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Posts on ‘October 29th, 2009’

Shell to comply with Iran gasolene sanctions

Royal Dutch Shell Plc said it will comply with international rulings on gasoline supplies to Iran as part of United Nations sanctions against the country over its nuclear program.

Shell slashes jobs as shares slide on poor quarterly results

DAILY MAIL By Daily Mail Reporter Last updated at 10:12 AM on 29th October 2009 Oil giant Royal Dutch Shell today announced it was cutting 5,000 jobs as weaker oil prices and the ailing global economy saw profits plunge. The Anglo-Dutch company reported a decrease in profits of 73 per cent to $2.99billion (Ł1.83billion) between [...]

Changing mood of Shell Staff arising from restructuring

AN EMAIL SENT TO SHELL CEO PETER VOSER FROM JOHN DONOVAN: 29 OCTOBER 2009 11.49 GMT Dear Mr Voser As well as being the operator of a well known Shell related website (royaldutchshellplc.com) I am also a long term Shell shareholder. I received yesterday an email from a person closely associated with Shell providing a [...]

Around $5 billion to be injected into Shell Pension Fund hit by slump

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) will only have to top up its pension fund by around $5 billion, compared with previous expectations of $6-8 billion, because of the recovery in global equity markets, said Chief Financial Officer Simon Henry Thursday.

Shell Results a ?Disappointment?

By WSJ Staff October 29, 2009, 4:49 AM ET Royal Dutch Shell?s third quarter earnings, out this morning, are a ?disappointment,? says Peter Hutton at NCB. ?After BP?s slam dunk results, this is only a bit up?.5% is a bit anemic,? referring to how much the company?s clean current cost of supplies beat consensus by. [...]

Shell Shares Drop As 3Q Profit Fails To Impress

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) shares fell 3.4% Thursday after the company posted a 67.6% fall in adjusted third-quarter profit on lower oil and gas prices, disappointing analysts by failing to beat modest expectations.

Fall In Oil Price Hits Profits At Shell

Adam Arnold, Sky News Online Oil giant Royal Dutch Shell made profits of Ł1.8bn in the third quarter – down 73% on the same period last year. Profits fall sharply compared with same period in 2008 The company has been hit by falling oil and gas prices. Shell’s share price fell around 3% in early [...]

Shell sees no ‘quick recovery’ as energy company cuts 5,000 jobs

Daily Telegraph Royal Dutch Shell is ?not expecting a quick recovery? after shedding 5,000 jobs in a global restructuring and seeing profits drop 73pc on lower oil and gas prices. By Rowena Mason Published: 7:59AM GMT 29 Oct 2009 Royal Dutch Shell B Europe?s biggest energy company made $2.99bn in profits on a cost of [...]

Shell: Restructuring Leads To 5,000 Job Cuts

THE WALL STREET JOURNAL OCTOBER 29, 2009 By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Anglo-Dutch oil major Royal Dutch Shell PLC’s (RDSB.LN) chief executive Thursday said 5,000 employees will leave due to a company-wide corporate restructuring program. Peter Voser said: “The Transition 2009 program, which I announced earlier this year, is progressing well, [...]

Shell employee numbers cut by 5,000, or around 10% of workforce in restructured divisions

“We continue to focus on improving our competitive cost position, simplifying Shell,” which has reduced operating costs by $1 billion in the first nine months of the year and will cut employee numbers by 5,000, or around 10% of the workforce in the restructured divisions, Voser said.

LEAKED EMAILS LOST SHELL BILLIONS ON SAKHALIN-2

John Donovan: Royal Dutch Shell Plc.com LEAFLET GIVEN TO SHELL EMPLOYEES AT SHELL CENTRE, LONDON FROM MONDAY 2nd NOVEMBER 2009 LEAKED EMAILS LOST SHELL BILLIONS ON SAKHALIN-2 By John Donovan of royaldutchshellplc.com: Nov 2009 At first glance the headline appears to be a ridiculous claim. However, it happens to be supported with independent verifiable evidence [...]