Royal Dutch Shell boss Peter Voser said the move was part of a global drive ‘to simplify the company and to improve our capital efficiency’
By Rob Davies
Last updated at 8:33 AM on 9th November 2010
Shell has raised £2.1billion by selling a 10 per cent stake in Australia’s Woodside Petroleum as chief executive Peter Voser presses on with plans to streamline the group.
The sale reduces Shell’s holding in Woodside to 24 per cent and means the Anglo-Dutch firm has completed around £3.4billion of a plan to offload up to £5billion of assets by the end of the 2010-11 financial year.
The company said the sale formed part of a strategy to own energy assets directly or through joint ventures, rather than via shareholdings in other firms.
And insiders said Shell (down 25.5p to 2059p) had only retained a 24 per cent stake due to the difficulty of offloading such a large volume of shares in one go.
It has agreed to hang on to its remaining stake in the company for a year, unless a third party comes in to buy more than 3 per cent of Woodside.
Voser said the sale was part of a ‘worldwide push to simplify the company and to improve our capital efficiency’, as the firm gears up for a period of costly investment.
Shell spent £20.7billion building the business this year and expects to invest a further £17billion each year until 2014, as it bids to up its oil output from 3.1million barrels a day to 3.7million.
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.
