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Big Oil’s Profit Party: Dancing on the Graves of Global Crisis

…let’s face it, entrusting the fate of our planet and our pockets to these profit-obsessed behemoths is like asking a fox to guard the henhouse

Posted by John Donovan: 19 Feb 24

Ladies and gents, fasten your seatbelts for a ride on the Greed Express, hosted by none other than the world’s oil oligarchs, those darlings of disaster, who’ve been making it rain with profits while the world burns (literally and metaphorically). In the blue corner, weighing in with more dollars than decency, are the heavyweights of hydrocarbons: BP, Shell, Chevron, ExxonMobil, and TotalEnergies. Together, these titans of turmoil have bagged a cool $281 billion in profits since Russia decided to play war games in Ukraine. That’s billion, with a “B,” folks. 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 Job Cutting Spree

Shell’s Job Cutting Spree

Posted by John Donovan: 18 Jan 24

In a move that’s less about saving the planet and more about saving pennies, Shell Plc has kicked off a spree of job cuts. And guess what? The low-carbon solutions unit is first in line! Because who needs a greener future when you can have a leaner payroll, right?

Sources spilling the beans to Bloomberg revealed that Shell is on a mission to ‘create more value through simplification and discipline.’ Translation: ‘Let’s chop jobs to boost our bottom line.’ The low-carbon business folks are getting their marching orders first, with the corporate affairs division and project and technology departments soon to join the unemployment queue. 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 CEO Ponders Joining the Fossil Fuel Fiesta in the U.S.

Posted by John Donovan: 6 Jan 24

Wael Sawan, the CEO of Shell, a corporation worth a whopping $214 billion, seems to be eagerly warming the bench as he watches Exxon Mobil and Chevron have all the fun in the Permian, a hotspot for oil that’s as profitable as it is controversial. In 2024, Sawan faces a thrilling dilemma: let his U.S. rivals hog all the glory or jump back into the oil bonanza himself, turning his back on that pesky renewable energy trend.

Rewinding to 2021, when green pressures were all the rage, Sawan’s predecessor, Ben van Beurden, was coaxed into selling assets in the Permian. But fast forward to the present, where the Ukraine war has conveniently dampened Shell’s enthusiasm for reducing oil output. Sawan, playing it cool, has also slyly dropped most of those green targets, and guess what? Investors are loving it. Since Sawan took the helm in 2023, Shell’s stock has soared by 15%, leaving U.S. and European rivals eating its dust. Meanwhile, BP, which took the high road away from oil, is barely keeping pace amid its CEO-hunting saga. 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.

Oil Magnates Celebrate Profits With A Rain of Cash, While the World Burns

Posted by John Donovan: 2 Jan 2024

Oh, what a time to be alive in the golden age of oil! As the world gasps in horror at climate change and energy crises, our heroic oil companies – BP, Shell, Chevron, ExxonMobil, and TotalEnergies – are set to dole out a staggering $100 billion in payouts to their beloved shareholders. It’s like a fairy tale, where the rich get richer while the planet heats up!

In 2022, these noble guardians of fossil fuels blessed their shareholders with $104 billion in dividends and buybacks, according to the Institute for Energy Economics and Financial Analysis (IEEFA). All this, after a year of record-breaking profits thanks to the turmoil in energy markets. Who knew that a global crisis could be so lucrative? 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.

Whispers of a BP-Shell super merger

Posted by John Donovan: 31 October 2023

Once upon a time in a land far, far away from the reality of climate change, the noble knights of Big Oil gallantly rebranded their annual jamboree to “Energy Intelligence,” because, as we all know, changing your name changes your impact on the planet. Meanwhile, our heroes of the hour, Fossil Free London, were throwing a bit of a festive blockade party at the Intercontinental. You might’ve heard of Greta Thunberg? Yeah, she was there, got a badge of honor in the form of a public disorder charge. So large was the fiesta that Shell’s head honcho Wael Sawan had to resort to Zoom to address his oil-loving subjects. How… quaint. 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.

California is suing Big Oil, accusing them of climate change ‘deception’

Los Angeles Times

Sept 18, 2023

California is no stranger to fighting climate change with legal battles. But late last week, state officials announced a truly heavyweight match.

