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Wael Sawan

Shell’s Gas Gambit: Trading Green for Gas in the Name of Profit

Posted by John Donovan 12 July 2024

In another classic move from our favorite eco-villain, Shell has gone all-in on liquefied natural gas (LNG), trying to plug the gap left by its exit from Russia in 2022. With a series of deals, Shell’s CEO Wael Sawan is betting big on LNG, all while quietly stepping away from those pesky renewable energy projects.

Filling the Russian Void:

Shell’s new projects in the United Arab Emirates and Trinidad and Tobago, along with snapping up a hefty trading portfolio, are all part of Sawan’s master plan to boost LNG volumes by up to 20 million metric tons per year (mtpa) between 2023 and 2030. These moves help Shell recover from the 2.5 mtpa shortfall after ditching Russia’s Sakhalin LNG project, which led to a 5% dip in liquefaction volumes last year. Because nothing says resilience like swapping one geopolitical mess for another. 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 to the Rescue! Pauses Biofuel Plant, Continues Saving the World One Oil Spill at a Time

Posted by John Donovan 2 July 2024

In a move that surprised absolutely no one, Shell has decided to slam the brakes on the construction of one of Europe’s largest biofuel plants. This groundbreaking facility in Rotterdam was supposed to churn out 820,000 tonnes of biofuels a year, half of which would be sustainable aviation fuel (SAF) made from delightful waste cooking oil and animal fat. You know, the stuff that makes your fries taste great.

Airlines, who were giddy at the thought of selling “low-carbon” flights, are now left scratching their heads. But don’t worry, Shell assures us this is just a “temporary pause.” According to Huibert Vigeveno, Shell’s downstream, renewables, and energy solutions director, “Temporarily pausing on-site construction now will allow us to assess the most commercial way forward for the project.” Translation: “We’re figuring out how to make more money off this before pretending to care about the planet again.” 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 Shocked! Big Money Dumps Oil Stocks

Posted by John Donovan: 01 July 2024

In a move that’s more shocking than discovering water is wet, a growing horde of European institutional investors are ditching oil and gas stocks like they’re yesterday’s trash. The latest to jump on this bandwagon of eco-consciousness is Denmark’s largest commercial pension fund, PFA, which manages a whopping $110 billion. They’ve decided to offload their $170 million stake in Shell, citing the company’s pathetic attempt at renewable energy investment. 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 CEO’s Climate Love Letter: “It’s All Good” Says the Planet’s Top Polluter

Posted by John Donovan: 4 June 2024

In a twist straight out of a dystopian satire, Shell’s CEO Wael Sawan decided to back President Biden’s climate agenda with a level of enthusiasm typically reserved for used car salesmen and snake oil peddlers.

At an event hosted by the Center for Strategic and International Studies, Sawan showered praise on Biden’s bipartisan infrastructure law and Inflation Reduction Act, claiming they’re “attracting a significant amount of capital in different states, whether it’s a red or blue state.” Oh, how inclusive.

“You’re creating jobs. You’re actually starting to anchor new industries. And over time, what you will do is you will create supply chains locally that are able to satisfy the demands of many of these industries,” he gushed. “That’s all good.” Yes, because nothing screams “environmental stewardship” like a fossil fuel titan suddenly championing green jobs.

This revelation comes as a shock only to those living under a rock, considering Shell’s recent break from the broader oil industry to advocate for the IRA – a law passed solely by Democrats and opposed by every single Republican. Shell, ever the opportunist, now champions clean energy portions of the law to fend off potential GOP attacks. 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.

Shareholders Can’t Agree if Shell Should Keep Pretending to Care About the Climate or Just Admit They’re in it for the Money

Posted by John Donovan: 28 May 2024

Shell’s Climate Plan Rejected by Activist Shareholders at AGM, Because Who Needs the Planet Anyway?

Shell plc’s annual general meeting (AGM) turned into a circus of protests and shareholder squabbling, with a climate resolution from activist group Follow This getting shot down in flames. The resolution, supported by 27 investors managing around $4 trillion (chump change for Shell), aimed to align Shell’s medium-term carbon reduction targets with the Paris Agreement. Only 18.6% of shareholders gave a damn, down from last year’s whopping 20.2%.

