Shell is preparing for a shareholder showdown at its upcoming general meeting later this month, with activist group Follow This pushing the energy giant to commit to more stringent environmental targets.
It has warned shareholders that Shell’s current transition plans are not aligned with the Paris Agreement, and has filed a motion – resolution 21 – calling for the oil and gas major to publish targets that cover short, medium and long term emissions in both its operations and the use of its energy products.read more
May 9th, 2022
by John Donovan.
Comments are off for this post
Bloomberg
Loeb’s Third Point Adds to Shell Position: The London Rush
Bloomberg News: Charles Capel and Leonard Kehnscherper: May 09, 2022(Bloomberg)
EXTRACT
Third Point Investors Ltd: Dan Loeb’s flagship Offshore Fund returned -11.5% in the first quarter of 2022, dragged down by companies including Rivian Automotive, Inc and Cie Financiere Richemont SA.
The investment company said its stake in Shell Plc helped mitigate some of its losses, and it has found interesting new investments in oil and natural gas companies, as well as other companies that might benefit from inflation, supply shortages, and the energy transition read more
Activist investor Daniel Loeb has revealed he has added to his stake in energy giant Shell despite doubling down on calls for a shake-up to the energy major’s corporate structure.
Loeb, who revealed in October that his hedge fund Third Point had taken $750m stake in Shell, told his investors last week that he had upped his stake in the firm and had held discussions with the firm’s bosses.read more
May 7th, 2022
by John Donovan.
Comments are off for this post
Bloomberg
Activist Investor Dan Loeb Increases Shell Stake, Reuters Reports
Rachel Morison: ·
(Bloomberg) — Dan Loeb’s Third Point LLC has increased its $750 million stake in the energy giant Shell Plc as the investor seeks to pressure the company to split up its businesses, Reuters reported.
Loeb has held discussions with Shell’s management, board members and other shareholders, according to a letter sent to Third Point investors and seen by Reuters.
The letter described the company’s stock price as cheap but said there could be gains ahead with “proper management,” according to Reuters.read more
NEW YORK, May 7 (Reuters) – Activist investor Daniel Loeb, who wants Royal Dutch Shell Plc to break apart, applauded the energy giant’s decision to move its headquarters even as he sticks to views that a different corporate structure would make it more successful.
Loeb, who said in October that his hedge fund Third Point LLC had taken a $750 million stake in the company, told his own investors on Friday that he has added to his Shell stake and has held discussions with management, board members and other shareholders.read more
Feb 11th, 2022
by John Donovan.
Comments are off for this post
By John Donovan
Following the airing of a Channel 4 TV documentary Joe Lycett vs the Oil Giant on 24th October 2021, seismic changes have taken place at Royal Dutch Shell.
Based on the timing of the chain of events, it appears that the documentary may have contributed to the decision to bring a sudden end to the oil giant in its Anglo-Dutch form, under which it operated for over a hundred years.
Joe’s controversial impersonation of Royal Dutch Shell CEO Ben van Beurden including Ben shown literally talking shit about the green energy transition was cringe-making but made an impact.read more
Dec 2nd, 2021
by John Donovan.
Comments are off for this post
REUTERS
Dan Loeb swats away activist with heavy hand
December 2, 202112:35 PM GMT
LONDON, Dec 2 (Reuters Breakingviews) – Dan Loeb, the billionaire activist calling for change at Royal Dutch Shell (RDSa.L), has fended off his own mini-revolt.
Shareholders in Third Point Investors (TPOGu.L), a UK-listed trust that owns a stake in Loeb’s main fund, roundly rejected a move by uppity shareholder Asset Value Investors to throw a Third Point employee, Josh Targoff, off the board.
Loeb’s victory is clear. Votes against the proposal numbered 30 million, versus just 9 million for it.read more
Nov 18th, 2021
by John Donovan.
Comments are off for this post
Allegations and Litigation Relating to Spymasters in Shell’s Corporate Security Department
By John Donovan
See below a self-explanatory email I sent yesterday to named senior executives at Shell.
It mentions the current momentous events at Royal Dutch Shell, although that is not the subject of the email. In that connection, I have not spotted any reference in current news coverage to the Dutch police raid at Shell’s current HQ in The Hague.
That astonishing development may have fuelled a growing feeling that the Dutch government has turned anti-Shell by allowing Nigerian and climate change litigation against Shell to proceed in the Dutch courts and tightening up Dutch tax regulations affecting Shell.read more
Nov 16th, 2021
by John Donovan.
Comments are off for this post
FORTUNE
Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times
BY KATHERINE DUNN: November 16, 2021 4:58 PM GMT
The Dutch government is scrambling to find a way to make Royal Dutch Shell remain royal and Dutch after the oil and gas giant announced Monday that it had decided to up sticks from its home in the Hague and move its headquarters to London.
The Dutch government’s eagerness to retain the giant firm is not surprising—and exactly how Dutch Prime Minister Mark Rutte and his cabinet are trying to do so says a lot about which of Shell’s stated reasons for moving is the most important one.read more
Nov 16th, 2021
by John Donovan.
