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Posts under ‘Shell Oil Reserves Scandal’

Shell CEO’s total pay soars to $25.7 mln

Thu Mar 12, 2015 8:09am EDT (Reuters) – Royal Dutch Shell Chief Executive Ben van Beurden will earn a total 24.2 million euros ($26 million) for 2014, making him one of the highest-earning FTSE 100 bosses despite last year’s sharp fall in oil prices. Van Beurden’s total pay includes 5.6 million euros in salary, bonus […]

Shell Publishes Annual Report and Form 20-F

THE HAGUE, March 12, 2015 /PRNewswire/ – Royal Dutch Shell plc (NYSE: RDS.A) (NYSE: RDS.B) Published its Annual Report and Form 20-F for the Year Ended December 31, 2014.  The 2014 Annual Report and Form 20-F can be downloaded from http://www.shell.com/annualreport . Separately, a 2014 Strategic Report can be downloaded from http://www.shell.com/annualreport . Printed copies of […]

Scandal hit bosses of HSBC and Shell are both ordained priests!

By John Donovan I wonder if Paddy was thinking of Shell when he published this on this Facebook page? The grotesquely high “compensation packages” of the Directors of the likes of HSBC as well as being morally repugnant are also bad for business. The rewards for making it to the top are so obscene that […]

SEC continuing to scrutinise Shell’s claimed oil reserves

By John Donovan A letter emailed to Royal Dutch Shell Plc Chief Executive Officer, Ben van Beurden, on 23 Oct 2014, from the U.S. Securities & Exchange Commission, asked why Shell had omitted to supply in a Form 20-F filing, figures for Shell’s share of Kashagan proved undeveloped reserves. Shell’s partners in the much troubled Kashagan oil […]

Why A BP Shell Merger Is Not A Sensible Option

Why A BP plc (BP) Royal Dutch Shell Merger Is Not A Sensible Option Bidness Etc discusses how lower oil prices have impacted BP’s stock price, and why the merger with Royal Dutch Shell is not on the cards By: MICHEAL KAUFMAN Published: Jan 6, 2015 at 9:46 am EST Crude oil prices have declined […]

Shell must put BP out of its misery

Article by Jeremy Warner published on 4 Jan 2015 in The Sunday Telegraph Valued at nearly £140bn, Shell is today worth almost twice as much as BP. Shell must put BP out of its misery before anyone else pounces. Here’s an idea that has investment bankers drooling in anticipation, but needs to be killed off here […]

Prospects of a Shell BP merger

FROM A REGULAR CONTRIBUTOR Firstly, falls in oil price and resulting low stock prices tend to result in waves of takeovers. Examples during the low price era of the late 1990s – early 2000s: · Exxon took over Mobil · Statoil took over Saga, Norsk Hydro · Chevron took over Texaco, Unocal · Total took […]

CEO Ben van Beurden too honest to sign Shell’s Business Principles?

By John Donovan It is a year since Peter Voser left his job as Chief Executive of Royal Dutch Shell Plc to allegedly spend more time with his family. Soon after his surprise early exit, Shell announced a profits warning.  Leaving that contentious issue to one side, I am puzzled that his replacement Ben van […]

Pending Vacancy for Company Secretary of Royal Dutch Shell Plc?

APPLICATIONS INVITED FOR A PENDING VACANCY AT ROYAL DUTCH SHELL PLC FOR THE POSITION OF COMPANY SECRETARY AND GENERAL COUNSEL CORPORATE. THE VACANCY ARISES FROM THE PENDING RETIREMENT OF THE CURRENT HOLDER, MR MICHIEL BRANDJES (ABOVE).  GENEROUS SALARY, CHAUFFEUR, PRIVATE JET AND BONUS SCHEME FOR THE RIGHT PERSON. ESSENTIAL REQUIREMENTS Must have flexible integrity, a […]

Tesco overstatement debacle reminiscent of Royal Dutch Shell reserves scandal

By John Donovan Tesco admits a £250m mistake in half-year profit calculations Tesco share value has plummeted after the supermarket giant announced this morning that it had overstated its half-year profit guidance by £250m. Four senior Tesco executives, including a managing director, have been suspended. In view of what happened to Shell when it overstated its hydrocarbon […]

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering […]

Curious about the wording of Shell’s announcement of Bichsel’s departure..?

FROM A REGULAR CONTRIBUTOR  I’m curious about the wording of Shell’s announcement of Bichsel’s departure…. The announcement focusses almost entirely on Brekelmans, and simply says that Matthias Bichsel (right) is leaving after 34 years – hardly a glowing valedictory for the person who has been number two in Shell (worldwide) for the past few years. […]

John Alfred Donovan, Founder, Owner and Group Chairman, Royal Dutch Shell Plc

By John Donovan Interesting to note that my association with Royal Dutch Shell is so strong after a three decade relationship, that according to current information listed on zoom info (screenshot below), I am given credit as being the founder, owner and Group Chairman of Royal Dutch Shell Plc. Guess it was only a matter of […]

Jorma Ollila, tainted departing chairman of Royal Dutch Shell Plc

“During Ollila’s time at the helm, Shell has spent hundreds of billions on new projects and lavished generous pay deals on its executives, leading to several protest votes by big investors.” By John Donovan The Sunday Times reported on the front page of its business section on 8 June 2014 the news that Shell has […]

Oil Giant Shell Kicks Off Hunt For New Chair

Extract from a SkyNews article by its City Editor, Mark Kleinman, published Saturday 7 June 2014  Royal Dutch Shell, the biggest company on London’s stock market, has kicked off the hunt for a new chairman. Sky News has learnt that the oil giant has asked Egon Zehnder International, the executive search firm, to identify a […]

Manipulations by Shell and Exxon?

By John Donovan Shell and Standard Oil have been engaged in manipulating governments for over a hundred years. The joint self-explanatory letter Shell and Exxon sent to the US Securities & Exchange Commission on 1 May seems to have good intentions –  concerning the timetable for implementation of transparency legislation – but the past track […]

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