News and information on Shell Plc
Posted by John Donovan 8 April 2024
In a move that has charity workers choking on their avocado toast, Shell’s new top dog, Wael Sawan, has snagged a staggering £8 million in his first year at the helm, leaving many wondering if he’s moonlighting as a magician pulling money out of thin air.
While most folks are counting pennies at the pump, Sawan is raking in the cash like it’s going out of style, leaving pressure groups frothing at the mouth faster than you can say “climate crisis.”
Posted by John Donovan: 8 April 2024
In a move that screams “Sayonara, London,” Shell is eyeing an escape to New York, leaving the UK stock market reeling and investors scratching their heads.
Wael Sawan, Shell’s big cheese, dropped the bombshell, hinting at the company’s dissatisfaction with its London listing. “I have a location that clearly seems to be undervalued,” he lamented, painting a picture of a company unappreciated and unloved.
But why the sudden urge to swap tea for coffee? Well, it seems Shell is tired of playing second fiddle to its American counterparts. With Exxon Mobil and Chevron strutting their stuff on Wall Street, Shell feels like the neglected stepchild stuck in dreary old London.
Another day, another dose of corporate greed and environmental destruction. Will these oil giants ever learn? Or will they continue to put profits over the planet?Posted by John Donovan 30 March 2024
Brace yourselves for another round of corporate shenanigans, this time starring none other than Shell, the world’s second-largest oil and gas company. In a move that surprises absolutely no one except maybe the most optimistic tree-hugger, Shell has decided to scale back its climate pledges. Saving the planet is just too darn risky for these fossil fuel titans.
Shell’s chief executive, Wael Sawan, voiced his concerns to Reuters, declaring it “perilous” to set emission reduction targets for 2035 due to the “uncertainty” in the energy transition trajectory. Translation: We’re not sure if we want to stop destroying the planet just yet, folks.
Posted by John Donovan 28 March 2024You see, carbon dioxide storage is the latest cash cow for these fossil fuel fiends, promising them billions in revenue while they continue to wreak havoc on our planet. And where better to dump their toxic waste than in countries like Indonesia and Malaysia, where regulations are lax and profits are high?
Exxon Mobil’s CEO Darren Woods is practically giddy at the prospect, boasting about securing “exclusive rights to CO2 storage” in these unsuspecting nations. Nothing says “saving the planet” like monopolizing the substance driving us towards environmental catastrophe.
“These companies have known since at least the 1950s that their ways of doing business were having calamitous effects on our planet, and rather than change what they were doing or raise the alarm, they lied to all of us.”Posted by John Donovan 27 March 2024
In a move that surprises exactly no one who’s been paying attention to the planet literally burning, Bucks County, nestled in suburban Philadelphia, has taken a bold step in joining the chorus of voices suing Big Oil for their epic saga of deception regarding climate change.
Bucks County, in its lawsuit against a handful of oil behemoths, points fingers at these corporate giants for a litany of sins, including but not limited to, more storms than a Shakespearean tragedy, flooding that would make Noah blush, and heat waves that would melt the polar ice caps faster than you can say “polar bear.” Oh, and let’s not forget the casualties—like the seven unfortunate souls who met their watery demise in a flash flood last summer, courtesy of climate change’s MVPs: oil companies.
Posted by John Donovan: 24 March 2024It seems the recent oil price rollercoaster was triggered by Russia saying “nyet” to an OPEC agreement to cut output. And just like that, the oil market went from “steady sailing” to “full-blown panic mode” faster than you can say “fossil fuels are so last century.”
Now, in a desperate attempt to keep investors from jumping ship, oil companies are scrambling to reassess their spending plans. But let’s be real here, folks—when your primary source of income is as volatile as a teenager’s mood swings, you’re bound to hit a few bumps in the road.
