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Posts on ‘March 14th, 2013’

Shell General Business Principles

Screen Shot 2013-03-14 at 22.37.23“…THE SHELL GENERAL BUSINESS PRINCIPLES ARE A BEDROCK OF OUR SUCCESS, THROUGH TOUGH TIMES AND GOOD TIMES”: PETER VOSER, CEO

WHEN SHELL INTRODUCED ITS GENERAL BUSINESS PRINCIPLES IN NOVEMBER 1976 IT WAS ONE OF THE VERY FIRST COMPANIES IN THE WORLD TO DO SO. Andrew Vickers, today’s guardian of the principles, explains why they were needed: “Historically, Shell had been a collection of disparate companies,” he says. “There was a feeling that we needed a collective statement of principles to enable us to conduct our business in a consistent way across our global operations. It was initially just one side of paper, but it provided the foundation for much of the Shell success story in the years since then.”Dynamic and relevant

The business principles have evolved over time with updates in 1984, 1988, 1990, 1994, 1997 and 2005.

Vickers says:

“Our Business Principles are dynamic and continually reflect the world outside. So, in the late 1980s and early 1990s, as the world become more aware of, and concerned by, issues around sustainability we adapted our principles accordingly. Equally, in 2005 after the collapse of Enron, we amended the principles to include strengthening compliance.”

Today, the Shell General Business Principles is an eight-page document in which the eight principles are outlined. They cover the following areas: economic; competition; business integrity; political activities;  health, safety, security and the environment; local communities; communication and engagement; and compliance. They are all underpinned by the core values of honesty, integrity and respect for people. 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 chief executive Peter Voser bags £2.8m cash bonus

Voser receives double BP counterpart’s prize after success in north American gas and China expansion

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Royal Dutch Shell chief executive Peter Voser received a €3.3m (£2.8m) cash bonus in 2012, a year in which the Anglo-Dutch oil group reported a fall in profits from $28.6bn to $27bn.

The bonus took his total salary package to €5.1m, down from €5.2m the previous year, although this is still more than double the $2.7m (£1.8m) package given to BP boss Bob Dudley last year. Dudley received no bonus as the company continues to deal with the consequences of the Gulf of Mexico oil spill. 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 case against Greenpeace upheld

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WASHINGTON, March 14 (UPI) — The U.S. Court of Appeals said environmental group Greenpeace needs to end its campaign of interfering with Shell’s work offshore Alaska.

The court upheld a ruling from the lower U.S. District Court for Alaska. The appeals court said Shell had shown “a likelihood of success on the merits of its claim that Greenpeace USA would commit tortuous or illegal acts against Shell’s arctic drilling operations in the absence of an injunction,” reports energy news site Rigzone. 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.

Selection of links to Shell related articles 14 March 2013

Selection of links to Shell related articles kindly supplied by a regular contributor

Royal Dutch Shell suspected to have unlawfully resumed oil …: spyghana.com-Feb 26, 2013: Shell Oil should note that it vowed when it’s stopped from operating in … to Shell’s position on its Website, “We are judged by how we act – our …

Shell Announces Decommissioning of VSAT, Transition to Cybera …: PYMNTS.com-Shell Oil Company, the No. 1 selling gasoline brand in the U.S., announced it will migrate its payment card traffic off of the VSAT satellite system … 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 CEO showered with €9.9M package for 2012

Screen Shot 2013-02-03 at 10.49.23By John Donovan: Based on the MarketWatch/Dow Jones report published today (see below), I calculate that Shell’s scandal-tainted fat cat CEO, Peter Voser, will receive a package worth almost €10 million for 2012, three times as much as the CEO of BP.  Voser is the bean-counting, corner-cutter, who sent Shell’s rustbucket drilling fleet on a hapless voyage to the Arctic, plagued by a series of incidents, ending in a PR disaster that may have sunk its Arctic ambitions. The fiasco ironically took place after Voser ruthlessly put the boot into BP

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By Sarah Kent: March 14, 2013, 5:06 a.m. EDT

LONDON–Royal Dutch Shell PLC awarded its chief executive Peter Voser a cash bonus of EUR3.3 million ($4.3 million) on top of an annual salary of EUR1.6 million and other benefits, taking his total remuneration in 2012 to EUR5.1 million, the company’s annual report showed Thursday.

Mr. Voser received more than double the remuneration of the Chief Executive of the other major U.K.-listed oil company, BP PLC’s (BP.LN) Bob Dudley, who received salary, cash bonus and other benefits worth $2.7 million in 2012, according to its annual report. 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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