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Posts under ‘Daily Mail’

Shell’s UK corporation tax bill tumbles

Extracts from an article by ROB DAVIES published 9 April 2014 by This is under the headline: “Shell’s UK corporation tax bill tumbles by nearly 90 per cent as company invests more in North Sea and production declines” Shell’s UK corporation tax bill tumbled by nearly 90 per cent to just £55.5m last year, […]

Shell Oil Boss Marvin Odum Should Resign after Alaskan Debacle

Now we have further confirmation that Shell was trying to dodge a multimillion tax bill. This time confirmation comes from the findings of an investigation by the Coast Guard division of US Homeland Security. There are going to be more Royal Dutch Shell executives looking for alternative employment… And Marvin Odum, Shell’s boss in the […]

Ben Van Beurden’s plans overshadowed by Peter Voser’s £22m pay deal

Extracts from an article by ROB DAVIES published on 14 March 2014 by The Daily Mail newspaper under the headline: “Shell boss Ben Van Beurden’s plans for the company are overshadowed by former boss Peter Voser’s £22m pay deal” Shell boss Ben van Beurden’s grand plan to spruce up the oil giant has been overshadowed […]

Shell puts Arctic drilling plans on ice as it posts first profit warning in a decade

 …van Beurden warned that the pain may not be over, saying it was possible that Shell would make new writedowns on its North American operations. The US was among the factors that dented this year’s performance, as Shell continued to feel the effects of a shale gas glut that has sent prices tumbling. Its North […]

Shell set to round off bad year with disappointing fourth quarter profits

By Daily Mail Reporter Monday 27 January 2014 Shell is this week expected to round off a disappointing year with lacklustre fourth-quarter profits. The Anglo-Dutch oil giant issued a profit warning earlier this month, saying it was likely to record a lower-than-expected £1.8billion profit for the final three months of the year. That sets the […]

Energy giants battle to pump profits

At 55, Van Beurden, who replaced Peter Voser earlier this month, is a 30-year veteran at Shell where his career has mainly been focused on managing downstream businesses such as refining and chemicals. This week, as he announces full-year earnings, City analysts expect him to unveil details of a potential $15bn to $30bn (£9.1bn to […]

In defence of Ben van Beurden

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. By John Donovan Shell […]

Shell issues surprise profit warning as new boss Ben van Beurden admits recent performance ‘not what I expect’ from oil giant

‘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 […]

Shell boss Peter Voser set to earn £16m

Shell boss Peter Voser set to earn £16m as he steps down from oil giant to enjoy ‘change in lifestyle’ PUBLISHED: 22:26, 2 January 2014  Departing Shell boss Peter Voser stands to earn around £16million from his last 15 months running the oil giant and a series of bonus schemes due to pay out after […]

Shell ‘is getting far too Dutch’

A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts. He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. The oil giant […]

Shell abandons £12bn plan to turn gas into jet fuel in the US

He boasted that the project showed ‘there’s no better place in the world for major business investment’. But, without warning, last night it pulled the project. By Peter Campbell: PUBLISHED: 6 December 2013 Shell last night pulled the plug on a £12billion scheme to turn gas into jet fuel – and ruled out doing any […]

Shell vows to pursue controversial Arctic drilling plans

By Bob Davies: 1 November 2013 Shell vowed to press on with its controversial Arctic drilling plans, despite a warning that charges linked to the project would weigh on its already weak profits. Pre-tax earnings slipped by 31 per cent to £2.65billion in the third quarter, amid rock bottom refining margins and a fresh charge […]

Oil giants BP and Shell set for slump in profits

Rival Royal Dutch Shell puts out its third-quarter numbers on Thursday, with analysts at Deutsche Bank warning that they are viewing the update with ‘continuing trepidation’ after a disappointing second quarter.  PUBLISHED: 21:37, 27 October 2013 | UPDATED: 08:03, 28 October 2013 BP will this week raise its estimate of how much the 2010 Gulf […]

Yes, Putin’s a brute, but it’s Greenpeace who are the biggest menace to our future

Of course, Greenpeace would never stoop to blackening the name of its opponents, would it? Or exaggerating? Or even making things up — all in the noble cause of ‘saving the planet’? By Dominic Lawson: PUBLISHED: 23:01, 13 October 2013 Greenpeace, the world’s biggest and most battle-hardened environmental campaigning organisation, is in a state of […]