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Daily Mail: Shell’s profits slump as it’s stung by tumbling oil price and ‘challenging’ economic environment

A global slump in oil prices and ‘challenging’ economic conditions have led to a slump in Royal Dutch Shell’s profits during the final quarter of last year.

The Anglo-Dutch group, which is aiming to halve is carbon emissions by 2050, saw its final quarter profits nearly slashed in half, prompting it to slow down, but not axe, its bumper $25billion share buyback scheme. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Why the Guardian will no longer accept fossil fuel advertising

For anyone who believes the world faces an urgent climate crisis, it has been quite a year. The world’s leading scientists tell us we have just twelve years to change human behaviour to avert catastrophe. Teenage climate strikers inspire millions of people, young and old, to protest against inaction, and devastating bushfires sweep across much of Australia. This is the most important challenge of our times.

Our Guardian editorial colleagues have led the world in covering the crisis with expertise and urgency. In May 2019 our editor-in-chief Katharine Viner announced that the Guardian would shift to using more urgent language to describe the climate emergency – and other news organisations have begun to follow suit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

S&P Global: Despite talk of cleaner strategy, Big Oil sticks to business as usual

Yannic Rack: 27 Jan 2020: S&P Global Market Intelligence

During the annual Oil & Money conference in London in October 2019, Ben van Beurden, who has been CEO of Royal Dutch Shell PLC since 2014, urged the oil and gas industry to step up and tackle climate change head-on. Shell and other oil and gas companies, van Beurden said, would need to help the transition to a lower-carbon world both to stay profitable and maintain their societal license to operate in the long run.

“We can, and must, evolve,” van Beurden said. At the same time, however, he emphasized another point dear to his heart — and one frequently echoed by executives at BP PLC, Total SA and other integrated majors. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OilPrice.com: Behind Closed Doors: Big Oil Talks Broader Emission Cuts

By Tsvetana Paraskova – Jan 22, 2020, 2:00 PM CST

Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products they sell to end consumers, sources with knowledge of the matter told Bloomberg.

At the World Economic Forum in Davos, where climate change and the urgency to act has taken center stage this year, the top executives of oil companies Chevron, BP, Shell, Total, and Saudi Aramco, among others,  met to discuss whether the industry should start accounting for and drafting emission reduction targets not only for their respective oil production, but also for emissions ‘at the pump’, or the emissions from the fuels they sell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The green revolution is inevitable

Nicholas Tucker, Columnist:

As the fight against climate change continues, it gets easy to view the issue as a direct two-sided conflict. It seems to be the idea of many that fossil fuel companies are trying to keep oil, coal and other nonrenewable resources, which have been the mainstay of the American power network, firmly in place at the top of energy production. However, this doesn’t seem to be the case. The real fight isn’t over whether or not the world goes green, it’s about when it does and who gets to hold or gain power in the revolutionized world that is fast-approaching. The green revolution is inevitable. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: Oil CEOs at Davos debate tougher CO2 cuts as pressure mounts

The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.

The meeting, part of a World Economic Forum dominated by climate issues, included a debate on widening the industry’s target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations, people familiar with the matter said on Wednesday. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Houston Chronicle: Climate change also poses a threat to oil’s exploration budgets, report finds

The growing threat of climate change and the evolving transition toward cleaner energy alternatives are threatening spending on traditional oil and gas exploration worldwide, according to a new report.

The largest energy companies are reducing exploration budgets and facing more pressure from shareholders to conduct more exploratory drilling around the world, even amid growing reserves of oil and gas, according to energy research firm Wood Mackenzie. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Motley Fool: Ethical investors can avoid energy stocks, but should they?

James J. McCombie | Wednesday, 22nd January, 2020

There is plenty of evidence that human activity is causing climate change and the Global Risks Report 2020 from the World Economic Forum has revealed that it is the number one long-term concern of the interviewed stakeholders.

Willingness to do more to safeguard the environment, particularly encouraging the slashing of emissions seems to be growing among the investment community.

BlackRock, a US-based global investment manager, will be offering more sustainable investment funds, and some individual investors globally are shunning the shares of polluters. Putting your capital in ‘green’ companies supports the efforts of those firms to make a difference and could mean that ‘dirty’ companies change their ways in response, or suffer if they do not change. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

OilPrice.com: Is This The End For Big Oil Dividends?

Since 2010, the five largest oil majors have spent vastly more than they have generated when including shareholder payouts. ExxonMobil, BP, Chevron, Total, and Royal Dutch Shell have dished out a combined $536 billion in dividends and share buybacks since 2010, a figure that far exceeds the $329 billion in free cash flow over the same period, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).

