Shell Oil Reserves Scandal

Shell Exec sick and tired about lying…

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A story of billions—of barrels, of dollars, and of lies.

A story of how one of the most powerful oil companies on Earth, Shell, got caught inflating its most precious asset: oil reserves.

Because in the oil business, reserves aren’t just numbers.

They are everything.

They represent future profits, shareholder confidence, executive bonuses.

They are the oil industry’s currency of credibility.

And Shell? Shell cooked the books.

In January 2004, Shell shocked the financial world by slashing its previously declared “proven” reserves by nearly 4 billion barrels—around 20% of what it had claimed. read more

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

How a gripe website kicked the world’s greediest oil giant where it hurts

Sep 6th, 2025

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How a gripe website kicked the world’s greediest oil giant where it hurts: the Donovan playbook that helped expose Shell’s 2004 reserves fraud

Royal Dutch Shell’s 2004 reserves scandal was not just a numbers fiasco; it was a morality play in hard hats. Shell—ultimate sin stock and serial planet-frier—admitted it had been boasting about barrels it didn’t actually have. Regulators pounced, executives walked (some under escort), investors sued worldwide, and a pesky website run by John Donovan became an improbable clearinghouse for witnesses, whistleblowers, and the lead shareholder who fronted a global class action.

The fraud in one line (Shell’s own regulators said it)

The U.S. Securities and Exchange Commission put it starkly: Shell overstated proved reserves “by 4.47 billion barrels of oil equivalent, or approximately 23%.” Shell paid a $120 million civil penalty to settle. That’s not commentary, that’s the government. read more

Shell, Spies and the Church: Public Enemy Number 1 in the Pews of Power

Sep 5th, 2025

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UPDATED 6 Sept 2025

When oil, espionage, and institutional sanctity collide, you get more than corporate intrigue—you get disaster dressed as business. This isn’t a Bond novel. This is Shell—deploying spies, dodging accountability, and leaving death and pollution in its wake. And Amnesty International reminds us: Shell can divest, but it can’t wash away its crimes.

1. The Church, the Fax, and Hakluyt’s Grip

In 2004, a letter Shell critic Alfred Donovan faxed to Hakluyt & Companyco-founder Christopher James (a private intelligence firm founded by MI6 veterans) mysteriously turned up on the desk of a surprised lawyer at the Church of England’s Legal Office. read more

On Thin Ice: Every Risk, Trap, and Power Play on the Trump–Putin Flight Path to Alaska

Aug 15th, 2025

by admin.

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1. Environmental & Logistical Risks

Severe Weather — Alaska’s late summer can still serve up high winds, turbulence, and sudden storms, which could delay or reroute flights.
Remote Geography — Vast stretches of wilderness make emergency landings difficult; search-and-rescue logistics are challenging.
Air Traffic Complexity — VIP flights mean temporary flight restrictions, but military and commercial routes could still create airspace conflicts.

2. Third-Party “Foul Play” Threats

Terrorist Targeting — Though no credible public threats are reported, high-profile political events are inherently attractive to extremist actors. read more

The Shell reserves scandal: A deep dive into corporate deception

Aug 13th, 2025

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Imagine a world where the most valuable asset of a global powerhouse wasn’t real. This was the reality of Shell’s reserves scandal, a story of inflated oil reserves, executive resignations, and a company brought to its knees by its own ambition and deceit.

Shell, one of the world’s leading oil and gas companies, confessed to a bombshell revelation: it had overstated its “proven” oil and gas reserves by a staggering 3.9 billion barrels, approximately 20% of its previously declared holdings. read more

Shell: Public Enemy Number 1 – A Love Letter to Greed, Lies, and Pollution

Aug 12th, 2025

by admin.

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If evil needed a mascot, it would look suspiciously like a giant yellow shell. Forget SPECTRE and SMERSH—those were fiction. Shell’s record of villainy is all too real.

This is the story of an oil giant who funded Nazis, tested carcinogens on their own employees, and still have the gall to tell you they care about “net zero.”

From the Third Reich to Today: Same Script, Different Lies

Shell’s rap sheet starts early: during WWII, Shell effectively sacrificed its own Dutch employees to maintain ties with Nazi Germany, prioritising profits over human lives. Fast-forward a few decades and the playbook hasn’t changed—they’re still perfectly happy to gamble with lives, only now it’s under the glossy cover of corporate social responsibility. read more

When Shell Met BP – A Love Story Fueled by Oil, Lies, and a $120 Million Fine

Jul 9th, 2025

by John Donovan.

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“And speaking of Shell’s finest: enter Simon Henry, Shell’s former CFO and now newly appointed BP board member. A man intimately connected to the hydrocarbon reserves scandal.”

