Posts on ‘February 3rd, 2006’

Royal Dutch Shell Plc, the newly merged giant Anglo-Dutch multinational, destroyed $2.9 billion in shareholder value in 2005 simply as a result of the accounting policies they use. (I-Newswire) – Lisbon, Portugal ( i-NewsWire ) February 3, 2006 – Royal Dutch Shell Plc, a global group of energy and petrochemical companies, permanently destroyed $2.974 billion [...]

FEB 2 2006 On the 29th June last we were imprisoned due to our opposition to Shell’s proposed pipeline in North Mayo. Since then, our position has been vindicated by the Accufacts and Corcoran Reports and even, despite its flawed and limited terms of reference, the Advantica Report. In our ‘Open Letter’ from prison in [...]

Part of a PLC Law Department series profiling general counsel in the world's leading companies. Brief career to date: Held various positions in private practice, government and courts. From 1977, worked in various legal roles for Brown Boveri of Switzerland, including as head of the Brown Boveri legal department where he, together with his legal [...]

AS THE OIL GIANT DELIVERS RECORD RESULTS OF 313 bn WE ASK… ARE SHELL'S PROFITS OBSCENE? YES says Tony Woodley: TRANSPORT AND GENERAL WORKERS UNION THOUSANDS of people are anxious about their pensions. Industry is worried about mounting energy costs. A lot of older people are dreading the next fuel bill. That's why the T&G [...]

'It is absolutely ridiculous with drivers hit on all sides by tax and profiteering' OIL giant Shell provoked a backlash from motorists yesterday after making profits of £1.5million an hour last year – a record for a UK business. The company – full name Royal Dutch Shell – generated £12.93billion during 2005, up 30 per [...]

By BILL MARTIN OIL giant Royal Dutch Shell is looking to return more than £8.5 billion to shareholders after reporting record year-end profits. Chief executive Jeroen van der Veer said the company will return £5.5bn through an above-inflation rise in its dividend payout. And he pledged a further £3bn through a share buyback. The promise [...]

By PAUL MALLEY OIL giant Shell made a staggering profit of £12.93 billion last year – an all-time UK record. The megabucks sum works out at almost £1.5m every HOUR and is a massive 103 times bigger than tonight's £125m EuroMillions jackpot. Shell's profits rocketed 30% on the previous year's haul, thanks to sky-high oil [...]

Friday, February 03, 2006 5:28:18 AM ET 0911 GMT [Dow Jones] Morgan Stanley cuts Royal Dutch Shell (RDSB.LN) to equalweight from overweight, price target to 2,100p from 2,150p on “disappointing” cash return. “With the results for 4Q '05 (Thursday), Shell announced its intention to buy back up to $5 billion of shares in 2006″, a [...]

The seismic shock of President George W Bush's mid-week bombshell that America had to break its addiction to oil continues to send ripples across the Atlantic. Speaking on BBC Radio 4's In Business last night, former US vice president Al Gore said too many big US corporations are living in a “bubble of unreality” by [...]

By Christopher Hope, Industry Editor (Filed: 03/02/2006) Royal Dutch Shell yesterday shrugged off suggestions from US president George W Bush that America should lose its addiction to oil, adding that the world was nowhere near to running out of black gold. The news came as Shell, the world's third biggest oil and gas company, unveiled [...]

From Bloomberg News Royal Dutch Shell, the world's third-biggest oil company, said Thursday that profit in the fourth quarter fell 4% as hurricane damage left it unable to take advantage of near-record crude oil prices. Net income declined to $4.4 billion, or 66 cents a share, from $4.6 billion, or 68 cents, in the year-earlier [...]

By CHIP CUMMINS Staff Reporter of THE WALL STREET JOURNAL February 3, 2006; Page A3 LONDON — Royal Dutch Shell PLC reported a 4.4% drop in fourth-quarter net income to $4.37 billion, as big year-earlier gains and softer refining-profit margins offset the high oil and natural-gas prices that have boosted profits throughout the industry. The [...]

By Carl Mortished, International Business Editor RECORD profits at Royal Dutch Shell last year yielded an extraordinary harvest for the Inland Revenue which collected $1.2 billion (£674 million) from the oil giant, double the amount Shell paid in UK taxes in 2004. Soaring oil and gas prices pushed Shell’s current cost profit up 30 per [...]

By Carl Mortished, International Business Editor ROYAL DUTCH SHELL yesterday announced the largest profit ever recorded by a company on the London Stock Exchange. And the annual combined profits of Shell, ExxonMobil and that anticipated from BP next week, well exceed the annual income of a small nation such as Bulgaria, Sri Lanka or Tunisia. [...]

Shell: not enough profit, too little investment; Eurotunnel: more misleading claims Published: 03 February 2006 Just a giant ramp, or is Gazprom serious about bidding for Centrica? Whatever the answer, Centrica's chief executive, Sir Roy Gardner, will be pressing the Takeover Panel for an urgent clarification after remarks yesterday from a senior Gazprom official to [...]