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Posts on ‘July 14th, 2011’

ConocoPhillips To Split Refining, Production Arms

July 14, 2011

-Since the end of 2005, ConocoPhillips shares have risen 27.8%, compared with Exxon Mobil and Chevron, up 46.8% and 85.12%, respectively.

– Blow to legacy of CEO Jim Mulva, who said he’ll retire once the separation is complete.

– Analysts: Conoco may have felt spinning off downstream assets a more immediate way to boost share price than continuing to try to sell refineries at prices buyers seem unwilling to pay.

– UBS analysts said split unlikely to unlock meaningful incremental value. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nigeria Protesters Besiege Shell’s Kolo Creek Logistics Base

By Dulue Mbachu – Jul 14, 2011 5:14 PM GMT+0100

Royal Dutch Shell Plc (RDSA)’s Nigerian unit said protesters from four communities in the country’s southern delta besieged the company’s Kolo Creek logistics base and “tampered” with installations.

The protesters from Imiringi, Elebele, Otuasega and Oruma villages adjoining the base are unhappy “about not being supplied with electricity from company facilities,” Tony Okonedo, a Shell spokesman in Nigeria, said today in an e-mailed statement. Led by youths, they “have tampered with our installations in such a manner that poses serious threat to people and the environment,” Okonedo said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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