Ah, Shell and BP. Britain’s answer to “Which fossil-fueled supervillain do you prefer?” Now there’s murmuring that Shell—the world’s leading oil-slicked PR machine and gold-medal winner in the Deadliest Workplace Olympics—might consider buying BP, its slightly less polished cousin. It’s like Dracula pondering whether to adopt Frankenstein.

But before we get too sentimental, let’s remember what Shell brings to the table:

A glorious history of employee care, like handing Dutch staff over to the Nazis during WWII, and later using workers as test subjects for carcinogenic chemicals. Experimental cruelty disguised as corporate efficiency.
A North Sea platform scandal so outrageous it could be a Monty Python sketch, were it not for the dead offshore workers. Lifeboats were reportedly unseaworthy, and Shell’s internal policy was colloquially dubbed “Touch Fuck All.” Charming.
The 2004 reserves scandal, where Shell admitted it had wildly exaggerated its hydrocarbon reserves. Shareholders were shocked. The SEC fined Shell $120 million, which the company could pay using just one of its greenwashing budgets.
Nigeria, where Shell’s legacy is so soaked in blood, corruption, and environmental devastation that it makes the Exxon Valdez spill look like a spilt milkshake.
Hakluyt, Shell’s in-house intelligence firm. If MI6 and Blackwater had a baby who hated Greenpeace, it’d be Hakluyt. This covert unit reportedly spied on activists, journalists, and anyone else who dared whisper the truth.
Let’s not forget Shell’s ties to the apartheid regime, its cameo in the Al-Yamamah BAE oil-for-arms scandal, and its incestuous intelligence links through Hakluyt.
And then there’s SPECTRE and SMERSH… oh wait, those are fictional. Shell isn’t. It’s worse.

Investors like BlackRock and Vanguard still happily line their pockets from Shell’s sludge-soaked profits. Because what’s a little ecological genocide when there are dividends to collect? read more

Irina Woodhead: The Whistleblower Shell Couldn’t Silence

Apr 3rd, 2025

by admin.

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Shell Games: Oil Slicks, Exploding Death Boats, and the Whistleblower They’d Rather You Forget

Here we go again. Shell—the ethical oil behemoth that brought you climate chaos, fiery floating gas factories, and ocean-wide slicks the size of small countries—is under fire once more. And what do you know? It’s not just a fluke or a rogue pipe. It’s a pattern. A very expensive, very dangerous, and very preventable pattern of catastrophic negligence—and the people trying to stop it keep getting burned. Literally and professionally.

The Bonga Spill: “Oops” Doesn’t Quite Cover It

Let’s rewind to December 2011. Off the coast of Nigeria, Shell’s pride and joy, the Bonga FPSO (Floating Production Storage and Offloading vessel), decided it was time to vomit 40,000 barrels of crude oil into the Atlantic. Over 685 square miles of shimmering disaster followed, making it one of Nigeria’s worst spills in a decade. Shell took hours to stop the leak after their crew noticed that more oil was disappearing than arriving. Genius. read more

Shell’s Petrochemical Wonderland: Where Headaches and Noxious Fumes Are on the House!

Sep 7th, 2024

by John Donovan.

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…the Pennsylvania Department of Environmental Protection (DEP) has received an avalanche of calls from other residents who are tired of headaches, choking fumes, and lights so bright they could signal aliens from space.

Posted by John Donovan: 7 Sept 2024

Shell is back at it again—this time, delighting the residents of Monaca, Pennsylvania, with the gift of “noxious odors” and toxic dust wafting in from their well-maintained petrochemical plant. Nothing says “neighborly” like a little ethane cracker plant next door, churning out ethylene for plastics, resins, and whatever else Shell can sell, all while making life hell for those within sniffing distance.

In a lawsuit filed by Flynn, a local resident, it seems Shell’s operation has turned the neighborhood into a dystopian nightmare of foul smells, migraine-inducing noise, and flaring lights that rival a Vegas casino—except, here, the jackpot is pollution. According to the amended 20-page complaint, Shell has been about as good at controlling emissions as they are at pretending to care about the environment. The suit claims that since the Monaca plant opened in 2019, it’s been a festival of failures, with Shell regularly releasing clouds of contaminant-laced gases into the air. Neighbors have had to suffer through “odiferous” smells so bad they make the garbage dump down the road smell like a lavender field. read more

Ask Sheldon: Which Shell shareholders have already sold their holdings in the polluting oil giant?

Aug 17th, 2024

by John Donovan.

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Sheldon

Hi! How can I help you?

Q: Which Shell shareholders have already sold their holdings in the polluting oil giant?

