The UK’s two oil majors, Shell and BP, have been badly hit, dropping 13% and 12% respectively over the past three months.
Investment Week article by Dan Jones, Laura Dew and Julia Rampen: “Oil majors cast shadow over UK dividends after price slump”: 08 Dec 2014
Extracts
Brent crude oil prices have fallen 40% since June, dropping from $114 a barrel to below $70 last week, as demand weakens and suppliers decline to cut production.
The UK’s two oil majors, Shell and BP, have been badly hit, dropping 13% and 12% respectively over the past three months.
Other managers are also becoming concerned about the impact a lower- for-longer oil price will have on the largest oil stocks’ balance sheets, and the implications for the wider market, as the sector represents 15% of total UK payouts.
Richard Buxton, manager of the Old Mutual UK Alpha fund, who holds 4.4% of his portfolio in Shell, said a lower oil price would be “an area of concern for some holdings,” but urged caution.
“It would take a lot to undermine Shell’s dividend paying capacity, [but] clearly there will be a lot of focus on this area in the coming weeks,” he said.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
