The Independent: Shell’s game of two halves comes to an end
“Shell has also created a single board, after blaming its dual-nationality structure for the disasters of recent years. It had been overstating its reserves of oil, and had to fess up last year. But only last week the company revealed the development of its Sakhalin natural gas field in Russia was 100 per cent over budget, a whopping extra cost of $10bn (pounds 5.8bn) which had not even been hinted at when Shell sold part of the field earlier this month.”: “You wouldn’t bet there aren’t other unpleasant discoveries still to be made… Stephen Foley
Saturday Jul 23, 2005
Shell, the Anglo-Dutch oil giant, has merged its Anglo half, Shell Transport & Trading, with its Dutch half, Royal Dutch. If you owned 100 Shell shares on Tuesday, you now own 29 Royal Dutch Shell ‘B’ shares. They fell a little on their stock market debut, but hang on to them “the company you own still has the same assets and prospects.
Shell has also created a single board, after blaming its dual-nationality structure for the disasters of recent years. It had been overstating its reserves of oil, and had to fess up last year.
But only last week the company revealed the development of its Sakhalin natural gas field in Russia was 100 per cent over budget, a whopping extra cost of $10bn (pounds 5.8bn) which had not even been hinted at when Shell sold part of the field earlier this month.
This track record stands in stark contrast to that at BP, its UK rival, but Shell shares have performed as well as BP’s so far this year.
You wouldn’t bet there aren’t other unpleasant discoveries still to be made and for new investors, BP is a better bet. The consolation for existing shareholders is that the oil price is hovering at about $60 while the City still appears to value Shell on the basis of a long-term price of half that. A rising tide lifts all boats, even the rudderless ones
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.
