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Royal Dutch Shell Profits Slump Debacle

Screen Shot 2013-10-01 at 07.56.54Based on our insider information, we, and only we, raised the question of whether Royal Dutch Shell CEO Peter Voser jumped ship or was pushed. I think we now have the answer that explains his unexpected early retirement under the cloak of a change of lifestyle. How do you know that Shell is run by clowns? The continued existence of this website over the last decade proves that this is the case. One miscalculation after the other. Just over 2 months ago, we raised the profits warning issue:Why no profits warning from Shell?

By John Donovan

Just over 2 months ago, we raised the profits warning issue: “Why no profits warning from Shell?

I would now like to put a simple question to our visitors.

What news source has provided the most accurate assessment about Royal Dutch Shell Plc and the senior management?

Not the BBC, The Wall Street Journal, the Financial Times, The Guardian, The Telegraph, The Motley Fool or any other source. Certainly not shell.com.

The most accurate assessment and information has consistently emanated from this website.

Not because I am a financial genius (far from it) but solely due to the insider information that has proven to be so insightful and accurate.

I merely provide the platform.

Based on our insider information we, and only we, raised the question of whether Royal Dutch Shell CEO Peter Voser jumped ship or was pushed.

I think we now have the answer that explains his unexpected early retirement under the cloak of a change of lifestyle.

How do you know that Shell is run by clowns? The continued existence of this website over the last decade proves that this is the case. One miscalculation after the other. We even operate under the top level domain name that Shell failed to secure despite issuing proceedings against us and as a result process job applications and deal with other matters, including business proposals on behalf of Shell. Would you want your so called No1 enemy to be in that position? You could not make it up.

Now we will see if Big Ben van Beurden has any more gumption that his hopeless predecessors, Sir Philip Watts, Jeroen van der Veer and Peter Voser, all three, like the current CFO Simon Henry, tainted by financial scandal, but still allowed to remain at the helm of Shell for years. What a role call. Will Voser become a priest?

COMMENT RECEIVED 

John

Shell has either learned or been told when they have to give a profit warning. Interestingly, after their adamant refusal to acknowledge the fact when Q2 results were issued, the market judgement for Q4 was a share decrease of only 3.3% compared with a decrease of 5.32% for Q2. Proof enough that they should also have issued profit warnings for Q2 and Q3?
 
Perhaps London Lad might like to comment on that or is his head well below the parapet?

RELATED COMMENT RECEIVED 2014/01/17 at 14:28 FROM KEITH RICHARDSON

Most of your contributors seem to have worked for Shell in the past. Seems to me that they were happy to take the money until they were released. Perhaps some unbiased contributors would be in a better position to discuss issues.

COMMENT ON SHELL BLOG BY “AN OLD EP HAND”

John, how often have our directors in the past claimed huge successes in times of high oilprice and then modestly (in small print and low voice) stated that whatever they do will only be visible some 10 years later?

In bad times they always reminded us in fat print and booming speeches that it was not their fault and inferred it was the result of bad decisions some 10 years earlier. But from now on things would be fine, we would change and all would be well and they could still claim huge bonusses.

But let’s check back, who were in charge some 10 years ago? YES: the bully astronaut who had seen the future and liked it and the brain with the beard who predicted Shell would be producing 6-6.5 million BOE in 2014. (I believe he is now trying to make the trains in the UK run on time.)

I guess there is no real chance they hand back there ill gotten bonusses? Or give these to charity?

It is clear your job is not finished!

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