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What every company should learn from Shell’s exemplary CEO succession strategy

Oct 6th, 2022
by John Donovan.
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FORTUNE

What every company should learn from Shell’s exemplary CEO succession strategy

Laurie Cure: Wed, October 5, 2022 at 4:59 PM

Global energy giant Shell recently announced that Wael Sawan, its head of integrated gas and renewables, would replace longtime CEO Ben van Beurden by the end of 2022. While important changes to the C-suite are rarely smooth sailing, Shell’s board seems to have followed the three essential characteristics of a successful succession: fast, thorough, and consistent.

In early September, Reuters reported that the board was actively working to name the next CEO upon the retirement of Van Beurden, who plans to step down in 2023 after 40 years with the company. Their sources said the board succession committee had narrowed the list down to a few candidates. Two weeks later, they confirmed the final choice. 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.

Weaker refining, gas trading to hit Shell’s third-quarter results

Oct 6th, 2022
by John Donovan.
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REUTERS

Weaker refining, gas trading to hit Shell’s third-quarter results

KEY POINTS

  • Shell reported record profits in the first half of the year on the back of soaring energy prices.

  • The British energy giant now expects lower refining margins and weaker earnings from natural gas trading.

  • It has seen a slump in demand for plastics as well as lower seasonal demand, and faces growing concerns over a global economic slowdown.

Shell said on Thursday its third-quarter profits would be pressured by a sharp drop in refining margins and
”significantly” weaker earnings from natural gas trading.

The British energy giant reported two consecutive quarters of record profits in the first half of the year amid soaring oil and gas prices, and stellar earnings from its trading operations, the world’s biggest.

But in the third quarter, indicative refining margins dropped to $15 a barrel compared with $28 a barrel in the previous three months, Shell said in an update ahead of its results on Oct. 27, amid growing concerns over a global economic slowdown. 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.

BBC News Shell boss says taxing energy firms to help the poor is ‘inevitable’

Oct 4th, 2022
by John Donovan.
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BBC News

Shell boss says taxing energy firms to help the poor is ‘inevitable’

By Tom Espiner: Business reporter, BBC News: 4 Oct 2022

Taxes on firms within the oil and gas industry are “inevitable” to help the poorest people, the outgoing boss of Shell has said.

Ben van Beurden said that energy markets cannot behave in a way that “damage a significant part of society”.

Households in the UK have been under pressure from rising energy bills as gas prices have soared.

The UK government under Liz Truss has pushed back against extending a windfall tax on oil and gas firms.

Last week, the EU agreed emergency measures to charge energy firms on record profits. 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.

Joke of a company

Oct 4th, 2022
by John Donovan.
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04 Oct 2022

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.

After long last they decided to call me…

After long last they decided to call me about long loss of internet, to say were going to rub this in your face, it’s tough we dont pay for loss of internet. What a utter discrace of customer care, through this, from first reported. Words cannott describe the behavior of this company.

Date of experience: 03 October 2022

Joke of a company read more

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‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

Oct 4th, 2022
by John Donovan.
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REUTERS

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

Published 04 Oct 2022

European governments should tax the wealthy to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell Chief Executive Officer Ben van Beurden said on Tuesday.

Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy prices and the huge volatility in the markets threatened broader social instability.

“You cannot have a market that behaves in such a way … that is going to damage a significant part of society.”

“One way or another there needs to be government intervention” in the face of soaring energy prices, Van Beurden said. 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 chief: governments may need to tax energy firms more to help the poor

Oct 4th, 2022
by John Donovan.
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The Guardian

Shell chief: governments may need to tax energy firms more to help the poor

Ben van Beurden also warns against EU moves to cap price of gas and electricity to protect consumers

Alex Lawson Energy correspondent: Tue 4 Oct 2022 12.35 BST: Last modified on Tue 4 Oct 2022 12.48 BST

The chief executive of Shell has said governments may need to tax energy companies further to fund efforts to protect the “poorest” people from soaring bills.

Ben van Beurden, the outgoing boss of the oil and gas company, told an energy conference in London: “One way or another there needs to be government intervention. Protecting the poorest, that probably may then mean that governments need to tax people in this room to pay for it.

