Irish Independent: Shell keen to put scandal behind it
Sept 18, 2004
ROYAL Dutch/Shell Group is expected to try to put the damaging scandal of its overstated oil reserves behind it when it gives its annual strategy presentation next week.
Analysts said they hoped the presentation would give clues on asset disposals, expected changes in Shell’s governance structure and details of how the company plans to achieve its reserve replacement targets in coming years.
More clarity on those issues could support its share price, they said.
However, some in the market do not expect much news and believe the focus will be on whether senior management shows it is committed to changing what some consider Shell’s inadequate corporate governance structure.
“It’s about convincing the market that there’s genuine appetite at the senior level in the company for change,” said Mark Iannotti, oil analyst at Merrill Lynch.
Shell shocked investors in January by slashing its proven oil and gas reserves by 20pc. The debacle led the company to oust its top management and sparked probes by US and UK regulators that resulted in heavy fines.
The company has forecast it will have an average reserve replacement ratio of 100pc over the next five years. Analysts said they would be looking for more information on key projects such as drilling in Morocco, Malaysia and Nigeria.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
