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Posts under ‘Daily Mail’

BP and Shell urged to stop using shareholders’ money to fund libertarian lobby group

Extract from a This is Money/Daily Mail article by Rob Davies published 2 June 2014 BP and Shell have been urged to stop using shareholders’ money to fund a US lobby group that promotes looser gun laws and the teaching of climate change denial in schools. The oil firms are members of the secretive American Legislative […]

BP claimants do not have to prove losses were related to 2010 disaster

Extracts from articles published by The Daily Mail newspaper on 21st & 22nd of May 2014 BP’s bill for its Gulf of Mexico oil spill could rise by billions, after it lost an appeal to halt compensation claims it believes are unjustified. A US court refused to overturn a decision that claimants do not have to […]

Corrupt Sultan of Brunei introduces tough Islamic penal code

By John Donovan The head of the corrupt, seedy Brunei Royal Family, the Sultan of Brunei, who once accepted a $500,000 wedding gift from Royal Dutch Shell, has gone ahead with his plans to introduce a penal code that will include amputations. Extracts from a BBC News article dated 30 April 2014 Brunei will introduce […]

Shell’s UK corporation tax bill tumbles

Extracts from an article by ROB DAVIES published 9 April 2014 by This is Money.co.uk 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 […]