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Posts on ‘December 2nd, 2012’

Royal Dutch Shell and Racism

Shell has admitted past discrimination against Jewish employees, which cost at least 20 of them their lives.  It supported racist regimes in Nazi Germany and more recently, Apartheid South Africa.

By John Donovan

Shell employees who have accused Shell of being a racist company will be interested in a comparison set out in “A HISTORY OF ROYAL DUTCH SHELL, Volume 3” between Shell’s much trumpeted business principles and those of its main competitor, ExxonMobil, in regard to equal employment opportunity.

Shell has admitted past discrimination against Jewish employees, which cost at least 20 of them their lives. It supported racist regimes in Nazi Germany and more recently, Apartheid South Africa. 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.

Shell Issuing $1.75 Billion, Two-Part Debt Deal

John,
 
No idea what you make of this, but could it be that Shell runs out of some ‘small ready cash’ to invest, pay dividends and run operations??? It is now cheap to get money but one would expect that they would be able to finance everything themselves out of their cashflow?

November 29, 2012

By Patrick McGee

Royal Dutch Shell PLC is selling $1.75 billion in a two-part deal Thursday.

The three- and 10-year bonds are being offered at 0.30 and 0.75 percentage point over comparable Treasurys, respectively. At current rates, they would yield 0.64% and 2.37%.

A term sheet doesn’t indicate how Shell, one of the world’s largest oil-and-gas companies by market capitalization, will use the proceeds. But Shell says in the bond prospectus that it is expanding its gas-based business through investment in liquefied-natural-gas and gas-to-liquids projects. In 2011, for instance, it made investments with a partner in Qatar. 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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