Atty. Gen. Rob Bonta has filed a lawsuit against five major oil companies and their trade association, alleging their involvement in “a decades-long campaign of deception and creating statewide climate change-related harms in California.”

Bonta said Exxon Mobil, Shell, Chevron, ConocoPhillips and BP — along with the American Petroleum Institute (API) — have long known “that the burning of fossil fuels leads to climate change — but have fed us lies and mistruths to further their record-breaking profits at the expense of our environment.” 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 and Friends: A Masterclass in Climate Responsibility

Posted by John Donovan 17 Sept 2023

In an act of sheer audacity, the great state of California has decided to sue some of the world’s most beloved oil and gas companies, including Exxon Mobil, Shell, Chevron, ConocoPhillips, and BP. Their audacious claim? That these companies misled the public and downplayed the teeny-tiny risks associated with fossil fuels. How dare they suggest such a thing?

This civil lawsuit, filed with a flourish in state Superior Court in San Francisco, has a unique twist: it’s not just about exposing the so-called “deceptions” of Big Oil. No, California wants a fund, and it wants the very companies it’s suing to finance it. This fund will serve as a sort of “Oops, our bad” account for when those pesky storms and fires wreak havoc. After all, it’s only fair that the companies causing climate change also foot the bill for its consequences, right? 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.

Big Oil’s Next Genius Moves to Save the Planet

Posted by John Donovan 31 August 2023

Well, aren’t we in for a treat!

It seems the world’s most environmentally-conscious buddies, our friendly neighbourhood oil giants like BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are diving deep into the influencer market. Because when you think “innovation in renewable energy,” you naturally think: “Instagram and TikTok!”

AFP has sniffed out a trend where icons of video game walkthroughs, doggo videos, and #VacationGoals are suddenly pivoting to plug gas stations and fuel rewards cards. Because, let’s be honest, who wouldn’t want a behind-the-scenes look at your favourite influencer’s exhilarating journey to the pump? 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 Bold Move: Embracing Climate-Wrecking Fossil Fuels, Doubling Down on Profit

Posted by John Donovan 15 June 2023

Shell’s new leader takes a stand against the growing green movement, making it clear that the company’s commitment to the environment takes a backseat to their insatiable thirst for profits. Wael Sawan, who assumed the role of CEO earlier this year, has sent shockwaves through the eco-conscious community by announcing Shell’s abandonment of any plans to reduce oil production until 2030.

In a brazen move, Sawan not only halted the decline of oil production but also unveiled a plan to increase natural gas volumes, further exacerbating the climate crisis. This audacious decision has understandably triggered outrage among climate activists, who accuse Shell of shamelessly prioritizing their own financial gains over the well-being of the planet.

During an investor day in New York, Shell boasted of plans to boost shareholder distributions to an astonishing 30-40% of cash flow from operations, showing no regard for the urgent need to invest in green initiatives. Furthermore, they announced a staggering £3.9 billion share buyback scheme, while slashing spending to give the illusion of a more responsible company. It’s a classic case of greenwashing in action. 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 Magnanimous CEO Embarks on Heroic Journey to Shower Oil Investors with Untold Riches

Posted 13 June 2023 by John Donovan

Prepare yourselves, mere mortals, for the grand spectacle that is about to unfold! Wael Sawan, the illustrious Chief Executive Officer of Shell Plc, has set his sights on the concrete jungle of New York City, where he will engage in a valiant effort to prove to the world that his precious oil empire is shamelessly undervalued compared to its feeble American counterparts. How noble of him!

In a highly anticipated presentation scheduled for Wednesday, 13 June, Sawan will dazzle investors with a glimpse into his master plan for the company. Brace yourselves, for his vision is nothing short of awe-inspiring: to shower shareholders with bountiful returns and close the gap in valuation with the mighty giants of the industry, such as Exxon Mobil Corp. and Chevron Corp. Surely, this Herculean task will require nothing less than unwavering devotion and a complete disregard for the planet’s well-being. 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 Doubling Down on Natural Gas, Because Who Needs a Livable Planet Anyway?

Sawan has also made it clear that any business not making enough money will be swiftly discarded. So much for their commitments to renewable energy.

