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Shell’s CEO Discovers a Magical New Path to Net Zero Emissions, Shares Soar!

Oct 17th, 2023
by John Donovan.
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As always, Shell is cordially invited to point out any factual inaccuracies, although we suspect they’re too busy counting their rising profits to bother.

Posted by John Donovan: 17 October 2023

Oh, what a delightful twist in the ever-entertaining saga of Shell’s environmental pursuits! Shell Plc’s CEO, Wael Sawan, has emerged as a visionary leader, unveiling a groundbreaking new approach to achieving net zero emissions. Never mind that the company’s shares are soaring to levels unseen in five years – we have a new pathway to salvation!

Sawan, the brilliant mastermind, clarified the situation with utmost confidence, saying, “For avoidance of doubt, what hasn’t changed is the destination that we have set for ourselves. What has changed is the pathway we’re going to get there.” It’s almost poetic, isn’t it? The destination remains unchanged, but the journey, oh, the journey is now filled with unprecedented twists and turns. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Brilliant Strategy: Ignoring the Environment and Riding the Oil Wave

Sep 30th, 2023
by John Donovan.
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By June, Sawan had a change of heart, and that pledge to cut oil production by 2030? Gone, like yesterday’s news.

Posted by John Donovan 30 Sept 2023

In the thrilling world of oil and gas, where environmental concerns are nothing but a pesky fly to be swatted away, Shell’s CEO, Wael Sawan, is emerging as a true visionary. While the world was distracted by lockdowns and declining industrial activity in March 2020, Shell made a bold move that left us all in awe—well, not really.

You see, in 2021, Shell made a groundbreaking announcement: they would cut their oil production by a whopping 1-2% per year until 2030 and generously toss a few investments into renewables. Naturally, some of us sceptics thought this idea was about as half-baked as a frozen pizza. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Greenwashing Smokescreen

Aug 7th, 2023
by John Donovan.
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Posted by John Donovan August 7, 2023

In a groundbreaking display of environmental commitment, Barclays is championing sustainability while funding the beloved oil giant, Shell. The masterful manipulation of “sustainable finance” initiatives has allowed Barclays to classify a $10 billion revolving credit facility for Shell as “social and environmental financing” – truly an awe-inspiring feat in the world of greenwashing.

But wait, it gets better! Barclays ingeniously counts its share of the loan towards achieving its $150 billion social and environmental financing target. Who knew that aiding a polluting behemoth could be such a philanthropic endeavour? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell prefers to ignore such trivial matters as the future of our planet

May 24th, 2023
by John Donovan.
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Posted 24 May 2023 by John Donovan

The activists stormed the meeting, shouting “Shut down Shell” as if their pleas for environmental responsibility could penetrate the thick walls of corporate greed.

Shell miraculously survives yet another feeble revolt from shareholders concerned about its “green strategy” and decides to continue its legacy of environmental destruction. As if that wasn’t enough, climate change protesters daringly stormed Shell’s annual meeting, disturbing the tranquil gathering of oil enthusiasts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell faces shareholder revolt over laughably inadequate climate change goals

May 20th, 2023
by John Donovan.
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Shell faces shareholder revolt over their laughably ‘inadequate’ climate change goals

Posted by John Donovan: 20 May 2023

Shell is bracing itself for an agonizing annual meeting next week, where it will attempt to juggle the demands for profits with the bothersome calls to address the climate crisis more forcefully.

Shell, that paragon of environmental stewardship, has drawn criticism for its outrageous earnings “bonanza” resulting from the skyrocketing oil and gas prices following Russia’s invasion of Ukraine.  read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Reports $9.6 Billion Profit, Despite Falling Oil Prices

May 4th, 2023
by John Donovan.
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THE NEW YORK TIMES

Shell Reports $9.6 Billion Profit, Despite Falling Oil Price

By Stanley Reed: Reporting from London: May 4, 2023, 6:04 a.m. E

Shell, Europe’s largest energy company, said Thursday that its profit jumped 6 percent in the first quarter to $9.6 billion, a sign that the company remains hugely profitable, even with oil prices under pressure.

The company’s earnings, adjusted for items like divestitures, were below the record of $11.5 billion set in the second quarter of 2022, but they still exceeded analysts’ forecasts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell force-fitted more than 4,000 prepayment energy meters last year while making £32bn in profits

May 4th, 2023
by John Donovan.
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Shell force-fitted more than 4,000 prepayment energy meters last year while making £32bn in profit

By Dean Kirby: Investigations Correspondent inews.co.uk

May 4, 2023 2:27 pm (Updated 5:32 pm)

Shell force-fitted more than 4,000 prepayment meters in the UK last year as the international oil and gas giant made more than £32bn in profits.

The firm on Wednesday posted additional profits of almost £7.7bn in the first quarter of this year amid soaring oil and gas prices

.It was reported in February that Shell’s overall profits had soared to £32.2bn last year – the highest in the oil and gas giant’s 115-year history – as millions of Britons struggled to pay their energy bills. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Oil giant Shell beats expectations with $9.6 billion in first-quarter profit

May 4th, 2023
by John Donovan.
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Oil giant Shell beats expectations with $9.6 billion in first-quarter profit

: CNBC

British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results after commodity prices surged in 2022 following Russia’s full-scale invasion of Ukraine.

Shell reported adjusted earnings of $9.6 billion for the first three months of the year, comfortably beating analyst expectations of $8.6 billion, according to Refinitiv.

The company posted adjusted earnings of $9.1 billion over the same period a year earlier and $9.8 billion for the final three months of 2022.