Posted by John Donovan: 20 March 2024
In a dazzling display of corporate doublethink, oil moguls gathered in Houston, casually shrugging off any pretence of urgency in the face of the climate crisis. Despite John F. Kerry’s victory lap at the U.N. Climate Change Conference in Dubai, declaring a monumental shift away from fossil fuels, the lords of oil in Houston had a hearty laugh. “Missed the memo, John,” they seemed to say, before diving into their Scrooge McDuck-style money vaults.
Posted by John Donovan 20 March 2024
Yes, dear readers, the energy behemoth decided that its green ambitions were just too… ambitious, scaling back its carbon reduction goal for 2030 and completely ghosting any further targets for 2035. It’s like they’re trying to win an award for “Least Effort Made by a Multinational Corporation.”
Under the visionary leadership of Wael Sawan—who apparently took the helm last year with a mission to redefine the term ‘net zero’ to mean ‘net… zero changes to our fossil fuel dependency’—Shell has rationalized its decision with the classic “but renewable energy investments aren’t happening fast enough” excuse. Meanwhile, environmental campaigners are left scratching their heads, wondering if Shell is actually just a group of oil-addicted time travelers from the 1950s.
Posted by John Donovan: 4 March 24
In the most bewildering plot twist since Darth Vader declared paternity, it turns out the big, bad oil giants are the puppeteers of some of our favourite environmental guardians. That’s right, folks! Royal Dutch Shell, the fairy godmother of the environmental realm, waved its magic wand (or, more accurately, its hefty chequebook) and helped birth the World Wildlife Fund International. And just when you thought this fairy tale couldn’t get any weirder, Shell’s former president, John Loudon, moonlighted as the WWF’s president for a spell, bringing a whole new meaning to “keeping it in the family.”
…let’s face it, entrusting the fate of our planet and our pockets to these profit-obsessed behemoths is like asking a fox to guard the henhousePosted by John Donovan: 19 Feb 24
Ladies and gents, fasten your seatbelts for a ride on the Greed Express, hosted by none other than the world’s oil oligarchs, those darlings of disaster, who’ve been making it rain with profits while the world burns (literally and metaphorically). In the blue corner, weighing in with more dollars than decency, are the heavyweights of hydrocarbons: BP, Shell, Chevron, ExxonMobil, and TotalEnergies. Together, these titans of turmoil have bagged a cool $281 billion in profits since Russia decided to play war games in Ukraine. That’s billion, with a “B,” folks.
Even the Church of England Pensions Board, known more for its hymns than its hardline stance on hydrocarbons, had already ghosted Shell over its “climate stance” last year.Posted by John Donovan: 8 Feb 24
In a move that’s as shocking as finding out water is wet, a Dutch pension fund, PFZW, has finally decided that maybe, just maybe, holding onto stocks in oil and gas behemoths like Shell, BP, and TotalEnergies isn’t the greenest idea they’ve had. So, they’ve ditched their shares in 310 oil and gas companies, a divestment spree worth around €2.8 billion, because – surprise! – these companies are about as speedy as a snail on sedatives when it comes to cutting emissions.
Posted by John Donovan: 31 Jan 24
Ladies and gentlemen, gather ’round for the latest episode of “Shell’s Green Masquerade.” While Shell has been playing the quiet game, BP’s former finance boss-turned-chief executive, Murray Auchincloss, has been hogging the spotlight. But fear not, Shell hasn’t been napping. They’ve been laser-focused on the most important thing in the universe: shareholder returns.
In a heartwarming message to analysts last June, Shell reassured everyone, “We need to continue to create profitable business models that can be scaled at pace to truly impact the de-carbonisation of the global energy system.” Translation: Let’s make money while pretending we care about the planet.
Posted by John Donovan: 28 Jan 24
These paragons of the oil industry, who call London their home, are set to reveal their financial results soon. Last year, they managed to scrape together a meagre £31 billion, according to those fortune-tellers at Refinitiv. Oh, how the mighty have fallen! This is a far cry from the £55 billion bonanza they enjoyed in 2022 when energy prices shot up faster than a geyser following Russia’s little escapade in Ukraine.