Sheldon’s Answer

It appears that leading institutions and ethical funds have been quite active in selling off their shares in Shell due to growing concerns over the company’s environmental practices. Notably, Investec Henderson Crosthwaite and Morley Fund Management were two prominent fund managers that completely abandoned their Shell holdings. Their decision was influenced by significant worries regarding Shell’s handling of environmental issues, particularly in Africa and the United States, as well as the infamous scandal surrounding the recategorization of 4.47 billion barrels of reserves. read more

20th Anniversary of one of Shell’s biggest scandals

Jun 12th, 2024

by John Donovan.

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2004: The oil giant was heavily fined for overstating its reserves in a securities fraud. Shell chairman Sir Philip Watts was forced to resign. He was escorted in disgrace from the Shell Centre by Security guards. He became a very rich vicar.

READABLE VERSION

Chaos within the operations team of Shell Pensions Trustees office

May 24th, 2024

by John Donovan.

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Lightning never strikes Twice?

Always a pleasure to see Tim Morrison, now a Shell retiree, leading from the in front in the 2023 Shell Pensions video. Tim was Shell Group Controller – an oxymoron? – during the Reserves scandal in 2004 – 2005. Surviving that, he now Chairs the Shell Pension Trust, based in London.

Other contributors have shared views on how badly the Shell Pension Trust is managed and how poorly Shell has treated its pensioners during the recent period of excess inflation at the time of concurrent excess profits. What current employees and recent retirees may also want to know is the chaos within the operations team of Pensions Trustees office during the last few years. read more

Another departing Shell leader seeking redemption?

Oct 16th, 2022

by John Donovan.

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Another departing Shell leader seeking redemption?

By John Donovan

Departing Shell Plc CEO Ben van Beurden seems to be seeking redemption in his closing period with the energy giant.

THE GRONINGEN SCANDAL

BvB now admits that Shell should have pulled out of the controversial earthquake-blighted Groningen project operated by NAM – a Shell-Exxon joint venture company.

According to Reuters: “A damning report in 2015 from the independent Dutch Safety Board had accused the government and the field’s operators of ignoring the threat of earthquakes linked to the field for years.”

As regular visitors to this website know, we have been drawing attention to the Groningen scandal for many years. Thousands of properties have been damaged. As a consequence, Dutch prosecutors are pursuing litigation against NAM. Tens of thousands of Groningen residents are eligible for compensation for earthquake damage. read more

MORE INFORMATION THAN ANYWHERE ELSE ON THE PLANET ABOUT THE ROYAL DUTCH SHELL RESERVES SCANDAL

May 21st, 2021

by John Donovan.

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ACCESS TO MORE INFORMATION THAN ANYWHERE ELSE ON THE PLANET ABOUT THE ROYAL DUTCH SHELL RESERVES SCANDAL / FRAUD

By John Donovan

Royal Dutch Shell Group Chairman Sir Philip Watts, was forced to resign as a result of the fraudulent over-statement of claimed hydrocarbon reserves.

Sir Philip subsequently became a very rich vicar, after a payoff package from Shell worth nearly $20 million to buy his silence.

Link to a John Donovan file containing extensive news coverage.

