Apr 2nd, 2022
by John Donovan.
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Evening Standard
Shell finance boss Jessica Uhl departs with £1 million payday
Renumeration bonanza at odds with drivers facing record petrol prices at pumps
By Mark Banham: 1st April 2022
The former chief financial officer of Shell is set to walk away with a “golden handshake” worth more than £1 million.
Jessica Uhl’s renumeration package will include a £921,000 payment for “loss of office” plus salary paid until June this year and an as yet to be decided annual bonus. In addition, she will continue to receive pension payments and medical benefits until June despite officially stepping down yesterday.
Mar 3rd, 2022
by John Donovan.
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Evening Standard
Shell finance chief Jessica Uhl quits after oil supermajor’s move to London
Jessica Uhl cites ‘family reasons’ as she steps down
The respected finance chief who oversaw Shell’s historic relocation to London is leaving the company after almost two decades, having decided moving her own family to the UK long-term is “not sustainable”.
Mother-of-three Jessica Uhl, who has held finance roles in London, Houston and The Hague since joining the oil super-major from Enron in 2004, will step down as CFO on March 31.
Uhl will be replaced by Sinead Gorman, a civil engineer by background who joined Shell in 1999 and steps up from her role as head of finance of its global upstream business. She will be based in London full-time.read more
LONDON, March 01, 2022 — Shell plc (“Shell”) today announced the appointment of Sinead Gorman as chief financial officer (CFO), effective April 1, 2022. She will become a member of both Shell’s Executive Committee and Board of Directors. After a distinguished career of 17 years with Shell, the last five years as CFO, Jessica Uhl will step down from her role on March 31, 2022. Jessica will be available to assist Sinead and the Board with transition until June 30, 2022, after which she will leave the group.read more
Nov 16th, 2021
by John Donovan.
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FORTUNE
Shell’s decision to leave the Netherlands is about keeping investors on its side in difficult times
BY KATHERINE DUNN: November 16, 2021 4:58 PM GMT
The Dutch government is scrambling to find a way to make Royal Dutch Shell remain royal and Dutch after the oil and gas giant announced Monday that it had decided to up sticks from its home in the Hague and move its headquarters to London.
The Dutch government’s eagerness to retain the giant firm is not surprising—and exactly how Dutch Prime Minister Mark Rutte and his cabinet are trying to do so says a lot about which of Shell’s stated reasons for moving is the most important one.read more
Nov 16th, 2021
by John Donovan.
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This is MONEY
Oil major switches sides: Shell’s UK move is a big plus for the City post-Brexit, says ALEX BRUMMER
By ALEX BRUMMER FOR THE DAILY MAIL
PUBLISHED:| UPDATED:
Shell’s decision to sacrifice its ‘Royal Dutch’ designation and unify its domicile in London is epoch-making.
It is a big plus for the City post-Brexit, even if there are green campaigners who will find the increased presence of an oil major in the UK a cause for disquiet.read more
Oct 6th, 2021
by John Donovan.
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FORTUNE
SHELL CFO: Jessica Uhl
It was another roller-coaster year at Shell, where Uhl has served as CFO since 2017 and played a fundamental role in the energy giant’s emissions targets and pivot toward renewable energy. In 2020, while grappling with a historic drop in energy demand, Shell announced its net-zero-by-2050 emissions target, which will require the company to transform its business away from fossil fuels.
That plan has also been accelerated under pressure from a Dutch court ruling in May that demanded Shell move up its targets.read more
NEW YORK (Reuters) – Goldman Sachs Group Inc’s board of directors on Monday nominated the chief financial officer of Royal Dutch Shell plc to become its newest member.
FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray
If her appointment is approved by shareholders, Jessica Uhl will be the fifth woman director on Goldman’s board and its only member to come from the fossil fuel industry.
The bank has backed away from fossil fuel development in recent years.read more
by Bloomberg: Laura Hurst Thursday, February 11, 2021
(Bloomberg) — Royal Dutch Shell Plc will not raise salaries for most of its employees this year, according to people with knowledge of the matter, as it looks to save cash amid an overhaul of the company.
In a note to staff, Chief Executive Officer Ben van Beurden wrote that while the company had previously told employees to have low expectations for salary increases, most wouldn’t get a salary increase this year.
Shell is starting one of the biggest reorganizations in its history as it pivots from a century-long structure that prioritized oil and gas production. There will be as many as 9,000 job losses over the next two years, with cuts already announced in The Netherlands, the U.K. and Malaysia. A second round of voluntary redundancies is also underway, Van Beurden said last week.read more
(Reuters) – Royal Dutch Shell RDSa.L said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.
The shutdown, to occur this month, comes after Shell failed to find a buyer.
