…van Beurden warned that the pain may not be over, saying it was possible that Shell would make new writedowns on its North American operations.
The US was among the factors that dented this year’s performance, as Shell continued to feel the effects of a shale gas glut that has sent prices tumbling.
Its North American arm is likely to be restructured, with some of its assets there to be put up for sale.
By Rob Davies
|
Shell’s new boss has put controversial Arctic drilling plans on hold and vowed to slash spending after the oil giant was rocked by its first profit warning in a decade.Ben van Beurden said Europe’s largest company by revenue would be ‘changing emphasis’ after a tough year that saw pre-tax profits slump 23 per cent to £15.3billion.
‘None of us at Shell are comfortable with these results,’ he said, admitting that ‘we’ve lost momentum and can sharpen our performance in a number of areas’.
Van Beurden’s plan will see spending hacked back from the £28billion of last year to £22.5billion in 2014 – largely by making fewer acquisitions and launching a £9billion two-year asset sale programme.
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
