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Posts from ‘January, 2009’

Bakersfield refinery may be idled indefinitely

The Santa Monica activist group has raised concerns to state officials that Shell Oil, a major crude supplier to Big West, may be withholding supply from the refinery. Shell is the former owner of the Bakersfield refinery and tried to close it several years ago before being forced by the state to sell it to boost competition. Christine Gasparac, a spokeswoman for the California attorney general’s office, confirmed that the agency’s antitrust section was investigating “whether [Shell] illegally refused to sell crude to Flying J or shut off pipeline access.” Shell could not be reached for comment.

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Picketers get rowdy in front of Shell refinery

MARTINEZ — Contra Costa sheriff’s deputies were called to control a crowd of 100 steel worker union picketers when a protest in front of the Shell oil refinery got out of hand Wednesday afternoon.

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Shell confesses to challenging conditions

(SHARECAST) – Oil giant Royal Dutch Shell said industry conditions remain challenging as it announced lower fourth quarter earnings.

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Royal Dutch Shell Plc Fourth quarter and full year 2008 results and interim dividend announcement

29/01/2009

At 07.00 GMT (08.00 CET and 02.00 EST) on Thursday 29 January, 2009 Royal Dutch Shell plc released its fourth quarter and full year results and fourth quarter interim dividend announcement for 2008.

Jeroen van der Veer - Chief Executive

“We delivered satisfactory performance in the fourth quarter of 2008, given the pressure on demand for oil and gas due to a weaker global economy. Our strategy remains to pay competitive and progressive dividends, and to make significant investments in the company for future profitability. Industry conditions remain challenging, and we are continuing the focus on capital and cost discipline in Shell.”

Jeroen van der Veer, Chief Executive
 

Downloads & webcasts

 

  ONLINE PDF XLS
Quarterly Results Announcement (results in full)  

html version of quarterly results announcement

 

 

pdf of quarterly results announcement - opens in new window (size 554kb)

 

 
Key Financial Data in dollars, euros and pounds sterling  

html version of key financial data

 

 

pdf of key financial data - opens in new window (size 22kb)

 

 

excel of the key financial data - opens in new window (size 87kb)

 

Media audio webcast
(09:00 GMT / 10:00 CET / 04:00 EST)
 

Media audio webcast - archived - opens in a new window

 

   
Analyst audio webcast
(13:30 GMT / 14:30 CET / 08:30 EST)
 

Analyst audio webcast (archived) - opens in a new window

 

   
Media & analyst webcast presentation slides
(available shortly before the media webcast)
     

Dividend announcement

View the 4th quarter 2008 interim dividend announcement.

Shell annual profit hits $31.4bn

BBC News

Shell petrol pumps 

The recent drop in oil prices has trimmed Shell’s profits

Oil giant Royal Dutch Shell has announced a 14% rise in annual profits to $31.4bn (£22.3bn), helped by record oil prices over the summer.

However, profits for the final three months of 2008 fell by 28% compared with a year previously, from $6.7bn to $4.8bn, after oil prices dropped.

The fourth-quarter profit was also 56% lower than the previous quarter.

Oil prices reached $157 a barrel in July 2008 before falling dramatically to below $50 by the year end.

 

BBC News Article

Former oil executive pleads guilty in fraud scheme

A former oil executive accused of diverting more than $1 million from a Shell Deepwater Development contract for his personal use has pleaded guilty to income tax evasion and mail fraud.

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TNK-BP Adds 460MM BOE to Oil, Gas Resources in ’08

Russian oil firm TNK-BP , half-owned by oil major BP, said on Monday it added 460 million barrels of oil equivalent to its estimated resources in 2008 due to geological exploration alone.

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Total makes $502m bid for UTS Energy

France’s Total said it was launching a C$617 million (US$502 million) takeover bid for UTS Energy to gain a stake in the delayed Fort Hills oil sands project in Canada.

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OPEC Calls for Curbing Speculators, Blames Hedge Funds for Rout

“Even if we look back at 1998 and 1986, we’ve never had this violent a shift at this extreme in terms of prices,” said Daniel Yergin, chairman of Cambridge Energy Research Associates Inc., referring to previous bear markets. Yergin will also be attending the forum in Davos, as will Jeroen van der Veer, chief executive officer of The Hague-based Royal Dutch Shell Plc

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Californian exclusive: State investigating Shell over refinery trouble

The state Attorney General’s antitrust unit is investigating whether Shell Oil Co. is “illegally refusing to sell crude oil … or shutting off pipeline access” to Big West refinery on Rosedale Highway. The inquiry was confirmed in a letter dated Friday from Chief Deputy Attorney General James M. Humes to Sen. Barbara Boxer, D-Calif., who earlier this month forwarded to the office allegations that Shell was “deliberately manipulating the supply (of oil) in order to force the refinery to shut down.”

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