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April 28th, 2011:

Shell Should Resist Dividend Siren Calls

APRIL 29, 2011

By ANDREW PEAPLE

Royal Dutch Shell‘s bump in the road has sure flattened out.

The oil company’s first-quarter earnings were up 53% on a disappointing last quarter of 2010, thanks to high oil prices and improved liquefied-natural-gas sales in Asia and Europe. Stronger cash flow may have some investors pressing for higher dividends. Shell should resist, for now.

Like BP, which reported on Wednesday, Shell has been shedding unwanted assets, leading to output shortfalls. Its production fell 3% year on year. But, also like BP, Shell’s results were boosted by higher downstream profits, which doubled year on year thanks to sharply wider refining margins. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Worst case Arctic spill could reach 58M gallons

DAN JOLING, Associated Press: Published 04:10 p.m., Wednesday, April 27, 2011

ANCHORAGE, Alaska (AP) — The federal agency overseeing offshore drilling in Alaska says a worst-case scenario for a blowout in the Chukchi Sea lease area could put more than 58 million gallons of oil into Arctic waters.

That’s far more than the major leaseholder in the Chukchi, Shell Oil, says it could handle under its response plan.

A memo prepared by the Bureau of Ocean Energy Management, Regulation and Enforcement says a blowout worst-case scenario could discharge nearly 2.6 million gallons per day initially. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell 1Q Adjusted Profit Soars 30% To $6.29B On Higher Oil Price

APRIL 28, 2011 3:15 A.M. ET

By Alexis Flynn Of DOW JONES NEWSWIRES

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Thursday posted a consensus-beating 30% rise in adjusted profit for the first quarter, as high oil prices, upstream production growth and continued cost-cutting all combined to good effect.

“We continue to make good progress in implementing our strategy, improving near-term performance, delivering a new wave of production growth, and maturing the next generation of growth options for shareholders,” said Chief Executive Peter Voser. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell First-Quarter Profit Rises on Higher Crude Oil Prices

By Brian Swint – Apr 28, 2011 8:50 AM GMT+0100

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said profit rose 30 percent in the first quarter as crude prices gained and refining earnings doubled.

Excluding one-time items and inventory changes, Shell earned $6.3 billion compared with $4.8 billion a year earlier. Analysts expected $6.2 billion, according to the mean of nine estimates in a Bloomberg survey. Production slipped 3 percent to 3.5 million barrels of oil equivalent a day and was in line with last year’s output once asset sales are excluded. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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