News and information on Shell Plc
The Telegraph
Once again, an American president targets UK companies to win votes
Shell and BP’s windfall profits have made them an easy target for Biden’s populism
Calling on the oil and gas industry to “stop war profiteering”, Biden said: “The oil industry has a choice. Either invest in America by lowering prices for consumers at the pump and increasing production and refining capacity. Or pay a higher tax on your excessive profits and face other restrictions.”
Financial Times: BP and Shell’s divergent tax bills highlight UK windfall flaws
David Sheppard: 1 Nov 2022
Shell’s outgoing chief executive Ben van Beurden is adamant that oil and gas companies have to “embrace” the idea of paying more tax during the energy crisis to support society’s most vulnerable. But the message did not appear to have reached the accountants at Shell’s UK arm in time for the company’s most recent results.
Shell Energy Broadband Reviews recently posted on broadband.co.uk
Reviewer Sophie Laurena: Location Wales: Date 2022-10-10
Comments
Avoid at all costs. What a disgrace of a company, we were sold this wifi as part of a deal when buying appliances from Currys. The cheapest in our post-code apparently, and feeling pressured on the spot that this was the fastest wifi in our area we stupidly agreed to shells wifi. 3 times in 7 weeks we have had to have an engineer out to “sort” the same reoccurring issue. Wifi works fine for a few days and then gets cut off down to nothing, takes over and hour to speak to somebody from customer service just to be told that you need to restart the router..lol. Very unprofessional to also be told “can you not ask a neighbor to use their wifi?” Because i work from home. First of all we pay to have our own working wifi and secondly who in the right mind even says that to a customer who should be getting what they pay for!! Awaiting for complaints team to get in touch so I can cancel and start with a better much more professional provider where i hopefully wont have to worry about my wifi being cut off an hour before i have to deliver a presentation! If i could rate them 0 stars i would.
“Shell energy is the worst company I have ever dealt with! Have nothing to do with them… ever!”
Shell Energy Broadband Reviews recently posted on broadband.co.uk
Reviewer paul: Location midlands: Date 2022-10-07
Comments
Absolutely awful. Completely messed up our switchover to them, leaving us with no internet for several days now. Spent hours on the phone to their customer service with no resolution. Avoid.
Reviewer Malcolm shepherd: Location Princess risborough: Date 2022-10-07
Shell Energy ‘Cuts off elderly people’s phone lines with no warning’
1 Nov 2022
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Appalling customer service. Cuts off elderly people’s phone lines with no warning. Sends bills late. Adds charges on to bills with no warning. Been on hold 45 min so far worst company ever. Avoid..if I could rate 0 stars I would
Date of experience: 29 October 2022
THE HERALD
Shell chief to receive compensation for loss of office
The company also said that Mr van Beurden will continue to receive his base salary until the end June next year. The London-listed Anglo-Dutch energy giant said that a pro-rated annual bonus in relation to performance year 2023 will be determined by Shell’s remuneration committee after June next year.
It said 50% of any bonus awarded will be delivered in shares which are subject to a three-year holding period that remains in force after Mr van Beurden leaves Shell’s service.Shell said the 2021 and 2022 long term incentive awards will be reduced to reflect the portion of the performance period that has elapsed to June next year.
Reuters
Shell’s outgoing CEO to get full-year salary as compensation for loss of office
The company said the outstanding payment for loss of office will be halved if van Beurden gets a paid position, excluding non-executive directorships, during the payment period.
Shell also said the Dutchman will continue to receive his base salary until June 30, 2023.
The company last month picked Wael Sawan to replace van Beurden, who is stepping down after nearly a decade at the helm and 40 years at Shell.
thenationalnews.com
Shell boss reveals regrets and pride as he steps down after decade
Ben van Beurden’s regrets were linked to financial issues in the Arctic and safety at a Dutch oilfield
Shell’s chief executive Ben van Beurden has said he regretted not acting earlier on two problems linked to the environment, as he prepares to step down after nearly a decade in charge.
Mr van Beurden said he should have acted in 2015 on data coming out of the Groningen gasfield in the Netherlands.