Posted 12 June 2023 by John Donovan

In an awe-inspiring move, Shell Plc’s CEO Wael Sawan has unveiled an ingenious strategy that embraces the glorious future of natural gas. Who needs renewable energy when we can continue polluting and profiting, right?

Under this groundbreaking plan, Shell aims to expand its natural gas empire in key growth markets, putting profit above all else. They even have the audacity to offer higher bonuses for striking deals in China and India, because what’s a little environmental destruction compared to fattening their wallets? 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 ‘tense’ AGM where profits clash with the pesky climate

Posted by John Donovan 18 MAY 2023

Shell’s ‘tense’ AGM where obscene profits clash with the pesky climate

Prepare for the showdown of the century! Shell, the notorious oil giant known for its greed and pollution, is about to face a shareholder meeting that promises to be nothing short of acrimonious. It seems that Shell is struggling to strike a delicate balance between making obscene profits from oil and gas and dealing with a pesky minority who believe they should actually do something about climate change. How dare they? 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.

More climate change litigation against Big Oil including Shell

Friday, April 7, 2023 Contact: (916) 210-6000, [email protected]

OAKLAND — California Attorney General Bonta, as part of a coalition of 18 attorneys general, filed an amicus brief in support of the District of Columbia’s (D.C.) efforts to hold major fossil fuel-producing companies accountable for their misleading actions, that have worsened the climate crisis. In District of Columbia v. Exxon Mobil, D.C. alleges ExxonMobil, Shell, BP, and Chevron engaged in unfair and deceptive trade practices in violation of D.C.’s Consumer Protection Procedures Act, and misled the public about their harmful contributions to the climate crisis. 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.

BP and Shell could be takeover targets if Exxon and Chevron snatch opportunity for ‘industry arbitrage’ – Citi

BP and Shell could be takeover targets if Exxon and Chevron snatch opportunity for ‘industry arbitrage’ – Citi

proactiveinvestors.co.uk

Jamie Ashcroft: Wed 25 Jan 2023

BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) may find themselves at the negotiating table as American peers Exxon Mobil Corporation (NYSE:XOM) or Chevron Corporation (NYSE:CVX) could come calling, that’s the view of analysts at Citigroup.

A megamerger between either London-listed oil major and either of America’s largest oilers appears increasingly attractive, on valuation terms at least, according to the Wall Street bank. 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 could start profit slowdown as Labour pushes to expand windfall tax

CITYA.M.

Shell could start profit slowdown as Labour pushes to expand windfall tax

: MONDAY 24 OCTOBER 2022 4:13 PM

The historic profit run from oil and gas titans is expected to slow down this week, when Shell unveils its latest results.

Producers are grappling with both inflation and suppressed demand amid growing expectations of a global recession.

Shell has warned ahead of its third quarter update this week that earnings will likely be dented by a sharp hike in refining costs and weaker natural gas trading.

In an update earlier this month, it revealed indicative refining margins dropped to $15 a barrel compared with $28 a barrel in the previous three months of trading.

The energy giant will update investors on its performance this Thursday, the first in a wave of results from oil and gas giants over the coming days.

Rivals BP, Chevron, Exxon Mobil, Equinor and Saudi Aramco will also announce their results over the coming days – offering markets a flurry of data on the latest conditions in the fossil fuel sector. 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.

Governments urged to act after oil giants accused of misleading public

The Guardian

Governments urged to act after oil giants accused of misleading public

Documents suggest Shell and BP staff privately downplayed public commitments on climate crisis

Alex Lawson Energy correspondent: Fri 16 Sep 2022 16.42 BST

Campaigners have urged governments to intervene after oil companies were accused of misleading the public about their commitment to reducing carbon emissions.

Oil and gas companies including Britain’s Shell and BP were urged to “stop their deception” this week as the US House committee on oversight and reform released documents showing that oil industry executives privately downplayed their public messages on efforts to tackle the climate crisis.

The memo claimed that internal BP documents highlighted how carbon capture and storage (CCS) – a nascent technology that involves inserting CO2 emissions into underground rock formations – could “enable the full use of fossil fuels across the energy transition and beyond”.

Congressional investigators also unearthed an internal Shell email discussing carbon capture, utilisation, and storage (CCUS) in which an executive said: “We want to be careful to not talk about CCUS as prolonging the life of oil, gas or fossil fuels writ large.” 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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