The refinery is the ninth in North America either to announce a shutdown or to be idled since the pandemic, which has delivered a heavy blow to fuel demand globally. The United States is the world’s largest fuel consumer.read more
It’s been a horrible earnings season for most top oil and gas companies. Oil supermajors ExxonMobil, Chevron, and all did worse than expected in Q2 2020 as low oil prices forced drastic spending cuts and the coronavirus pandemic destroyed demand.
Bucking the trend was Royal Dutch Shell (NYSE:RDS.A)(NYSE:RDS.B), which managed to squeak out an adjusted profit of $0.16 per share, versus analysts’ expectations of a $0.31-per-share loss. As surprising as it was to see a profit — even on an adjusted basis — out of the oil industry, even Shell couldn’t pump oil profitably in Q2. Instead, it made money another way.read more
Royal Dutch Shell said it will be well placed to boost shareholder payouts once the oil market recovers as it sought to appease investors after last month’s surprise dividend cut.
Shell broke with industry convention playbook when oil’s collapse forced it to slash payouts. For decades, Big Oil had used its hefty balance sheet to borrow money when needed and keep investors sweet until the next upward cycle. But 2020’s unprecedented market rout has seen several major players – including Exxon Mobil and Equinor – freeze or reduce dividends.read more
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.
The company also said it would defer projects for as long as possible, including in the UK North Sea, but that developments could eventually run the risk of cancellation.
Tens of thousands of jobs are being shed throughout the oil and gas industry due to the collapse in crude prices.
Oil and Gas UK said up to 30,000 jobs could be lost in the sector it represents in the next 12-18 months unless drastic action is taken to support employers.read more
Royal Dutch Shell is under pressure to repay its investors’ patience this week by beginning a bumper $25bn (£19bn) share buy-back plan. The oil giant issued shares to existing investors instead of paying out dividends when oil prices were low as it sought to hang on to cash. As the crude market has recovered, Royal Dutch Shell has so far prioritised debt reduction over repurchasing the dividend scrips. But expectations are high that its quarterly report on Thursday could signal the start of buy-backs. FULL ARTICLEread more
ROYAL Dutch Shell finance chief Jessica Uhl has hailed a big increase in profitability in the North Sea and underlined the oil and gas giant’s commitment to the area. As Shell posted a 42% increase in first quarter profits to $5.3bn (£3.8bn) from $3.8bn, helped by the rise in oil and gas prices, Ms Uhl indicated the North Sea has played a big part in the growth story. “We’re seeing a really fantastic performance from our assets in the North Sea,” she told reporters.FULL ARTICLEread more
Management thinks the things it has done in recent years will set it up to deliver huge returns for shareholders.
Tyler Crowe (TMFDirtyBird) Mar 19, 2018 It’s hard for a $250-billion-plus business to change its stripes, butRoyal Dutch Shell’s(NYSE:RDS-A)(NYSE:RDS-B) has done a rather incredible job over the past few years transforming the company into one of the most compelling investments in the integrated oil and gas industry.
Now that Shell has weathered the storm of low oil prices and is back to generating returns, management has plans both within and without the oil industry to preserve what it calls a “world-class investment case.” Here are several quotes from the company’s most recent earnings conference call that highlight some of the efforts Shell is taking to both grow the business and make the stock a better investment.read more
Listen and read proof in audio and transcript form of Shell CEO Ben van Beurden’s cover-up tactics in the OPL 245 Nigerian corruption scandal. The instruction given by him in the covertly recorded call to CFO Simon Henry was at odds with Shell’s claimed core business principles. Cover-up and obstruction, instead of transparency and integrity, says Shell critic John Donovan
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON. EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
JOHN DONOVAN TV DOCUMENTARY INTERVIEW
SHELL EXECUTIVES AT THE CENTER OF A SCHEME TO STEAL $1.3 BILLION FROM NIGERIA’S PEOPLE
SHELL ADMITS DEALING WITH NIGERIAN MONEY LAUNDERER – BBC NEWS
SHELL, ENI AND NIGERIAN OFFICIALS IN OPL 245 CORRUPTION SCANDAL
INVESTIGATION OF OPL 245 NIGERIAN OIL CORRUPTION SCANDAL
DUTCH EARTHQUAKES CAUSED BY SHELL/EXXON
SHELL KILLS FOR OIL IN NIGERIA
ESTHER KIOBEL: EVIL OIL GIANT SHELL COLLUDED IN THE EXECUTION OF MY INNOCENT HUSBAND
SHELL LIED ABOUT CLEANING UP OIL IN NIGER DELTA
SHELL SPIES INFILTRATED NIGERIAN GOVERNMENT
LEGO DROPS SHELL OVER GREENPEACE OIL SPILL VIDEO
SHELL ARCTIC DRILLING ACCIDENTS
SHELL KNEW ABOUT CLIMATE CHANGE DECADES AGO
ROYAL DUTCH SHELL FOUNDER SIR HENRI DETERDING, NAZI FINANCIER
JOHN DONOVAN PROMOTIONAL GAMES FOR SHELL AND OTHER CLIENTS
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