Bloomberg.com
By Guy Collins
March 18 (Bloomberg) — Royal Dutch Shell Plc reported an $8.3 billion pension plan deficit for 2008 and expects to make significant cash contributions to pensions in addition to the regular annual contribution of between $1 billion and $2 billion.
The amount of additional payments is currently estimated to be in the range of $5 billion to $6 billion, Europes biggest oil company by market value said in a filing to the U.S. Securities and Exchange Commission.
Shell, based in The Hague, said yesterday its reserve replacement ratio, including oil sands, fell to 95 percent in 2008 from 124 percent the previous year, excluding acquisitions, divestments and year-end price effects. The company pledged to pay $10 billion in dividends this year, even as it funds the biggest spending program among its peers to revive output growth.
The company said the amount of payments to the pension funds will depend on agreements to be made with local regulators or trustees, and the timing is still to be agreed.
In 2009 the lower pension asset values will result in an estimated non-cash pretax pension charge of $1.9 billion compared with a pretax pension income of $800 million in 2008.
To contact the reporter on this story: Guy Collins in London on[email protected]
Last Updated: March 18, 2009 02:46 EDT
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.