THE ROYAL DUTCH SHELL RESERVES FRAUD UNFOLDS IN NEWS HEADLINES

Daily Telegraph: Shell drops ‘bombshell’ on reserves: 9 January 2004
The Times: How Shell blew a hole in a 100-year reputation: 10 January 2004
The West Australian: Investors howl for Shell’s blood: 12 January 2004
London Evening Standard: Shell bosses lied to the City: 19 April 2004
(Former executives, led by ex-chairman Sir Philip Watts, admitted they had repeatedly lied to investors about the true level of Shell’s oil and gas reserves.)
Houston Chronicle: ‘Sick and tired about lying’ at Shell: 19 April 2004
Bloomberg: Shell Loses AAA Credit Rating: 19 April 2004
Shell bosses ‘fooled the market’: 19 April 2004
The Guardian: Trail of emails reveals depths of deceit at the heart of Shell: 20 April 2004
The Guardian: Shell admits it misled investors: 20 April 2004
The Independent: Lies, cover-ups, fat cats and an oil giant in crisis: 20 April 2004
The Scotsman: Shell admits reserve ‘lies’: 20 April 2004
The Scotsman: Shell implodes as e-mails provide damning evidence: 20 April 2004
The Times: Deceitful Shell ‘needs ten years’ to rebuild exploration business: 20 April 2004
Financial Times: Observer Column: Shell-shocked: Corporate slogans consigned to the dustbin of history no. 94: “You can be sure of Shell.”: 20 April 2004
Minneapolis Star Tribune: Dutch/Shell Group exec was ‘sick and tired’ of lying: 20 April 2004
Daily Telegraph: Memos expose Shell’s years of lying: 8 May 2004
The Scotsman: Shell’s reputation left in tatters: 21 April 2004
TheStarOnline: Shell report exposes lies, CFO sacked: 21 April 2004
Daily Telegraph: Shell suffers second cut to credit rating: 21 April 2004
Daily Telegraph: Sacked Shell boss ‘escorted from HQ’: 22 April 2004
The Times: A very British kind of scandal: why Shell is no Enron: 23 April 2004
Daily Telegraph: Shell’s lies over reserves spark FSA investigation: 24 April 2004
Times: “Shell is a disreputable company in need of a strong injection of ethics”: 25 April 2004 ”
(“An Audience with Sir Phillip Watts”)
The Mail On Sunday: Shell’s top bosses named in £8 billion lawsuit after being spared the sack: 25 April 2004
Daily Mail: Shell attacked from all sides: 26 April 2004
(OIL giant Shell urgently needs to embark on a damage limitation offensive with investors before regulatory probes and lawsuits send the crisis spiralling out of control.)
Daily Telegraph: Shell gives Watts a £1m golden farewell: 23 May 2004
Daily Telegraph: Shell slices still more off proven reserves: 25 May 2004
Daily Telegraph: Watts’ pension pot tops £10m: 28 May 2004
fin24: Shell directors under fire: 20 June 2004
Extract: “The report came just a day after Dutch paper NRC Handelsblad quoted a former executive of one of the oil group’s subsidiaries as saying half of the company’s 400 most senior managers were aware of the problem.”
London Evening Standard: Shell ‘has lied for 10 years’: 26 June 2004
Sadistic sacking of a Royal Dutch Shell whistleblower: 27 October 2010
Shell Closes Book on 2004 Reserves Scandal as Claims Deadline Passes: 5 November 2010 read more

SIR PHILIP WATTS: A BROKEN SHELL

May 26th, 2020

by John Donovan.

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By John Donovan

Royal Dutch Shell Group Chairman Sir Philip Watts, was forced to resign as a result of the fraudulent over-statement of claimed hydrocarbon reserves.

Sir Philip subsequently became a very rich vicar, after a payoff package from Shell worth nearly $20 million to buy his silence.

Link to a John Donovan file containing extensive news coverage.

RELATED COURT DOCS

Reuters: Shell’s oil and gas reserve life drops for sixth year in a row

Jan 31st, 2020

by John Donovan.

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GRAPHIC-Shell’s oil and gas reserve life drops for sixth year in a row

Reuters – UK Focus: 30 January 2020

* Shell’s reserve life drops below 8 years

* Investors have shifted focus away from reserves to profits

By Ron Bousso

LONDON, Jan 30 (Reuters) – The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight.

But there was little reaction from investors to the steady decline in what was once considered a key metric for gauging the strength of the world’s major oil and gas companies.

There is a growing perception the world holds enough oil and gas to meet demand many times over, especially against the backdrop of a gradual shift away from fossil fuels because of concerns about climate change. https://reut.rs/2GBtBvC read more

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

Extremely Slow Shell Broadband

Shell Oil Reserves Scandal

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How a gripe website kicked the world’s greediest oil giant where it hurts: the Donovan playbook that helped expose Shell’s 2004 reserves fraud

The fraud in one line (Shell’s own regulators said it)

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The Church, the Fax, and Hakluyt’s Grip

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1. Environmental & Logistical Risks

2. Third-Party “Foul Play” Threats

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If evil needed a mascot, it would look suspiciously like a giant yellow shell. Forget SPECTRE and SMERSH—those were fiction. Shell’s record of villainy is all too real.

From the Third Reich to Today: Same Script, Different Lies

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“And speaking of Shell’s finest: enter Simon Henry, Shell’s former CFO and now newly appointed BP board member. A man intimately connected to the hydrocarbon reserves scandal.”

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Shell Games: Oil Slicks, Exploding Death Boats, and the Whistleblower They’d Rather You Forget

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…the Pennsylvania Department of Environmental Protection (DEP) has received an avalanche of calls from other residents who are tired of headaches, choking fumes, and lights so bright they could signal aliens from space.

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2004: The oil giant was heavily fined for overstating its reserves in a securities fraud. Shell chairman Sir Philip Watts was forced to resign. He was escorted in disgrace from the Shell Centre by Security guards. He became a very rich vicar.

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Lightning never strikes Twice?

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By John Donovan

Departing Shell Plc CEO Ben van Beurden seems to be seeking redemption in his closing period with the energy giant.

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THE ROYAL DUTCH SHELL RESERVES FRAUD UNFOLDS IN NEWS HEADLINES

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GRAPHIC-Shell’s oil and gas reserve life drops for sixth year in a row

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30 November 2023: Posted by John Donovan

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