Comments are off for this post
FINANCIAL TIMES
Dutch government rushes to keep Shell in Netherlands
Mehreen Khan in Brussels and Tom Wilson in London
The Dutch government has launched an eleventh-hour attempt to keep Shell in the Netherlands by seeking to abolish a controversial dividend tax cited by the energy group as a reason to unify its share structure and move its headquarters to the UK. Officials from the Dutch government told the Financial Times that the caretaker government of Mark Rutte was seeking to find a last-minute parliamentary majority to scrap a 15 per cent withholding tax that has long been a source of complaint for Shell and fellow Anglo-Dutch multinational Unilever. The political machinations come hours after Shell announced it would end its dual-share structure…read more
Nov 15th, 2021
by John Donovan.
Comments are off for this post
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
Kwasi Kwarteng said decision – subject to a vote – would ‘create jobs’ in Britain
Board meetings and senior executives will move to London in boost for capital
Decision follows lawsuit by climate activists to force Shell to slash emissions
By RORY TINGLE, HOME AFFAIRS CORRESPONDENT FOR MAILONLINE
PUBLISHED:| UPDATED:
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.read more
Nov 15th, 2021
by John Donovan.
Comments are off for this post
The Washington Post
Shell wants to move headquarters amid cleaner energy shift
By Associated Press: Today at 6:58 a.m. ESTLONDON — Royal Dutch Shell proposed moving its headquarters from the Netherlands to the United Kingdom and streamlining its structure Monday in hopes of making it easier to move forward in a world transitioning away from a dependence on fossil fuels.
The company, which has been incorporated in the U.K. with Dutch tax residency and dual class shares since 2005, said it wanted to move to a more conventional structure to be able to make the company more competitive as it seeks to meet the challenges of shifting toward cleaner energy.
Dutch officials said they were “unpleasantly surprised” by the move.
“The government deeply regrets that Shell wants to move its head office to the United Kingdom,”Dutch Economic Affairs and Climate Minister Stef Blok said. “We are in talks with the top of Shell about the implications of this move for jobs, critical investment decisions and sustainability.”read more
Nov 15th, 2021
by John Donovan.
Comments are off for this post
The New York Times
Shell Proposes Shift to Britain, Dropping ‘Royal Dutch’ From Name
The restructuring is meant to make the company more appealing to investors and make it easier to sell assets, the oil giant said.
By Stanley Reed: Nov. 15, 2021, 6:02 a.m. ET
Shell, Europe’s largest energy company, said Monday that it was proposing to move its headquarters to Britain from the Netherlands and make major changes in its share ownership and tax status.
The moves are designed to make the company, whose share price has lagged rivals, more appealing to investors, and they come less than a month after an activist investor, Daniel Loeb, suggested changes to the company’s structure. They are likely to be seen as a blow to the Netherlands, where Shell has an enormous presence, and a windfall for the British government as it struggles to demonstrate that Brexit can provide an economic boost.read more
Nov 15th, 2021
by John Donovan.
Comments are off for this post
REUTERS
Shell’s Dutch exit comes with legal side benefits
15 Nov 2021: By George Hay
Shifting its tax residency to the UK, along with its head office and CEO, simplifies the $170 bln oil major’s structure. It also makes it easier to reorganise for the energy transition. The implied snub to the Dutch court which ordered Shell to cut emissions is an added bonus.
Royal Dutch Shell said on Nov. 15 it would seek shareholder approval to change its corporate structure in order to unify its two classes of shares. The company will also shift its tax residence to the United Kingdom.Shell is currently incorporated in the UK but has Dutch tax residence and a dual-class share structure. It adopted that approach in 2005 after combining Koninklijke Nederlandsche Petroleum Maatschappij and The Shell Transport and Trading Company under a single parent company.
Shell said a unified share structure would allow it to compete more effectively by allowing for an acceleration of share buybacks, as there will be a larger single pool of ordinary shares that can be bought back.read more
Nov 15th, 2021
by John Donovan.
Comments are off for this post
The Telegraph
Shell to move headquarters from Netherlands to UK
Firm says unified structure will help to ‘accelerate switch to net zero’
By Matt Oliver
Royal Dutch Shell has unveiled plans to move its headquarters from the Netherlands to the UK.
The Anglo-Dutch energy giant said the move to abandon its current dual structure would make it nimbler as it moves away from oil and gas and towards greener sources of power.
The move comes as Shell is facing pressure from Third Point, an activist investor run by Wall Street billionaire Dan Loeb.read more
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
ESTHER KIOBEL SUES SHELL FOR COMPLICITY IN HUSBANDS MURDER
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ABANDONED BY SHELL: KEITH MACDONALD & FAMILY, VICTIMS OF RADIOACTIVE CONTAMINATION AT WORK
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
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.
DISCLAIMER
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.
OVER 500 EXTERNAL PUBLICATIONS CITING OUR SHELL WEBSITES
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 websiteetc. 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