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Posts on ‘January 31st, 2013’

Shell tries to downplay historic precedent setting verdict

By John Donovan

The Times published an important article by Tim Webb today under the headline: “Shell counts cost of oil damage in Niger Delta.” (Page 39, Thursday 31 Jan 2013). Tim correctly makes the simple, but immensely important point: “IT IS THE FIRST TIME THAT A COURT OUTSIDE NIGERIA HAS ORDERED SHELL TO PAY FOR POLLUTION IN THE DELTA AND THE RULING LEAVES IT VULNERABLE TO MORE CLAIMS.” Shell has predictably tried to downplay this historic, precedent setting verdict. 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: The Slumbering Giant

Thursday, January 31, 2013

By ANDREW PEAPLE

Royal Dutch Shell RDSB.LN -2.88% isn’t an obvious candidate for sympathy. The oil and (increasingly) gas major raked in $26.6 billion last year, with Brent crude-oil prices averaging above $100 per barrel.

Yet Shell’s full-year earnings were 14% down on 2011 and missed consensus forecasts, while its oil output rose by just 1%.

The results capture Shell’s investment proposition perfectly: Its sheer scale and operational expertise mean shareholders can sleep easy, but they’re unlikely to dream big. 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 to Boost Exploration Spending

January 31, 2013

Falling profits at Royal Dutch Shell last year could be explained by volatile oil and gas prices. But Heard on the Street’s Andrew Peaple reckons economies of scale may no longer be working for the oil behemoth.

LONDON—U.K.-listed oil and gas company Royal Dutch Shell RDSB.LN -2.73% PLC Thursday said it would increase capital expenditure this year, despite the uncertain global economic outlook, with the aim of finding and developing more resources and rejoining the ranks of the world’s top oil and gas producers by 2018.

The spending plans came as Shell missed expectations by posting a 13% rise in profit for the fourth quarter, with analysts expressing concern about the amount of money the company spent on exploration. 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 Misses Profit Estimates, Says Investment Costs to Increase

By Brian Swint – Jan 31, 2013 8:04 AM GMT

Royal Dutch Shell Plc (RDSA), Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker North American fuel prices.

Excluding one-time items and inventory changes, profit was $5.6 billion. That was below the $6.2 billion average estimate of 11 analysts surveyed by Bloomberg. Net capital spending of about $33 billion this year compares with $30 billion in 2012.

Higher costs of getting oil and gas to production are offsetting gains from rising output and record Brent crude prices. Chief Executive Officer Peter Voser is trying to appease investors by raising the dividend in the first quarter, and he expects to increase output to about 4 million barrels of oil equivalent a day in 2017 from 3.3 million barrels last year. 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.

Royal Dutch Shell profits hit by oil price volatility

31 January 2013 Last updated at 07:41

Annual profits at Royal Dutch Shell have fallen to $27bn (£17bn), from $28.6bn in 2011.

Profits for the last three months of the year rose to $7.3bn, against $6.5bn, but Shell was hit by generally weaker oil and gas prices during 2012.

Peter Voser, chief executive of Europe’s biggest oil company, said 2012 was a year of “headwinds”.

But he added that Shell was “delivering a strategy that others can’t easily repeat”. 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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