Posts from ‘July, 2018’

Shell, Petrobras units probed for Brazil price-fixing

RIO DE JANEIRO (Reuters) – Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday…

Shell to make final investment call on Nigeria oilfield in 2019: official read more

John Donovan in 1999

Extracts from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

Extracts from pages 150, 151 & 152

UNINTENDED CONSEQUENCES OF OPERATING UNDER THE ROYALDUTCHSHELLPLC.COM DOMAIN NAME

You would have thought that any visitor to the website would quickly realize that the site was not operated by Shell. There has always been a disclaimer pointing this out on every webpage. It should also be obvious from other content on the home page.

Nonetheless, it seems that some people still form the impression that it is the official Shell website. We receive all manner of email meant for Shell. It includes hundreds of job applications, business proposals, Shell pension enquiries, shareholder enquiries, complaints, invitations to speak at conferences, and correspondence from the Dutch Defence Ministry and the UK National Maritime Museum. read more

John Donovan (above) forced name change of worlds biggest ship hired by Shell in 2013

Allseas Shipping Billionaire Edward Heerema, the unlikely victim of scam artists, has admitted in any interview that the only time he has retreated in a battle, is when he agreed to change the name of the worlds biggest ship, originally named after his father Pieter Schelte Heerema.

As regular visitors here are aware, this website and its owner John Donovan played a major role in the campaign against the original Nazi tainted name.

It is to the credit of Edward Heerema that he reluctantly made the change despite his wish to honour a father for whom he had great admiration for his considerable engineering achievements after WW2. read more

Shell, which has its headquarters in the Netherlands, does business in more than 70 countries: TORU HANAI/REUTERS

Emily Gosden, Energy Editor: 27 July 2018

Royal Dutch Shell launched a long-awaited $25 billion share buyback plan as it sought to shrug off disappointing second-quarter results.

The Anglo-Dutch energy group insisted it had had a “very good quarter” as profits excluding exceptional items rose to $4.7 billion, up from $3.6 billion a year earlier, aided by higher oil and gas prices.

The result was significantly below analysts’ expectations of almost $6 billion, however, because of factors including foreign exchange effects and rising operating costs. read more

By Liam Denning: 26 July 2018, 18:16 BST

You oil investors are one tough crowd. I mean, what do you want, really?

On Thursday morning in Europe, Royal Dutch Shell Plc finally came around and gave the masses what they had been shouting for: a $25 billion buyback program. The masses promptly dumped the stock. On Thursday morning in America, ConocoPhillips announced a slew of forecast-beating results, having recently boosted its own buyback program by $1 billion. But it also said it was raising its full-year investment budget by $500 million. Pearls were duly clutched and “sell” buttons pushed (the stock had moved into slightly positive territory as of writing this). read more

• Oil giant Royal Dutch Shell posted a 30 percent rise in net profit in the second quarter of 2018.
• Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in at $4.69 billion.
• Shell announced a $25 billion share buyback program.

Holly Ellyatt | @HollyEllyatt: 26 July 2018

Oil giant Royal Dutch Shell posted a 30 percent increase in net profit in the second quarter of 2018 and announced a $25 billion share buyback program. Net income attributable to shareholders on a current cost of supplies (CCS) basis, used as a proxy for net profit, and excluding identified items, came in at $4.69 billion, up from $3.6 billion seen in the same quarter a year ago. The earnings fell short of an analyst consensus of $5.967 billion, however, Reuters reported. The company said the earnings “reflected increased contributions from Integrated Gas and Upstream, partly offset by lower earnings in Downstream.” FULL ARTICLE read more

By Kelly Gilblom: 26 July 2018, 07:21 BST. Updated on 26 July 2018, 08:40 BST

*Energy giant to buy back $2 billion of shares over 3 months

*Second-quarter profit misses even the lowest analyst estimate

Royal Dutch Shell Plc finally gave investors the share buybacks they’ve been demanding, even as profit fell short of expectations despite resurgent crude prices. The Anglo-Dutch energy producer said Thursday that it is starting a $25 billion share-repurchase program, initially buying up $2 billion of stock over three months. That should soothe investors who have grown increasingly anxious about when they’ll see the reward for sticking with Shell through the biggest oil-industry downturn in a generation. FULL ARTICLE read more

Jillian Ambrose: 26 JULY 2018 • 8:31AM

Royal Dutch Shell has triggered the start of a long-awaited £19bn ($25bn) share buyback scheme that will reward patient investors over the next two years.

The oil major will kick off the payday by distributing $2bn over the next three months for those shareholders who accepted shares rather than dividends during a downturn in the oil price two years ago.

As the crude market has recovered, Shell has prioritised paying down debt and selling off $30bn in assets over repurchasing the dividend scrips. read more