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Posts on ‘October 29th, 2009’

Shell to comply with Iran gasolene sanctions

Royal Dutch Shell Plc said it will comply with international rulings on gasoline supplies to Iran as part of United Nations sanctions against the country over its nuclear program.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell slashes jobs as shares slide on poor quarterly results

DAILY MAIL

By Daily Mail Reporter
Last updated at 10:12 AM on 29th October 2009

Oil giant Royal Dutch Shell today announced it was cutting 5,000 jobs as weaker oil prices and the ailing global economy saw profits plunge.

The Anglo-Dutch company reported a decrease in profits of 73 per cent to $2.99billion (£1.83billion) between July and September.

Chief executive Peter Voser said that despite some positive signs the outlook for the industry remained tenuous.

‘We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery,’ he said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Changing mood of Shell Staff arising from restructuring

AN EMAIL SENT TO SHELL CEO PETER VOSER FROM JOHN DONOVAN: 29 OCTOBER 2009 11.49 GMT

Dear Mr Voser

As well as being the operator of a well known Shell related website (royaldutchshellplc.com) I am also a long term Shell shareholder.

I received yesterday an email from a person closely associated with Shell providing a perspective on the changing mood of Shell staff arising from the restructuring. His comments struck me as being timely, genuine and well-informed. If correct, they are likely to be a cause for concern to you, your colleagues and Shell shareholders. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Around $5 billion to be injected into Shell Pension Fund hit by slump

LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB.LN) will only have to top up its pension fund by around $5 billion, compared with previous expectations of $6-8 billion, because of the recovery in global equity markets, said Chief Financial Officer Simon Henry Thursday.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Results a ‘Disappointment’

By WSJ Staff

  • October 29, 2009, 4:49 AM ET

Royal Dutch Shell’s third quarter earnings, out this morning, are a “disappointment,” says Peter Hutton at NCB. “After BP’s slam dunk results, this is only a bit up….5% is a bit anemic,” referring to how much the company’s clean current cost of supplies beat consensus by. Shell’s third-quarter clean current cost of supplies was $2.62 billion, ahead of consensus forecasts of $2.5 billion. Hutton had expected $2.89 billion. BP beat consensus forecasts by 50%, he says.

“Our third-quarter results were affected by the weak global economy. Upstream and downstream profitability has been sharply reduced compared to year-ago levels,” said Shell Chief Executive Peter Voser. “We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Shares Drop As 3Q Profit Fails To Impress

LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB.LN) shares fell 3.4% Thursday after the company posted a 67.6% fall in adjusted third-quarter profit on lower oil and gas prices, disappointing analysts by failing to beat modest expectations.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Fall In Oil Price Hits Profits At Shell

Adam Arnold, Sky News Online

Oil giant Royal Dutch Shell made profits of £1.8bn in the third quarter – down 73% on the same period last year.

Shell Oil Company

Profits fall sharply compared with same period in 2008

The company has been hit by falling oil and gas prices.

Shell’s share price fell around 3% in early trading following the results.

Chief executive Peter Voser said there were indications that energy demand and prices were “improving”.

But he also said the “outlook remains very uncertain” and the company was not expecting a “quick recovery”.

He went on to say his restructuring programme was yielding results with operating costs lowered by £608m in the first nine months of 2009 and around 5,000 jobs cut. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell sees no ‘quick recovery’ as energy company cuts 5,000 jobs

Daily Telegraph

Royal Dutch Shell is “not expecting a quick recovery” after shedding 5,000 jobs in a global restructuring and seeing profits drop 73pc on lower oil and gas prices.

By Rowena Mason
Published: 7:59AM GMT 29 Oct 2009

Royal Dutch Shell B

Europe’s biggest energy company made $2.99bn in profits on a cost of supplies basis – a measure that strips out the effect of changing inventories – slightly beating analyst expectations. Revenue fell 43pc to $76bn.

Peter Voser, the chief executive who took over in July, said 10pc of the oil giant’s staff would be leaving, after profitability in both upstream and downstream divisions was sharply affected by the recession. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell: Restructuring Leads To 5,000 Job Cuts

THE WALL STREET JOURNAL

OCTOBER 29, 2009

By Alex MacDonald

Of DOW JONES NEWSWIRES

LONDON (Dow Jones)–Anglo-Dutch oil major Royal Dutch Shell PLC’s (RDSB.LN) chief executive Thursday said 5,000 employees will leave due to a company-wide corporate restructuring program.

Peter Voser said: “The Transition 2009 program, which I announced earlier this year, is progressing well, and will be completed by the end of 2009.”

Some 5,000 employees are leaving Shell as a result of these changes. This represents around a 10% reduction in employees in the redesigned divisions and corporate functions. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell employee numbers cut by 5,000, or around 10% of workforce in restructured divisions

"We continue to focus on improving our competitive cost position, simplifying Shell," which has reduced operating costs by $1 billion in the first nine months of the year and will cut employee numbers by 5,000, or around 10% of the workforce in the restructured divisions, Voser said.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

LEAKED EMAILS LOST SHELL BILLIONS ON SAKHALIN-2

John Donovan Royal Dutch Shell Plc.com

John Donovan: Royal Dutch Shell Plc.com

LEAFLET GIVEN TO SHELL EMPLOYEES AT SHELL CENTRE, LONDON FROM MONDAY 2nd NOVEMBER 2009

LEAKED EMAILS LOST SHELL BILLIONS ON SAKHALIN-2 

By John Donovan of royaldutchshellplc.com: Nov 2009

At first glance the headline appears to be a ridiculous claim. However, it happens to be supported with independent verifiable evidence from reputable sources and has been published, unchallenged by Shell, in magazine and newspaper articles, including half-page features in The Sunday Times and The Guardian. 

The claim was also mentioned in a newsletter published in July 2007 by the One World Trust, an independent think tank and research organisation affiliated with the UK Houses of Parliament and the United Nations.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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