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Ben van Beurden

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 CEO Threatens London Stock Exchange

Posted by John Donovan: 10 April 2024

In a move that has the London Stock Exchange quaking in its trading boots, Shell’s CEO Wael Sawan has dropped a bombshell threat: Shape up or we ship out to the Big Apple!

Sawan, not one to mince his words, has warned that if London’s stock market continues to undervalue Shell, they’re packing their bags and heading Stateside faster than you can say “oil spill.” 

Despite enjoying the swanky lifestyle in London, Sawan’s loyalty to the UK is about as solid as a house of cards in a hurricane. With dual Lebanese and Canadian citizenship, he’s got one foot out the door already. He’s sick and tired of London investors treating Shell like yesterday’s news while simultaneously picking their pockets clean with hefty taxes. 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.

Ex-Shell Bigwig Fuels Fears of London Exodus

Posted by John Donovan 9 April 2024

In a move with the City of London quaking in its well-polished brogues, former Shell honcho Ben van Beurden has sounded the alarm bells, warning that the company’s valuation in London compared to the Big Apple is a “major issue.”

Speaking from the Financial Times Global Commodity Summit in Switzerland, van Beurden lamented that Shell, the heavyweight champ of the London Stock Exchange (LSE) with a market cap of £118 billion, is being shamelessly undervalued. Cue the tiny 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 Boss Bags £8m: “Let Them Eat Carbon Intensity Reductions”

Posted by John Donovan 8 April 2024

In a move that has charity workers choking on their avocado toast, Shell’s new top dog, Wael Sawan, has snagged a staggering £8 million in his first year at the helm, leaving many wondering if he’s moonlighting as a magician pulling money out of thin air.

While most folks are counting pennies at the pump, Sawan is raking in the cash like it’s going out of style, leaving pressure groups frothing at the mouth faster than you can say “climate crisis.” 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 Former Big Cheese Bags £95m

In an astounding turn of events that shocked no one, Shell’s ex-bigwig, Ben van Beurden (left), managed to stuff his pockets with an extra £8.9 million last year, elevating his total take from the oil giant to a modest £95 million. Who said being an eco-villain doesn’t pay well?

In a spectacle of financial gymnastics that would make even Scrooge McDuck blush, a hefty long-term bonus and a golden parachute (sorry, “severance award”) ensured that van Beurden out-earned his successor, Wael Sawan, who had to scrape by on a mere £7.9 million. One can only imagine the penny-pinching at the Sawan household.

Before passing the torch (or should we say oil lamp?) to Sawan, van Beurden amassed a fortune of £86 million, proving that oil really does grease the wheels of personal fortune. Not content with just riding off into the sunset, van Beurden stuck around as an “adviser” for six months, during which he pocketed a £5.1 million long-term bonus and a £1.4 million consolation prize for “loss of office.” Because, clearly, losing an office that pays you in millions is a loss worth compensating. 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 BP: Plotting a Fossil Fuel Fairy Tale in Mega Merger Mania?

Posted on 12 November 2023 by John Donovan

In the high-stakes world of oil barons and carbon czars, Shell and BP might just be flirting with the idea of a fossil fuel marriage made in heaven. Because, in the grand world of big oil, bigger is always better, especially when everyone else is fretting over minor things like climate change and renewable energy.

Once upon a time, under the starry-eyed leadership of Lord John Browne, BP was the belle of the ball, scooping up Amoco and Arco in a transatlantic love affair. Meanwhile, Shell, not to be outdone and under Ben van Beurden’s watchful eye, waltzed with BG Group for a cool £36 billion in 2016. 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 CEO Discovers a Magical New Path to Net Zero Emissions, Shares Soar!

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 Magnanimous CEO Embarks on Heroic Journey to Shower Oil Investors with Untold Riches

Posted 13 June 2023 by John Donovan

Prepare yourselves, mere mortals, for the grand spectacle that is about to unfold! Wael Sawan, the illustrious Chief Executive Officer of Shell Plc, has set his sights on the concrete jungle of New York City, where he will engage in a valiant effort to prove to the world that his precious oil empire is shamelessly undervalued compared to its feeble American counterparts. How noble of him!

In a highly anticipated presentation scheduled for Wednesday, 13 June, Sawan will dazzle investors with a glimpse into his master plan for the company. Brace yourselves, for his vision is nothing short of awe-inspiring: to shower shareholders with bountiful returns and close the gap in valuation with the mighty giants of the industry, such as Exxon Mobil Corp. and Chevron Corp. Surely, this Herculean task will require nothing less than unwavering devotion and a complete disregard for the planet’s well-being. 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: All Options On The Table For New Energy Strategy

OILPRICE.COM

Shell: All Options On The Table For New Energy Strategy

  • Shell is considering a new energy strategy to balance climate targets with energy security.
  • The CEO mentioned that the new strategy is expected to be released in June, with all options on the table regarding production targets and strategic decisions.
  • Shell is experiencing the energy trilemma, trying to balance affordable, secure, and low emissions supply, while still needing oil and gas for the long term future.

Shell is currently deliberating how to reconcile energy security with climate targets in a new strategy expected in June, with all options on the table, the supermajor’s chief executive Wael Sawan told The Wall Street Journal in a recent interview.

Whatever the decision of Sawan, other top executives, and the board, Shell is likely to disappoint investors, environmentalists, or both. 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 in first changes combines LNG, upstream operations

REUTERS

Shell CEO in first changes combines LNG, upstream operations

LONDON (Reuters) -Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan’s first changes since taking charge of the energy giant earlier this month.