Shell’s “New and Improved” Strategy

Meanwhile, Shell’s board’s half-baked climate strategy received a resounding 78.2% thumbs up from shareholders. This master plan rolled out in March, sets a groundbreaking goal of a 15-20% reduction in the net carbon intensity of energy products by 2030. Never mind that it’s a step back from the previous 20% target and completely ditches the 2035 goal. Shell’s CEO, Wael Sawan, assured everyone that this plan is all about keeping profits high, mostly from oil and gas, because, you know, gas demand is booming, and who can predict the future of energy transition, right? 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 AGM Spectacle: A Symphony of Greenwashing and Protester Evictions

Posted by John Donovan: 21 May 2024

In what can only be described as a bizarre mix of a bad corporate play and a tragic comedy, Shell’s annual general meeting (AGM) saw its chairman Sir Andrew MacKenzie facing the wrath of climate protesters accusing him of “greenwashing.” Yes, the oil behemoth’s top brass had the nerve to gather at the posh InterContinental London – The O2 hotel to deliver their usual drivel about being eco-friendly while their actions scream otherwise. 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 Unfortunate Love Affair with the US: The UK Stock Market Saga

Charles Hall from Peel Hunt warns that if Shell goes, it’s going to be an absolute hammer blow for London, with a domino effect dragging BP and big mining companies along.

Posted by John Donovan: 16 May 2024

Don’t Worry, UK Stock Market Is Totally Fine, Says Stock Market Boss as Major Firms Flee for the US

In the latest episode of “The UK is Totally Fine,” the head honcho of the London Stock Exchange, Julia Hoggett, assures us there’s absolutely no panic even as firms worth hundreds of billions decide they’d rather take their chances across the pond. Because, why wouldn’t they?

Bigwig bosses have been crying existential crisis to the BBC, pointing out that major companies are either packing up, considering the move, or being swallowed by foreign private investors. Yet, Hoggett dismisses these concerns with a nonchalant shrug, asserting that the UK is “already punching above its weight.” Well, Julia, if you say so. 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.

Back to Basics or Backwards? Shell and BP Hug Their Oil Barrels Tighter Than Ever, Shareholders Gleefully Applaud

Posted by John Donovan 10 May 2024

In a thrilling turn of events that absolutely no one saw coming, Shell and BP have decided that their true calling is not in saving the planet, but in stacking cash to the ceiling. In their latest “screw the environment, we’re going back to oil” conference, these darlings of the FTSE 100 dazzled investors by basically promising to print money and give it all to them. Boring? Maybe. Profitable? Absolutely.

“Shell and BP had a simple message for investors at their latest results: boring is back. After delighting the world with their flings into green energy, it seems our oil magnates got cold feet. Why court solar and wind when you can make a cushy living drilling good ol’ fossil fuels? 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 and Total Plot Move to NYC: Because When You’re Desperate, Anything Sounds Like a Good Idea!

Posted by John Donovan: 9 May 2024

Alright, folks, gather ’round for a classic tale of “The Grass is Greener in the U.S.,” starring none other than Shell and TotalEnergies, the European oil megastars. In their latest “poor us” saga, they’re eyeing New York like it’s the promised land of stock market valuations. Oh, the excitement!

Now, don’t get too teary-eyed, but Shell’s Chief Executive, Wael Sawan, dropped a little hint on his earnings call that if Europe keeps treating them like the ugly ducklings of the stock market, they might just take their ball and go play in New York by the end of 2025. TotalEnergies’ big boss, Patrick Pouyanné, isn’t sitting quietly either. He’s been tasked by the board to mull over this geographical leap of faith and spill the beans by September. 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 and TotalEnergies Eye Greener Pastures: The Big Apple’s Stock Exchange

Posted by John Donovan: 7 May 2024

Oh, the drama! TotalEnergies and Shell, those titans of the oil industry, are having a little daydream about moving their stock listings to the flashy stages of Wall Street. Why, you ask? Their current market valuations are as deflated as a punctured oil barrel. Boo-hoo.

In a tragic tale of European neglect and American allure, these two energy behemoths are feeling undervalued back home—kind of like ageing movie stars pining for one last blockbuster. TotalEnergies, the belle of France, is so distraught that even Patrick Pouyanné, the CEO, is openly mulling over a move. He confessed in an earnings call, “There was a discussion with the board.” Yes, folks, they’re “seriously looking at it” because, let’s face it, America is where the big-money parties are. 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 Seafaring Carnival of Fossil Fools: A Masterclass in Eco-Friendly Hypocrisy

Posted by John Donovan: 3 May 2024

In a stunning display of eco-friendly acrobatics, Shell and its cohorts are ramping up offshore drilling in the Gulf of Mexico, reassuring us that it’s all for the noble cause of emitting slightly less greenhouse gases. Apparently, drilling in the ocean is like a diet version of environmental destruction.

