News and information on Royal Dutch Shell Plc.
BP and Shell’s (RDSa.L) core upstream oil and gas production units will lead the profit collapse, mainly due to lower oil prices, but Shell is also forecast to suffer from a 3.8 percent fall in production to 3.39 million barrels of oil equivalent per day (boepd).
Click to continue reading “Shell and BP profits to crash on cheaper oil”
Royal Dutch Shell, parent of Shell Canada, also reports Thursday. In a recently written fourth-quarter preview entitled, “2008 Ends On A Very Ugly Note,”UBS analyst Andrew Potter concludes: “Given the massive rout in commodity prices and crack (refining) spreads that occurred during the quarter, Q4 financial results will be the worst in several years.”
Click to continue reading “More earnings carnage expected from oilpatch”
Total’s oil and gas production was 2.231 million barrels of oil equivalent a day in the quarter, compared with 2.352 million barrels a day in the year-earlier period and 2.353 million barrels in the previous quarter. European competitors Royal Dutch Shell Plc and BP Plc last week reported increases in dollar-denominated profit of 22 percent and 83 percent, respectively.
Click to continue reading “Total Adjusted Net Rises 36% on Record Crude Prices (Update1)”
Rocketing profits reported this week by oil giants Royal Dutch Shell and BP have been met with anger and incredulity around the globe.
Click to continue reading “Oil giants keep on raking in the profits”
“We are watching the world economic situation carefully,” the Royal Dutch Shell chief executive blurted over the speakers on his third-quarter conference call. “We are steering the Shell ship in rough waters,” he added, even though $147 US per barrel oil in July translated into a $10.9 billion profit.
Click to continue reading “We are steering the Shell ship in rough waters”
Despite the better than expected figures, Royal Dutch Shell shares fell more than 3%, in part because of lower than expected production.
Click to continue reading “Shell and Exxon join the profits bonanza”
Royal Dutch Shell’s third-quarter profits ballooned by 71 per cent to $10.9bn (£6.7bn), the company said yesterday, reigniting outrage that energy companies are cashing in while inflated oil prices punish consumers.
Click to continue reading “Shell’s $10.6bn profits fuel windfall tax calls”
Along with the rest of the market, Shell’s share price has nosedived recently. Nevertheless, investors scouting for value in beaten-up blue chips could do worse than take a second look at this FTSE stalwart.
Click to continue reading “Whatever happens, the world still needs what Shell provides”
Even as Exxon Mobil Corp. and Royal Dutch Shell PLC reported another round of enormous profits Thursday, Shell said it will postpone the expansion of a big energy project, in a sign that plunging crude prices and high costs are raising concerns among executives of the world’s largest oil companies.
Now, under Jeroen van der Veer, the stickler for asset efficiency installed in 2004, Royal Dutch Shell has become a metronomic earnings machine, beating consensus forecasts for nine straight quarters.
: With all of this money spent on the CEP expansion, it has been built on an old electrical infrastructure. I guess no one is counting how many times you read about a "short" electrical outage at the plant. Tom Purves and the Motiva leadership know exactly why this is happening and how to fix it. They don't want to pay for it. They have been given the project and have turned it down at least twice. Meanwhile, we just keep having outages. Going ot be interesting when both refineries come down in the future.
: LondonLad: the lack of stories concerning Shell should be welcomed, if it implies that Shell are cleaning up their act, perhaps due in part to the efforts of the Donovans.
: US Observer, surely almost all (NOT all)contributors to this website have an axe to grind against Shell, particularly those who have a perception that they have been screwed by Shell in times gone by. As for Itchy Woman, she clearly has a femanistic / burn-the-bra approach to work in Shell. AND I would like to add that once again an old old article (from someone who has an axe to grind against Shell) has to be republished due to lack of news against Shell (I refer to Briggs 2009 article). COMMENT BY JOHN D. Would it not be fairer to say that everyone posting on this blog, including you, has an axe to grind. It is easy enough to look back over your contributions and reach a conclusion.
: It is easy to figure out who Witchy Woman is (LC). She has an "ax to grind" and is using this forum
: @uscitizen Voser is a competent and amicable chap. You claim Shell has delivered on its deliverables. Let me tell you everyone delivers on their deliverable.... But joking apart, look at the promises over the years and how well Shell has delivered on these promises. Their trackrecord is not very good over the last 15 years or so. They are a good money making machine. And sofar they have delivered on their constant or increasing dividend payments. Sometimes by increasing their debt but they have done it. A nice high oilprice has helped, don't you agree?? So my only observation was that his 'promise' to extend North Sea fields is quite opposite their activities in this area. And they have promised this before and done the opposite. It was a nice promise to build a new and expensive office in Aberdeen, more jobs for the UK and more activity and extending of production. Just check back what they have done. And predicting future productionlevels by Shell in general and Brinded in particular is nothing but a sick joke.
: To - an observer of Shell Shell has been delivering on its deliverables - why would you paint Voser as some one who is not??
: This was not a personal attack now was it Witchy one?? #133 Witchy woman on May 8th, 2011 at 1:42 pm Marvin Odum who probably has the worst safety record in Shell goes for a diversity vote and someone who has no safety experience to replace the VP of safety he just fired. Clear message where his priorities lie.
: Witchy Woman - you blase me for personal attacks???? That is so rich! I am defending people that are attacked if you had not noticed - and yes I do slam the folks who are throwing garbage out! Live with it!! Enjoy your retirement! Shell has a good retirement package in the US dont they??
: I feel the value of your posts is also minimal, just a complainer. PS - here is where you bash Denise - remember - or do we need to question your integrity the way folks question Shell leaders?? Witchy woman on Dec 7th, 2011 at 12:35 pm In GOM we thought that hurricane season was done. Why is Hurricane Denise causing so much damage then? Like all Hurricanes though they move on the professionals are left to pick up the pieces.
: According to the Independent article posted today the boss of Shell is telling us all not to get too emotional about fracking. Has he not seen the confirmation that fracking causes earthquakes? You have cited the Reuters article. There are others including coverage of a fracking earthquake in Blackpool England. I have to conclude that Voser is a fracking idiot.
Shell Blog RSS Feed