Shares of the oil major are little changed year-to-date.

Flush with cash, Shell held the rate of its share buyback program steady at $4 billion over the next three months and kept its dividend unchanged at $0.2875 per share. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Advocacy group accuses Shell of ‘greenwashing’ and misleading investors in SEC complaint

Feb 3rd, 2023
by John Donovan.
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The Washington Post

Advocacy group accuses Shell of ‘greenwashing’ and misleading investors in SEC complaint

Analysis by  with research by Vanessa Montalbano

February 1, 2023 at 8:03 a.m. EST

An advocacy group is accusing the oil giant Royal Dutch Shell of misleading investors by classifying its investments in natural gas as spending on renewable energy.

In a complaint filed today with the Securities and Exchange Commission, the group Global Witness argues that Shell’s classifications amount to “greenwashing” — the practice of portraying a business or product as more environmentally friendly than it really is. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell reports highest profits in 115 years

Feb 2nd, 2023
by John Donovan.
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BBC NEWS

Shell reports highest profits in 115 years

Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine.

By Simon Jack & Nick Edser: 2 FEB 2023

Profits hit $39.9bn (£32.2bn) in 2022, double last year’s total and the highest in its 115-year history.

Energy firms have seen record earnings since oil and gas prices jumped following the invasion of Ukraine.

It has heaped pressure on firms to pay more tax as households struggle with rising bills.

Opposition parties said Shell’s profits were “outrageous” and the government was letting energy firms “off the hook”. They also called for the planned increase in the energy price cap due in April to be scrapped. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell injects $1.5 bln into UK retail power business to help it weather volatility

Dec 8th, 2022
by John Donovan.
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REUTERS

Shell injects $1.5 bln into UK retail power business to help it weather volatility

Reuters: Ron Bousso: Dec 08, 2022

LONDON — Shell has injected nearly $1.5 billion into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.

Britain’s power utilities have been rocked by huge fluctuations in energy prices since the end of 2021 due to a shortage in natural gas supplies, which was exacerbated after Russia sharply reduced supplies to Europe following its invasion of Ukraine in February.

Shell Energy’s operating loss rose to 102.4 million pounds in 2021 from 83.6 million pounds a year earlier, according to the company’s financial results, released on Thursday.

The loss was “principally driven by market conditions. In particular, the unprecedented rise in energy prices in the latter part of 2021 adversely impacted financial performance, including increased costs as a result of supplier failures in the market and the inability to pass on higher energy costs,” according to the results filing. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell faces energy fury as £31bn bumper profits could pay for 2.1m heat pumps for Britons

Oct 28th, 2022
by John Donovan.
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EXPRESS

Shell faces energy fury as £31bn bumper profits could pay for 2.1m heat pumps for Britons

In just the third quarter of the year, UK-based energy giant Shell raked in profits of £8.2billion.

By ANTONY ASHKENAZ:

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. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell pays no UK windfall tax despite profits jump

Oct 28th, 2022
by John Donovan.
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BBC NEWS

Shell pays no UK windfall tax despite profits jump

By Michael Race: Business reporter, BBC News: 27 Oct 2022

Shell has reported its second highest quarterly profit on record but it has not paid the UK’s windfall tax on energy firms.

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. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Biden says Shell is misusing its profits by not cutting gas prices

Oct 28th, 2022
by John Donovan.
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Biden says Shell is misusing its profits by not cutting gas prices

SYRACUSE, N.Y. (Reuters) – U.S. President Joe Biden blasted Shell plc on Thursday for funneling profits to shareholders rather than lowering gas prices, after the British oil giant said it would boost its dividend and buy back shares.

Shell earlier on Thursday said its third-quarter profit was a near-record $9.45 billion, as it sharply boosted its dividend by 15% and announced plans to buy $4 billion more of stock over the next three months. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Energy giant Shell has already made £31bn in excess profits over past year

Oct 27th, 2022
by John Donovan.
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global witness

Energy giant Shell has already made £31bn in excess profits over past year

Analysis of Shell Q3 profits shows their 12 month windfall profits could pay for 12.5 million UK energy bills

27th October 2022, London – UK-based fossil fuel giant Shell has made £31 billion in excess profits over the past twelve months, while Brits have seen energy bill hikes drive an acute cost of living crisis, according to Global Witness analysis of the company’s third quarter profits reported today.

This is money Shell has made in addition to their “normal,” but already high, profits, and was spurred by high global energy prices. See notes for full methodology. It could pay for:

  • The energy bills of 12.5 million British households, or

  • Almost half of the £68 billion the government needs to help its citizens with high energy bills, or

  • Heat pumps for 2.1 million UK homes, that would protect families from energy price volatility, or

  • The energy bills of everyone on universal credit; plus emergency aid for all 19 million Yemeni’s caught in one of the world’s worst humanitarian disasters; plus emergency shelter for all of the victims of Pakistan’s climate crisis caused floods – and still leave £17.1 billion in excess profits for Shell’s shareholders. (2)

These extraordinary windfalls come as Shell announced overall adjusted earnings of $9.5 billion this quarter, a slight drop from its record last quarter, but much higher than the company has averaged in recent years. This at a time when the UK government debates how best to support its citizens through a cost-of-living crisis that could see 3 million more British people – and 30 percentage of all UK children (3) – living in poverty from next year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell beats forecasts as profits more than double

Oct 27th, 2022
by John Donovan.
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BBC NEWS

Shell beats forecasts as profits more than double

By Michael Race: Business reporter, BBC News: 27 Oct 2022

Shell 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. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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