Comments posted on our Shell Blog this morning by two regular contributors in reaction to the 2nd Quarter 2009 results announced by Royal Dutch Shell Plc at 7am today. Guest1 is a senior Shell insider. Paddy Briggs is a highly esteemed former Shell executive.
on Jul 30th, 2009 at 8:05 am
Just read: We are in the middle of a programme to build 1 million barrels of oil equivalent per day (boe) of additional Upstream capacity. But Brinded has been in the middle of building extra production capacity since many years. So why would we now believe Shell? If Voser has any sense he fires Brinded asap. And all the sycophants around him. Thereafter he may hear the truth and bad news occasionally .
on Jul 30th, 2009 at 11:00 am
What Brinded should have said:
Success for Shell means that we have to find, develop, transport and trade more oil and gas and secure the highest margins we can consistent with the long-term security of our business. This means we must eschew the short-termism that has sometimes characterised our behaviour. To pursue our growth strategy we need the best people the most skilful and experienced practitioners all the way along the chain. The best geologists. The best engineers. The best practical scientists. The best negotiators. The smartest traders. And of course we need good people to do the bookkeeping as we go along. But our distinctive strengths are not the men in the accounts departments. They lie in our highly skilled professional practitioners. So we must keep them and reward them and not berate them. We must offer them long-term job security and not threaten them. That is how we will secure competitive advantage not by facile cuts of staff and costs that never worked in the past and it wont work now.
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