Posts under ‘Shell Oil Company’

Shell completes acquisition of Landmark fuel and convenience network

Jun 1, 2022

Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (Shell), has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies (Landmark). The acquisition also includes supply agreements for the independently operated fuel and convenience sites.

Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell’s market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world. read more

Shell completes acquisition of Landmark fuel and convenience network

Wed, June 1, 2022

HOUSTON, June 1, 2022 /PRNewswire/ — Shell Retail and Convenience Operations LLC, a wholly owned subsidiary of Shell Oil Products US (Shell), has completed the acquisition of certain company-owned fuel and convenience retail sites from the Landmark group of companies (Landmark). The acquisition also includes supply agreements for the independently operated fuel and convenience sites.

Building on the strength of its existing networks, this acquisition brings Shell closer to its customers and enhances Shell’s market presence by growing its mobility footprint in a key region in the U.S., which is one of the largest fuels and convenience retail markets in the world. read more

Evening Standard

Shell profits jump 43% to £7.2 billion amid calls for windfall tax

By Oscar Williams-Grut City Editor @OscarWGrut: 5 MAY 2022

Oil giant Shell has announced a huge jump in profits amid growing calls for a windfall tax on oil and gas giants.

Royal Dutch Shell reported underlying profits of $9.1 billion (£7.2 billion) in the first quarter, up 43% on the final three months of 2021 thanks to soaring oil and gas prices.

The huge profits are likely to reignite calls for a windfall tax on energy giants. A one-off tax on BP and Shell alone could raise £9 billion for the Treasury, the Liberal Democrats estimate. read more

Current litigation in Florida where Shell has allegedly engaged in a “false, deceptive, and unlawful advertising scheme”

THE ABOVE IMAGE IS FROM THE FLORIDA LEGAL DOCUMENT

EXTRACTS FROM A FLORIDA LEGAL DOCUMENT IN WHICH SHELL OIL COMPANY IS THE DEFENDANT: To drive sales and increase their own revenue, Defendant has engaged in a deceptive pricing scheme which misleads consumers into believing they will be charged a lower price for gasoline purchases made with debit cards, when in reality consumers are charged a higher “credit” price for these transactions. By this action, Plaintiff seeks damages on behalf of the Class as defined herein arising from Shell’s false, deceptive, and unlawful advertising scheme, as well as injunctive and equitable relief to end Shell’s scheme. read more

The Telegraph

Shell revives huge North Sea gas field to boost Britain’s energy security

Plans for the Jackdaw field were rejected last year by environmental regulators

By Rachel Millard 18 March 2022 

Shell has submitted new plans to develop a huge gas field in the North Sea, six months after they were rejected by environmental regulators, in an attempt to help Britain become less dependent on foreign suppliers. 

The FTSE 100 company said it wanted the Jackdaw field, about 250km east of Aberdeen, to start operating by 2025.  read more

CNN

Huge profits at BP and Shell revive calls for windfall tax to tackle fuel poverty

By Mark Thompson, CNN Business: February 8, 2022

London (CNN Business) – News that Britain’s biggest oil companies made $32 billion in profit last year is stoking calls for the UK government to impose a temporary tax on their earnings to help households pay soaring energy bills.

Reporting earnings on Tuesday, BP (BP) posted an annual profit of almost $12.9 billion. Shell (RDSA) reported a profit of $19.3 billion last week after what it described as a “momentous” year. Profits at both companies have been boosted by a huge rebound in oil and natural gas prices after they collapsed at the start of the pandemic. The bumper earnings have allowed them to accelerate investments in lower carbon and renewable energy projects while also handing billions of dollars to investors in the form of dividends and share buybacks. Between them, BP and Shell spent $7.7 billion buying back shares last year, and the windfall for investors looks set to continue. BP said it expected to be able to deliver share buybacks of $4 billion per year, while Shell announced plans to hand back $8.5 billion to shareholders in the first half of 2022, including proceeds from last year’s sale of its assets in the Permian Basin in the United States. The huge profits coincide with the announcement that energy bills for most UK households will rise by 54% in April, fueling a cost-of-living crisis that the Bank of England has forecast will mean the biggest drop in disposable incomes in decades. FULL ARTICLE

REUTERS

Shell ends 2021 on high note, hikes dividend, buybacks again

By Ron Bousso: February 3, 202210:27 AM GMT

• Q4 21 profits soar to $6.4 bln, highest since Q1 2014
• Results boosted by strong LNG trading
• Company boosts 2022 spending plans

LONDON, Feb 3 (Reuters) – Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap a year of dramatic recovery for Shell and the oil and gas sector after energy demand and prices collapsed in 2020 in the wake of the Coronavirus epidemic.

