Posts from ‘September, 1934’

LOST CUSTOMER: After reading in the news that workers in our Pennsylvania plant wore FORCED to sit and listen to trump you can count on me PASSING EVERY SHELL station I see. (Comment received via email)

Trump Meeting: Is the payment of workers by Shell to attend a Trump rally appropriate? How does Shell justify it? Is Shell going to pay workers to attend opposition rallies for balance? What's next payment for attending Bolsonaro rallies? (Received via email)

Coersion: Saw news on Shell's practice of coercing union employees into attending a campaign rally with Trump. I used to fill up with Shell gasoline. Will no longer purchase anything from Shell or anything that is in anyway obviously associated with Royal Dutch Shell (Posted comment was received by email)

Bonus Group: Bonus Group has previously mentioned John de Lange, once upon a time VP Well Engineering and Operations BG Brasil, last heard of kicking his heels in Chad as VP Operations for Glencore E&P (Canada) Inc before he fell foul of jackals and going to ground. This very wealthy man by his own admission now finds himself literally in hot water, or more precisely as a director of Geothermie Groep Nederland B.V. This is probably the best outcome for the oil and gas industry as his competency and motives were questionable at best.

USA USA USA: John, thanks for posting the article on the Trump visit to Penn Chem. Most insiders don't think Shell will really want that kind of connection to Trump. But if he asks to come with the EPA administrator and DOE Minister, what can you do, but say yes? Saying no would have resulted in a backlash for sure. Makes it difficult to stay politically neutral. Shell still wants to play both sides on the US agenda, and win regardless of the outcome. This is more troubling for many, as it shows the messaging in EU is low carbon future, in the USA its drill baby drill. It makes your point on culture, that some still seem to doubt.

USA USA USA: it was very interesting to see Shell host President Trump at Penn Chem for Energy Speech that turned into a campaign rally. More interesting that he seemed to take credit for making it happen. https://pittsburgh.cbslocal.com/2019/08/13/donald-trump-in-beaver-county/ Scroll down to the middle and you can watch the full hour speech.

Mateusz: Hello, I am interested in purchasing royaldutchshellplc.com Are you interested?

REPLY BY JOHN DONOVAN

I would have taken your question more seriously if you had contacted me privately via email rather than via a public forum.

NAZI OBSESSION: What makes you think that anyone is interested in Shell's business dealings with the Germans several decades ago?

REPLY BY JOHN DONOVAN

Shell's historians must have thought someone would be interested or they would not have included dozens of pages filled with supporting evidence in "A History of Royal Dutch Shell" Volumes 1 & 2 published in 2007. Understandably, they spun the evidence in favour of their paying client, Shell. Another indication of interest is the many thousands of visitors to our new sister website shellnazihistory.com. Likewise, 17,918 blocked malicious login attempts on the new site with 1,696 blocked spam comments (by Akismet). All stats as of today, 13 July 2019. In addition to the public interest, clearly, there is evil intent towards the website. Wonder who that might be?

Bonus Group: In answer to uscitizen's post proclaiming the wonders of the acquisition of BG Group by Shell, it should be remembered that Shell had a 'fire sale' of a plethora of BG 'dross' assets in order to raise $30Bn to disguise the amount by which they had overpaid for BG Group. Sooner or later there must be another reserves recategorisation. The Brasil Asset is a prime candidate for this given that it is still staffed by ex-BG sycophants propping up the illusion. As highlighted by Bogus Group, it would seem that Knarr is the latest posthumous failure of BG Group. They were always over stating the value to the shareholders.

Bogus Group: In 2015 this prospect was given a production life of "at least 10 years"Did Shell expect such an early exit, or was this another BG Group recoverable miscalculation?https://www.upstreamonline.com/hardcopy/1805800/shell-to-pull-plug-at-knarr

uscitizen: Shell, the world’s second-largest listed oil and gas company after Exxon, cut costs heavily following its 2016 acquisition of BG Group for $53 billion and the 2014 oil crash. Despite a slow and bumpy recovery in oil prices, it reported the largest profit among its peers last year and a jump in revenue from previous years. Shell said its free cash flow - cash available for dividends and share buybacks - was set to rise to around $35 billion per year by 2025 based on a Brent crude oil price of $60 per barrel. That compares with $28-33 billion in free cash flow it expects to deliver by the end of next year. Brent is currently trading just under $61 per barrel. Shell, the world’s biggest dividend payer at $16 billion in 2018, expects to increase its dividend payouts to shareholders once it completes the $25 billion share buyback by the end of 2020 that it promised following the BG acquisition. Shell last increased its quarterly dividend in the first quarter of 2014 to $0.47 per share.

uscitizen: All of the folks bashing Shell for the BG merger, I think we can now say this has been a very good financial move. Shell has overtaken Exxon and Integrated Gas is a big reason why. I am sure there are examples where some good people got pushed out, and I hate to hear that. However, lets not pull the wool over folks eyes and say this business decision was not sound.

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