Shell boss Ben van Beurden
The boss of Royal Dutch Shell said his £47bn swoop for BG Group was not just about the collapse in the oil price – but admitted cheaper crude did play a part.
Ben van Beurden insisted the deal was an opportunity for Shell to beef up its operations – particularly through greater exposure to liquefied natural gas (LNG) where BG is a major player.
But he added that the fall in the oil price – from around $115 a barrel last summer to less than $60 last night – and the subsequent fall in the BG share price was a factor.
‘It’s fair to say the changing macro environment has made the deal – apart from being a very good fit and a logical deal – of course a very compelling one from a financial perspective,’ said van Beurden.
Analysts said the fall in the oil price could trigger a wave of consolidation in the sector.
Marc Kimsey, senior trader at Accendo Markets, said: ‘The decline in the oil price over the past year has battered some stocks which are now looking attractive.’
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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