The pièce de résistance? A colossal floating platform named Appomattox, proudly owned by Shell, bobbing about 80 miles off Louisiana’s coast like a monument to human hubris. It’s a real-life version of “Waterworld,” minus Kevin Costner’s rugged charm. 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: Masters of Environmental Destruction, Not So Keen on New York Relisting Right Now

Posted 2 May 2024 by John Donovan

In a stunning display of corporate benevolence, Shell’s CEO Wael Sawan announced that the oil behemoth is graciously not considering relisting in New York at the moment. How thoughtful! Instead, they’re laser-focused on buying back shares, because apparently, that’s what the world needs more of—Shell shares.

Sawan, in a call with analysts, outlined Shell’s noble mission to bridge the valuation gap with its U.S. rivals. Because, you know, when you’re already swimming in oil money, why not aim for even more obscene profits? “We will always have something like a listing or other elements under review,” Sawan remarked, as if to say, “We’re always on the lookout for new ways to exploit the planet.”

And just in case you were wondering, Shell’s shares are currently trading below “fair market value,” according to Sawan. Well, gosh darn it, we can’t have that, can we? Because when you’re a ruthless polluter, it’s crucial that your stock price reflects your true worth as a destroyer of ecosystems. 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 “Green” Exit from China: Profit Over Planet

Posted by John Donovan: 2 May 2024

In a move that truly exemplifies their commitment to saving the planet, Shell has decided to bid farewell to their power generation business in China. But fear not, fellow Earthlings, for they’re not completely abandoning their efforts to combat climate change – they’re just prioritising profits over, well, everything else.

Shell’s CEO wants you to know that reducing global oil and gas production would be “dangerous and irresponsible.” Because obviously, what the world really needs right now is more hydrocarbons. It’s not like we’re facing a climate crisis or anything.

Closing divisions that generate green power and trade in low-carbon electricity, Shell bids adieu to nearly 2,000 employees across China, proving once again that when it comes to corporate responsibility, they’re the epitome of… something.

But hey, don’t let the door hit you on the way out of China, Shell. They’re keeping their electric vehicle charging operation open because, you know, electric cars are the future. Or maybe they just realized there’s money to be made there. Who can tell? 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 Desperate Dash to Ditch London: An Epic Solution to Their Share Woes?

Posted by John Donovan: 21 April 2024

In a move that screams “What the hell are we even doing anymore?”, Shell, the grand poobah of the London Stock Exchange, is flirting with the idea of dumping the UK for a shot at American glory. But will this desperate shuffle truly be the panacea for their valuation nightmares? Spoiler alert: probably not.

Former Shell bigwig Ben van Beurden seems to think so, eloquently describing London’s valuation of Shell as being on par with a discount bin at a dollar store. Current head honcho Wael Sawan chimes in, echoing the sentiment with all the finesse of a bull in a china shop, claiming they’ve got “a location that clearly seems to be undervalued” and they’re ready to roll the dice on “all options. All options.” 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 London Departure: The Ultimate “What the Frack” Moment

Posted by John Donovan: 14 April 2024

In a stunning twist, Shell, Britain’s oil giant turned Wall Street wannabe, is eyeing a breakup with London. What’s the fuss? Well, according to CEO Wael Sawan, London’s cramping Shell’s style. But is this really about undervaluation or just a ploy to pump up the share price?

Sawan’s singing the same old tune: London’s dragging Shell down. With taxes, politics, and capital woes, it’s like the city’s throwing a share price pity party. “I have a location that clearly seems to be undervalued,” he moans to Bloomberg. Cue the violins. 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 London Exodus: A “What the F@#k” Moment for the Stock Market

Posted by John Donovan: 13 April 2024

In a plot twist that could make even the most seasoned investor double-take, Shell is threatening to ditch the London Stock Exchange faster than you can say “oil spill cleanup.”

Wael Sawan, the head honcho at Shell, has been dropping hints for a while now. First, it was his enchanting trip to the New York Stock Exchange, where they rolled out the red carpet and even flew the Shell flag. Now, he’s openly grumbling about London’s undervaluation of Shell’s shares compared to its Yankee rivals. 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.