Shell shares were up 1.2% by 1015 GMT, compared with a 0.1% decline for the broader European energy index (.SXEP). read more

The Guardian

Oil industry board members to testify to Congress on climate disinformation

Officials from Exxon, Shell, Chevron and BP have been summoned to appear before the House oversight committee in February

Reuters: Fri 21 Jan 2022 14.34 GMT

A US congressional committee has invited board members at four large oil companies to testify in February about the industry’s role in the climate crisis and spreading “disinformation”, turning up the heat on big oil after lawmakers grilled their CEOs last year. read more

Go faster, be bolder”: setting the pace at Shell

CEO Ben van Beurden talks about the year just gone, the year to come and why Shell must speed up its transformation.

By Joanna Wrighton and Rob van’t Wel on Jan 20, 2022

It was another extraordinary year for Shell. What were the highlights of 2021 for you?

The launch of our Powering Progress strategy was a huge moment. It’s the most complete and clearest articulation of our strategy in Shell’s recent history. It includes ambitious goals for shareholders, for action on carbon emissions, for people and for the environment. Powering Progress also sets the most ambitious targets in our industry to reduce emissions. read more

Shell’s attempt to kill damaging US litigation involving senior managers in Shell Corporate Security, including Spymaster James W.D. Hall

By John Donovan

I have provided links (1) (2) to the latest legal submissions (including a motion to dismiss) made by Shell in defence of a discrimination claim by Mr Walied Shater.

He is the third senior member of Shell Corporate Security who has sued Shell Oil Company alleging discrimination by the head of Shell Corporate Security, Mr James W.D. Hall.  read more

S&P Global

Platts

Shell cancels seismic work offshore South Africa after legal challenge

• AuthorEklavya Gupte 
• Editor Daniel Lalor
• 05 Jan 2022 | 15:20 UTC

Shell has suspended seismic exploration activity off South Africa’s east coast, terminating a contract for the Amazon Warrior survey vessel after a High Court ordered it to pause work after a legal challenge by environmental groups.

“As legal hearings about the survey are not yet completed and the weather window for conducting the work is limited, Shell has decided to terminate the current contract for the survey vessel early, in agreement with the contractor,” a Shell spokesperson told S&P Global Platts Jan. 5. read more

OFFICIAL LETTER TO ROYAL DUTCH SHELL CEO BEN VAN BEURDEN AND SHELL OIL COMPANY PRESIDENT GRETCHEN WATKINS DEMANDING AN IMMEDIATE END TO ACTS OF DISCRIMINATION BY SHELL INCLUDING AGAINST A SENIOR SHELL SECURITY MANAGER, MR WALIED SHATER, A FORMER US SECRET SERVICE AGENT.  

This article is related to the article we published yesterday making serious allegations against Shell global security boss James W.D. Hall. 

Vicious Infighting at the top of Shell Corporate Security

All current members of Shell Corporate Security Department are British white males except one German white male. read more

REUTERS

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Erwin Seba: Publishing date: Nov 30, 2021

HOUSTON — A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of its 50% interest in the 302,800 barrel-per-day (bpd) Deer Park, Texas, refinery outside Houston to partner Pemex for about $596 million.

The closing was expected as early as Wednesday. read more

CITI A.M.

Shell holds talks with investors to push through London HQ move

BY: NICHOLAS EARL: TUESDAY 23 NOVEMBER 2021 4:28 PM

Royal Dutch Shell is looking to persuade investors to back its plan to relocate the company’s headquarters from the Netherlands to UK.

The oil giant’s management team has set up more than 100 meetings with leading investors in recent days to push through historic company, sources told Reuters.

Shell announced earlier this month they would scrap dual Anglo-Dutch share structure, move to London from The Hague, and ditch the Royal Dutch branding after 114 years of holding the name. read more

The Motley Fool

An Activist Hedge Fund Wants to Break Up Shell Oil

The oil industry has a spill, and the leaky commodity is drama. Less than six months after an activist hedge fund planted itself on Exxon’s board…

The Daily Upside: Oct 27, 2021 at 8:00PM

The oil industry has a spill, and the leaky commodity is drama.

Less than six months after an activist hedge fund planted itself on Exxon’s board with plans to overhaul the company’s climate agenda, New York-based Third Point revealed on Wednesday its plans to slice up Royal Dutch Shell by carving off its renewables businesses. read more

Image Credit: KICKBACK NEWS

By John Donovan

KickBack.news, the anti-corruption website recently founded by Javier Ferrandis has published a remarkable article under the headline:

DONOVAN vs. SHELL: A 30 Years Epic battle against a corporate giant.

Extract

Disgruntled employees, interested in learning about or airing the dirty laundry of the Shell Group, or journalists, who want to find out what’s up at one of the largest corporations in the world, know that you have to start your search by simply typing royaldutchshellplc.com on your browser. read more