EXPRESS
Shell faces energy fury as £31bn bumper profits could pay for 2.1m heat pumps for Britons
New analysis has found that over the past twelve months, energy giant Shell has generated a staggering £31billion in excess profits. This has prompted fury among critics, as millions of Britons face unprecedented energy bill hikes, crippling inflation and a major cost of living crisis. Today, Shell has announced profits of £8.2billion for the third quarter of this year. The business said it made adjusted earnings of $9.5billion US dollars over the three months down from $11.5billion (£9.9billion) the quarter before. According to Global Witness, which conducted the analysis, this profit earned by the energy giant was in addition to the profits that they would make in a normal year.
BBC NEWS
Shell pays no UK windfall tax despite profits jump
The energy giant said global profits reached $9.5bn (£8.2bn) between July and September, compared to $4.2bn during the same period last year.
However, Shell said that because it had made large investments in the UK, it meant it had made no profit here.
It also does not expect to start paying windfall taxes until early next year.
The Energy Price Levy – or windfall tax – on the profits of energy firms was announced by Rishi Sunak in May, when he was chancellor. At the time he said it would raise £5bn in its first year.
Evening Standard
Shell yet to pay any extra windfall tax, bosses confirm
Finance boss Sinead Gorman told reporters on Thursday that the company had done enough over recent months to avoid the tax – which allowed companies to get tax relief in exchange for investment.
“Heavy capex (capital expenditure) has meant that we haven’t had extra tax coming through in this quarter yet,” she said.
“I do expect to see that extra tax … to happen quite early in the first quarter of 2023, but we’ll see what plays out with prices as well.”
The Telegraph
Shell in talks with Government as ministers consider new windfall tax
Oil and gas giant did not pay any tax in Britain, despite an existing windfall scheme
By Rachel Millard: 27 October 2022 • 5:48pm
Shell is in talks with the Government as ministers consider a fresh windfall tax on oil and gas companies to help fill a £35bn black hole in the public finances.
Ben van Buerden, chief executive of the oil and gas giant, said he accepted the case for higher taxes after the industry was boosted by surging fossil fuel prices following Vladimir Putin’s invasion of Ukraine.
27 Oct 2022
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Installation engineer didn’t install internet
Installation engineer turned up, didn’t connect my Internet then left. Only for me to find out, absolutely nothing had been done to set my Internet up. I had to call and try and find out what was going on, only to be left on hold for 25 minutes after talking to a team member then hung up on. Followed by an email saying I will need to reschedule. Thats definitely not ho you apologise! I won’t be giving you any money if your customer service is this atrocious for new customers, I’d hate to think what it would be like if I had any issues!
0/10, couldn’t even set my Internet up. No customer support, poor engineers and absolutely zero communication.
BBC NEWS
Shell beats forecasts as profits more than double
By Michael Race: Business reporter, BBC News: 27 Oct 2022Shell has reported profits have more than doubled between July and September helped by high oil and gas prices.
The energy giant said underlying profits reached $9.5bn (£8.2bn) in the third quarter.
That compares to $4.2bn during the same period last year though it is a slowdown from the second quarter when it announced record figures.
The invasion of Ukraine sparked oil and gas prices to rise as nations pledged to cut dependence on Russian energy.
CNBC
Oil giant Shell reveals plans to hike dividend as it reports third-quarter profit
British oil major Shell reported a third-quarter profit Thursday, but lower refining and trading revenues brought an end to its run of record quarterly earnings.
Shell posted adjusted earnings of $9.45 billion for the three months through to the end of September, meeting analyst expectations of $9.5 billion according to Refinitiv. The company posted adjusted earnings of $4.1 billion over the same period a year earlier and notched a whopping $11.5 billion for the second quarter of 2022.
The chief executive of Shell had himself called on the government to tax oil and gas companies in order to protect the poorest people in society from soaring energy costs.
skynews
Energy company Shell reports profits of $9.5bn for Q3 of 2022 but not at record levels seen in first half of year
Shell has reported operating profits of $9.5bn (£8.19bn) for the third quarter of this year, lower than that of the three months before but still more than double the same period in 2021.
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30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
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