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January 18th, 2014:

In defence of Ben van Beurden

Screen Shot 2013-10-01 at 07.56.54An article published today by The Wall Street Journal – “Shell, Bruised by Big Bets, Warns of Profit Miss” – makes the case from the standpoint of Ben van Beurden, why he should not be blamed for the profits warning announced yesterday by Royal Dutch Shell Plc that shocked the markets.

By John Donovan

Screen Shot 2014-01-19 at 08.18.10Shell crushed by out of control elephants?

An article published today by The Wall Street Journal – Shell, Bruised by Big Bets, Warns of Profit Miss – makes the case  from the standpoint of Ben van Beurden, why he should not be blamed for the profits warning announced yesterday by Royal Dutch Shell Plc that shocked the markets.

Apparently he warned that Shell should be cautious in relation to multibillion dollar elephant projects, which were pushed by Jeroen van der Veer, the first Chief Executive of Royal Dutch Shell Plc. BvB claims that he had no say over investments in EP projects and “questioned if it made sense for Shell to bet so heavily on ‘big-ticket’ projects”.
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.

A bad start for Shell CEO Ben van Beurden

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Like Mr Voser BvB seemed eager to assume the top job and appeared to be decisive, which was encouraging. That was before he became an apparent victim of what is being described as Shell’s current “annus horribilis.” Seems to be an annual event. 

By John Donovan

Not exactly an inspiring start by the new Chief Executive Officer of Royal Dutch Shell Plc, Ben van Beurden.

Three weeks into his tenure and already one of his executive director colleagues has suddenly left the company without any rational explanation. Now we have the profits warning that took the markets by surprise and a related admission by BvB that “our 2013 performance was not what I expected from Shell.”

I can only surmise that he has not been a regular visitor to this website, or he might have been rather better informed than apparently has been the case, if we are to believe his claim of ignorance, as if he was some mere bystander. 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 shock as oil giant posts profit warning and expects to make £6BILLION less this year

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Screen Shot 2013-10-01 at 07.56.54Industry experts say Shell had never before issued a profit warning ahead of its full-year earnings as the news wiped a massive £3.9billion off its share price

Oil giant Shell is set to make a staggering £6billion LESS this year, it emerged today.

In a shock profit warning, the mega firm said it had been hit by everything from lower production to higher costs for finding oil and gas.

Oil analyst Neill Morton, at Investec Securities, said Shell had never before issued a profit warning ahead of its full-year earnings. He added: “Shell has broken with its recent custom of disappointing on earnings day – it is now dishing up the bad news ahead of time.” 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 issues surprise profit warning as new boss Ben van Beurden admits recent performance ‘not what I expect’ from oil giant

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Screen Shot 2013-10-01 at 07.56.54‘This should bring to an end what has proved to be something of an “annus horribilis” for Shell, which has seen a key production target missed and weaker than anticipated profitability in North America,’ said Barclays.

Barclays pointed to Shell’s ‘stronger free cash flow position than the majority of the peer group’ and said it could ‘significantly step up divestments’ to satisfy investors’ thirst for returns.

Oil pundit Malcolm Graham-Wood said he believed van Beurden was trying to get bad news out of the way at the start of his tenure to ‘leave himself a decent starting point to what might be ten years in the job’. 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.

Selection of article links relating to Royal Dutch Shell 17 Jan 2014

Screen Shot 2013-10-01 at 07.56.54Selection of article links relating to Royal Dutch Shell kindly provided by a regular contributor

How Royal Dutch Shell Will Soon Become a Major Player in Natural  DailyFinance-2013 was a difficult year for integrated major Royal Dutch Shell due to … disruptions in Nigeria, one of its major oil-producting geographies.

Federal Reserve: Deepwater Horizon Oil Spill Is What Scares Us …: Huffington Post-Jan 14, 2014: That expansion, plus recent catastrophes like the BP oil spill, has ….

Shell shock: Oil giant warns of ‘significantly lower’ profitCNBC.com 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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