Remember the good old days of 2022? When the average Brent crude price was a robust $100 (£78) per barrel? Well, fast forward to last year, and it plummeted to a mere $82. It’s almost like the universe decided these oil moguls needed a reality check.
Posted by John Donovan 16 Jan 24
In a move that’s less ‘brave explorer’ and more ‘cautious cat’, Shell, the British oil giant, has reportedly paused its Red Sea fiesta, halting all shipments through this aquatic party zone. Why? Because the Houthi rebels from Yemen have decided to be uninvited party crashers, targeting commercial vessels on this crucial global trade route.
The Wall Street Journal spilt the tea first, citing those ever-mysterious ‘unnamed sources’. When FOX Business tried to get the lowdown from Shell’s office for the Americas, they were met with radio silence. And, in true secretive fashion, the Journal says Shell declined to comment. Talk about playing hard to get!
Posted by John Donovan: 13 Jan 2024
In a dazzling display of corporate generosity, Shell has once again claimed the throne as the monarch of pricey petrol in the UK. Their branded UK forecourts, seemingly allergic to affordability, charged an average of 142.6p per litre for petrol on Thursday. This finding, courtesy of the RAC Foundation, a motoring research charity, underscores Shell’s commitment to ensuring your wallet gets a rigorous exercise every time you refuel.
In this exclusive club of costly fuel, Shell stations are like the VIP section, with their petrol prices outshining all other major retailers. It’s as if they’re hosting a lavish party where the entry fee is just a few extra pennies per litre. But hey, who’s counting?
Now, let’s not forget about supermarket-branded fuel, the humble cousin in this fuel price family reunion. They remain the economical choice, yet the savings gap has been slimming down in recent years, like a diet plan that’s slowly losing its effectiveness.
Morrisons, however, emerges as the people’s champion in this race to the bottom (of prices, that is). Their forecourts have been crowned the most budget-friendly, charging an average of 136.9p per litre for petrol and 145.5p per litre for diesel. To put this into perspective, filling a 55-litre family petrol car at Morrisons instead of Shell saves you £3.14 – that’s almost enough for a fancy coffee!
When approached for a comment, Shell, probably busy counting their extra pennies, pointed out that prices vary for mundane reasons like buying and transporting fuel, and operating each site. They also noted that they only legally control prices at half of the Shell-branded stations in the UK. The other half are run by independent dealers who set their own prices, presumably while twirling their mustaches and laughing maniacally.
Just for kicks, here’s a ranking of fuel retailers according to the average price for a litre of petrol, as per the RAC Foundation’s findings:
So, next time you’re at a Shell station, remember you’re not just filling your tank; you’re participating in a grand tradition of paying just a little bit more for the privilege. Happy motoring!
Posted by John Donovan: 6 Jan 24
Wael Sawan, the CEO of Shell, a corporation worth a whopping $214 billion, seems to be eagerly warming the bench as he watches Exxon Mobil and Chevron have all the fun in the Permian, a hotspot for oil that’s as profitable as it is controversial. In 2024, Sawan faces a thrilling dilemma: let his U.S. rivals hog all the glory or jump back into the oil bonanza himself, turning his back on that pesky renewable energy trend.
Rewinding to 2021, when green pressures were all the rage, Sawan’s predecessor, Ben van Beurden, was coaxed into selling assets in the Permian. But fast forward to the present, where the Ukraine war has conveniently dampened Shell’s enthusiasm for reducing oil output. Sawan, playing it cool, has also slyly dropped most of those green targets, and guess what? Investors are loving it. Since Sawan took the helm in 2023, Shell’s stock has soared by 15%, leaving U.S. and European rivals eating its dust. Meanwhile, BP, which took the high road away from oil, is barely keeping pace amid its CEO-hunting saga.
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