That comes out to a gap of $207 billion, or about 39 percent of the total that was given to shareholders. The shortfall had to be made up somehow. According to IEEFA, the oil majors bridged the gap by selling off assets and taking on debt. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

yahoo! finance:Shareholders expect oil companies to be ‘responsive’ to climate change

Sara Dramer: Associate Producer: Yahoo Finance: Jan 17, 2020

Climate change emerging as the urgent issue of the day. Last year was the second-hottest year on record and the 2010s being the warmest decade on record.

And for the first time, climate-related issues dominated the top-five likely risks over the next decade, according to the World Economic Forum’s (WEF) new annual “Global Risks Report,” which ranks the most urgent risks currently facing the globe.

One oil industry watcher says big oil companies need to adopt better climate change policies or face repercussions from shareholders. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Washington Post: We live in an age of climate disaster. Now what?

By Ishaan Tharoor with Ruby Mellen

This week, U.S. scientists confirmed what anyone who has been paying attention would probably already know. The 2010s were the hottest decade ever recorded on the planet. 2019 was the second-hottest year ever measured, and the evidence was brutally on show: We saw swaths of Greenland’s ice cap melt into the sea, heat waves blaze through northern Europe, extreme storms and floods batter vulnerable islands and coasts, and epic wildfires scorch vast drought-ridden stretches of the globe. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

investors CHRONICLE: Shell’s LNG bet looks sound despite glut

Mark Robinson

When Royal Dutch Shell (RDSB) launched its £35.6bn bid for BG Group, it was easy to appreciate the strategic rationale. At a stroke, the Anglo-Dutch energy giant not only bolstered its reserves, but also shored-up its position in a global liquefied natural gas (LNG) market which had grown rapidly since the turn of the millennium.

Shell wasn’t alone in increasing its exposure to the sector, but investors may now be questioning whether long-term prospects in gas markets warrant the massive capital allocation. A supply glut, most noticeably in the US Permian basin, weighed on gas prices last year, and there are few signs of respite as new fields in Australia and Russia come online. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Chron: ‘A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

“Investors are gradually moving away from energy stocks. A look behind the dividend payments of the leading companies helps explain why. For the core business of these companies, there is more money going out than coming in.” 

The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.

The study from the Cleveland-based Institute for Energy Economics and Financial Analysis found that the five largest Big Oil majors — Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total — spent $536 billion on shareholder dividends and stock buybacks since 2010 while bringing in just $329 billion in free cash flow. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

CityAM: Channel 4 under fire over BP Paralympics sponsorship

Sunday 12 Jan 2020

Channel 4 has come under fire from climate activists after it announced that BP will sponsor its coverage of the 2020 Paralympic Games in Tokyo.

Environmental evangelists have taken aim at the broadcaster for accepting money from the oil giant, which is one of the world’s largest contributors to fossil fuel emissions.

Read more: Boris Johnson complaint over Channel 4 melting ice sculpture rejected by Ofcom

The deal means Channel 4 will carry BP branding on its coverage of the Paralympics across live TV, online viewing and social media. Toyota is the other main sponsor of the event. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Times: BP and Shell won’t be abandoning fossil fuels any time soon.

The oil majors, particularly in Europe, are ploughing billions into green energy projects. However, their efforts to reduce emissions often look like window dressing.

Royal Dutch Shell spends about $3 billion on its low carbon and electricity businesses, which is roughly a tenth of its research and development budget.

BP said this week it hoped to create five billion-dollar green energy businesses by 2025. But many of its green initiatives are designed to prolong the life of its oil and gasfields, by boosting productivity at wells and managing carbon more efficiently. BP and Shell won’t be abandoning fossil fuels any time soon. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bloomberg: BlackRock joins $41 trillion investor climate campaign

Last year, BP agreed to report in detail on how its investments are compatible with the Paris climate agreement after shareholders supported a resolution proposed by the activist group. It has also extracted pledges from Royal Dutch Shell and commodities giant Glencore. “This announcement from BlackRock will lead to some uncomfortable shuffling in the board rooms of Big Oil…

BlackRock added its considerable heft to a group of investors that’s pressing the world biggest emitters of greenhouse gases to change their ways.

The addition of the world’s largest fund manager is a significant milestone for Climate Action 100+, bringing total assets under management by its members to more than $41 trillion. The group already has some notable victories in its campaign of engagement with corporate giants that account for more than two-thirds of global industrial emissions.

Last year, BP agreed to report in detail on how its investments are compatible with the Paris climate agreement after shareholders supported a resolution proposed by the activist group. It has also extracted pledges from Royal Dutch Shell and commodities giant Glencore. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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