“I think we just have to accept as a society – it can be done smartly and not so smartly. There is a discussion to be had about it but I think it’s inevitable.” 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 CEO Says Governments Need to Tax Energy Firms to Help Poor

Oct 4th, 2022
by John Donovan.
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Bloomberg

Shell CEO Says Governments Need to Tax Energy Firms to Help Poor

Governments need to tax energy producers to help the poorest people deal with the soaring cost of fuel, said the boss of Shell Plc.

Bloomberg News: William Mathis: Oct 4, 2022

(Bloomberg) — Governments need to tax energy producers to help the poorest people deal with the soaring cost of fuel, said the boss of Shell Plc.“

One way or another there needs to be government intervention,” Shell Chief Executive Officer Ben van Beurden said at the Energy Intelligence Forum, a major conference for oil and gas producers in London on Tuesday. “Protecting the poorest, that probably may then mean that governments need to tax people in this room to pay for it.” 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.

Absolutely appalling service from Shell Energy Broadband

Oct 1st, 2022
by John Donovan.
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1 Oct 2022

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.

Absolutely appalling service

Absolutely appalling service, I have been with them a little over a month and I am counting the days left in my contract, service constantly cutting out. Cannot imagine a provider any worse, actually has me missing AOL dial-up

Date of experience: 01 October 2022

Shell Energy Phone & Broadband

Shell Energy recently purchased the Post Office phone and broadband. The service from this company is poor to be polite. No phone or broadband for 5 days Compensation offered £10 when I eventually spoke to someone and said about the Ombudsman service and compensation rates he said we don’t believe in that and not signed up to it. What a sham for such a large company. My advice to anyone thinking of moving to them is don’t find someone else. Just waiting for a fibre connection and then goodbye to this awful company. 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.

Shocking, dreadful, awful Shell Broadband

Sep 27th, 2022
by John Donovan.
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Snippets from broadband.co.uk reviews:

“I can’t give 0 so I give 1 star in all categories. Shocking, dreadful, awful service and they don’t seem to care!! Really dreadful broadband service too.”

“DO NOT TRANSFER TO THIS COMPANY!!
The most appalling broad band ever. Moved because jt was cheaper but couldn’t watch anything in catch up so then upgraded and still cant watch anything without it buffering. Please do not sign up it is absolutely awful. I am counting the months till i can go back to talk talk!” 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 Broadband ‘a complete joke’

Sep 27th, 2022
by John Donovan.
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27 Sept 2022

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.

DO NOT USE

DO NOT USE! I can’t begin to go intro the nightmare of this company. Save your self a lot of money hassle and headache and never use shell energy for anything including broadband.

Date of experience: 26 September 2022

Still not got broadband should have…

Still not got broadband should have started the 5 September and still not got it is the 26 September at 20 -10 it a complete joke

Date of experience: 26 September 2022 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.

For Western energy giants, escaping Russia has become the longest goodbye

Sep 26th, 2022
by John Donovan.
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The Telegraph

For Western energy giants, escaping Russia has become the longest goodbye

Not long ago oil and gas companies were scrambling to get into Russia, rather than out

Shell has had ties to Russia since 1912 after buying the Rothschild family’s interests there. More recently, its partnership with Russia’s state gas giant Gazprom has helped it access vast gas reserves in Russia’s far east.

It, too, hung on even after having to cede control of the $22bn [£19bn] Sakhalin-2 gas facility to Russia in 2006 following months of Kremlin pressure.

Shell’s boss, Ben van Beurden, met Putin in April 2014, shortly after Russia’s annexation of Crimea, to tell him they wanted to expand the project. Equinor, meanwhile, entered Russia in the 1990s and ten years ago struck a major exploration deal with Rosneft as the two Arctic powers forged closer ties.

By the start of the war, foreign companies covered about 11pc of Russia’s oil and gas production, according to James Henderson, at the Oxford Institute for Energy Studies. BP, TotalEnergies, Wintershall Dea, Shell and India’s Oil and Natural Gas Corporation were the largest. 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’s new boss Wael Sawan gets ready for some ups and downs

Sep 21st, 2022
by John Donovan.
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Shell’s new boss Wael Sawan gets ready for some ups and downs

By Jon Yeomans

Congratulations to Wael Sawan, the new boss of Shell, who will be taking over from Ben van Beurden next year. Sawan, a company lifer, will have to lead the oil giant through a treacherous period.

