Shell Gas Station, they have always been very helpful, so I am sad that we can no longer go there. Our family will be BOYCOTTING SHELL in the USA to STOP Seismic Testing on the South African Coast to protect Marine Life.
: Selection of Comments posted on the Telegraph article Future of North Sea oil in doubt as Shell pulls the plug on Cambo
John Atkins
David Tallboys
Fortunately the Japanese have seen sense and are encouraging new oil and gas projects:
Government officials have been quietly urging trading houses, refiners and utilities to slow down their move away from fossil fuels, and even encouraging new investments in oil-and-gas projects.
Robin Beckett
colin whyte
R Morley
Stuart Robertson
Len RMaC
graeme scott
John Condon
Clitherow Kid
Ogden Nash
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Kathryn Jones
Let me correct that headline for you."victory for Nicola Sturgeon, Saudi Arabia and Russia as Shell walks away..." Fixed it for you.
J Thomas
Kelland Hutchence
Ian Mclaren
Dale Carmichael
James Hammett
Scot Way
Echo Fish
Steve Graham
Andrew Pierce
Jiminy CricketSmall selection of comments from this Telegraph article
: Comments from BBC News Article 15 Nov 2021: Shell plans to move headquarters to the UK
rl: 10:52 15 Nov
If this had been the other way around, this article would have featured prominently in the main news page, rather than under the “Business” section. This is why people question the BBC’s impartiality..
No2EU: 10:54 15 Nov
to rl"
If this had been the other way around, this article would have featured prominently in the main news page, rather than under the “Business” section.This is why people question the BBC’s impartiality..(P.S. I voted remain)
"
No2EU replied: And Brexit would be blamed.
Can't imagine what prompted this move:
"Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels.” This only applies to the Netherlands
greenbird10 11:01 15 Nov
to Smile dont shout
"
Can't imagine what prompted this move:"Earlier this year, a court in the Netherlands ruled that by 2030 Shell must cut its CO2 emissions by 45% compared to 2019 levels."This only applies to the Netherlands
"
greenbird10 replied:
Think that's all the article needed to say to explain the move.
Arcangel: 10:56 15 Nov
to U17881151
"
The truth is corporations are concerned about EU bureaucratic interference. We saw with AstraZenica that the EU will block trade if they believe it gives them an advantage. Google and other tech companies are increasingly being fined billions to fund EU wages and pensions. The EU is a bit anti business. It would be better to just focus on trade and creating friendly partnerships.
"
Arcangel replied:
Agreed, but tbh I would rather we were stricter on companies like Shell given they are responsible for a large amount of the worlds pollution
: Shell turns its back on Royal Dutch heritage after climate ruling and dividend tax Shell's jumping ship to the UK bids farewell to over 130 years of association with the Dutch monarchy https://www.telegraph.co.uk/business/2021/11/15/turns-back-royal-dutch-heritage-climate-ruling-dividend-tax/
: Joe Lycett should talk to his friend Jimmy Carr about Shell. Jimmy worked in Shell marketing dept during the 1990s at Shell Mex House in the Strand.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. It is an entirely free to use website drawing attention to the negative side of Shell while also publishing positive news about the company. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Our shellenergy.website republishes Shell Energy customer complaints posted on Trustpilot where there is an ample supply. Use this link for Shell’s own website.
See our link list of over 500 articles by the FT, Wall Street Journal, Reuters, Bloomberg, Forbes, Dow Jones Newswires, New York Times, CNBC etc, plus UK House of Commons Select Committee Hansard records, information on U.S. Securities & Exchange Commission website etc. all containing references to our Shell focussed websites, or our website founders Alfred and John Donovan. Includes TV documentary features in English and German, newspaper and magazine articles, radio interviews, newsletters etc. Plus academic papers, Stratfor intelligence reports and UK, U.S. and Australian state/parliamentary publications, also citing our Shell websites. Click on this link to see the entire list, all in date order with a link to an index of over 100 books also containing references to our non-profit websites and/or our activities.
John Donovan, the website owner
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