The new division, which combines Shell’s most profitable operations, will be headed by current upstream director Zoe Yujnovich, Shell said in a statement on Monday.

Sawan took office on Jan. 1 after heading Shell’s integrated gas division, which included Shell’s LNG and renewables businesses, with a vow to simplify and improve the company’s operations.

Under the internal restructure, renewables operations will be combined with Shell’s oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said. 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 set to unveil record profits of more than £30bn as households and businesses grapple with sky-high energy bills

Oil giant Shell set to unveil record profits of more than £30bn as households and businesses grapple with sky-high energy bills

Oil giant Shell is set to unveil record profits of more than £30 billion as households and businesses grapple with sky-high energy bills.

The corporate giant is expected to say this week that annual profit more than doubled as the war in Ukraine restricted supplies from Russia, sending the price of gas and electricity rocketing.

The FTSE100 behemoth and its arch rival BP have faced mounting criticism for cashing in. BP chief executive Bernard Looney famously described his company as resembling a ‘cash machine’ because of the amount of money it has made from elevated prices.

But, since he made those comments in 2021 – three months before the invasion of Ukraine – the profits made by BP and Shell have continued to escalate rapidly. 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.

It’s a new year and Shell has a new boss, but the same old greed just won’t cut it

It’s a new year and Shell has a new boss, but the same old greed just won’t cut it

The company has to start paying for its share of the climate damage oil and gas have caused around the world. It certainly has the funds

inews.co.ukJanuary 6, 2023 11:41 am(Updated 1:07 pm)

OPINION By Areeba Hamid

As we welcome in a new year, Shell welcomes its new CEO, Wael Sawan.

Coming from Shell’s alternative energy division, Sawan’s appointment has already sparked speculation that this could mark a departure from the era of predecessor Ben van Beurden who presided over – among other things – Shell’s ignominious departure from the Alaskan Arctic, its first dividend cut since the Second World War and a loss in a landmark climate court case in the Netherlands. The company was also recently the focus of an documentary exposé and stinging spoof from comedian Joe Lycett.

Sawan steps up at an interesting time for the fossil fuel industry.

While households up and down the UK freeze, and struggle to put food on the table, Shell has made the most of tax breaks to avoid paying any windfall tax whatsoever. It’s even milked £100m from taxpayers. And instead of investing profits back into clean, cheap renewable power which could alleviate bills and shore up UK energy security, Shell has funnelled billions of that extra cash back into shareholder pockets in the form of buybacks. 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 pay £1.7bn in UK and EU windfall taxes

SkyNews

Shell to pay £1.7bn in UK and EU windfall taxes

It comes after bosses at the London-listed oil giant said in October they had not paid any UK windfall taxes due to heavy investment in the North Sea.

Windfall tax payments are to cost Shell around $2bn (£1.7bn), the oil and gas company has revealed.

The cost of the UK’s energy profits levy and the EU’s recently announced solidarity contribution will reach $2bn (£1.7bn) in the final three months of its financial year, the firm said in a fourth quarter 2022 update. 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.

I was written off in my 40s, says outgoing Shell boss Ben van Beurden

Mail On Sunday/ ThisisMoney.co.uk

I was written off in my 40s, says outgoing Shell boss Ben van Beurden: Oil industry titan is having the last laugh

  • Ben van Beurden says his stellar career was almost derailed two decades ago 

  • He was told that he did not have what it took to get to the top

He is one of the most powerful business leaders on the planet, with a pay package of £6million in 2021.

But, in a candid admission that will strike a chord with anyone who feels their talents are overlooked at work, Shell chief executive Ben van Beurden says his stellar career was almost derailed two decades ago.

The Dutch oilman says that when he was in his 40s he was told at an assessment centre for leadership training that he did not have what it took to get to the top. 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.

Avoid Shell Energy! They are an appallingly bad company

21 Dec 2022

The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.

Con Artists – Avoid!

Avoid Shell Energy! They are an appallingly bad company. They took over as our energy supplier over a year ago and still haven’t refunded the money they owe us (i expect this is the case for many of their other customers). They couldn’t care less about their customers, rude and unhelpful customer services staff (when you eventually do get through) We’ve wasted hours and hours of our time chasing the money they owe us only to be fobbed off every time, absolutely terrible, avoid at all costs, there are plenty of other energy suppliers available, see all the other bad reviews online of Shell and you will see that this is not an isolated instance! Disgusting behaviour from a company that made £10 billion in profits in the last quarter alone but refuses to refund £300 that they owe. It’s incredible that companies like this are allowed to get away with it. 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.

Ben van Beurden on The Sunday Times Business Person of the Year 2022 Shortlist

The Sunday Times Business Person of the Year 2022: The shortlist

The Sunday Times

In a year buffeted by war, falling markets and government upheaval, we present the shortlist for the business person who has stood out above the rest

Ben van Beurden, Shell

The Dutchman will call time on a 40-year career at Shell in 2023, having spent nine years in the hot seat. He gambled early in his tenure on the £36 billion takeover of gas giant BG Group, relocated Shell’s head office to London, and cut its dividend when the oil price tanked during Covid. But the company has surged this year on the back of higher oil prices stoked by the Ukraine war. Van Beurden, 64, leaves Shell in a fitter state and with plans to embrace green 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.