For starters, it is making an obscene amount of money while people worry about keeping the heating on. It also has to work out whether it really wants to be a leader in renewable energy.

But what do we know of Sawan? An impressive CV and a squeaky-clean page on LinkedIn. Sawan’s interests are listed as Harvard Business School, a couple of energy companies, and a furniture maker in Dubai.

Still, with BP boss Bernard Looney likening his company to a “cash machine”, Shell is wise to pick a dull CEO.

Delving a little deeper, though, it seems Sawan is a thoughtful chap. In a 2019 interview with Argentinian newspaper La Nacion, he said:'”Good people come and go. The institutions are those that remain. And if you believe in institutions you can create value.” 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’s Chief Executive, Ben van Beurden, to Step Down

Sep 16th, 2022
by John Donovan.
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The New York Times

Shell’s Chief Executive, Ben van Beurden, to Step Down

Wael Sawan, who spent most of his career on the oil and gas side of Shell before moving recently to its liquefied natural gas and renewable energy unit, will take over Europe’s largest energy company.

By Stanley Reed: Sept. 15, 2022

Shell, Europe’s largest oil company, said on Thursday that Ben van Beurden, who has served as chief executive since 2014, would step down at the end of the year. He will be succeeded by Wael Sawan, who currently heads a unit that includes the company’s lucrative liquefied natural gas business and its investments in clean energy, including wind and solar power.

Mr. van Beurden, 64, whose departure was not a surprise, has steered Shell through a turbulent time and is leaving on a high note — at least for investors in oil and gas, who are seeing record profits and payouts. Consumers, on the other hand, are fuming about paying high prices at the pump and to heat their homes as energy costs have soared in the wake of Russia’s invasion of Ukraine. 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.

New Shell CEO Is a Smart Diplomat Who Faces Historic Challenges

Sep 16th, 2022
by John Donovan.
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Bloomberg

New Shell CEO Is a Smart Diplomat Who Faces Historic Challenges

William Mathis

(Bloomberg) — Shell Plc’s next CEO is seen as natural choice who will follow the course laid out by his predecessor — straight into a series of historic challenges.

Wael Sawan, the head of gas and renewables who will take Shell’s top job on Jan. 1, will have to make good on the company’s promise to cut greenhouse gas emissions without sacrificing profits from fossil fuels. He must also navigate the political fallout from a deepening energy crisis that has put the industry’s windfall profits in the cross-hairs of European governments. 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’s new CEO: Who is Wael Sawan?

Sep 16th, 2022
by John Donovan.
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Shell’s new CEO: Who is Wael Sawan?

Pedro Goncalves: Finance Reporter, Yahoo Finance UK


Shell (SHEL.L) has tapped its head of gas and renewables as its new chief executive as Ben van Beurden departs after almost four decades at the FTSE 100 group.

Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan.

After resigning as chief executive at the end of this year, the Dutchman will continue to advise the board until next June.

A dual Lebanese-Canadian national born in Beirut, Sawan joined the company in 1997 and has previously run the company’s oil and gas projects in Qatar, its deepwater business from Houston and its upstream division. 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 boss Ben van Beurden leaves two major legacies as successor is named

Sep 16th, 2022
by John Donovan.
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skynews

Shell boss Ben van Beurden leaves two major legacies as successor is named

Sky’s Ian King looks at the achievements Ben van Beurden will leave behind and the challenges ahead for his successor at a time of turmoil for the energy sector.

Ian King: Business presenter @iankingsky: Thursday 15 September 2022 11:41, UK

Ben van Beurden, whose departure as Shell chief executive at the end of the year was confirmed on Thursday morning, leaves at least two major legacies.

The first is the blockbuster £47bn takeover, announced in April 2015, of BG Group.

The deal attracted no end of criticism at the time. There was a lot of unease, at a time when oil and gas prices were depressed, about Shell’s ability to sustain its dividend payments – which then accounted for £1 in every £9 of dividends paid by UK companies. The company was accused of over-paying for BG. 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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