By Julia Limitone: Published September 08, 2015
During an interview with FOX Business Network’s Maria Bartiromo, Royal Dutch Shell’s (RDS.A) CEO Ben van Beurden said the company is responding with “vigor and determination” to cope with lower oil prices.
“We started off the slide in oil prices with a low gearing 12.4%. Since then, we have been cutting our operating costs, our capital spent quit considerably — $4 billion OPEX, $7 billion capital costs — that’s about a year of dividends that we have saved in a year’s time,” he said.
Despite cutting costs, van Beurden says the dividend is safe.
“We did a very significant deal [BG Group acquisition] at a time of uncertainty in the markets. I think it’s very difficult for the ordinary investor to understand what is happening and what this deal means… I felt I needed to bring an assuring message out at as well — that the dividend is basically guaranteed for this year at $1.88 per share,” he said.
He also discussed what the Iran nuke deal means for the global oil market.
“It’s a little bit hard to predict for an outsider because we’ve been out of Iran for a long time, what will actually happen. A lot of talk about a million barrels of new oil coming on. But actually the world is going to need that million barrels. That’s the sort of, that’s less than 1 year demand growth and on top of it you see shrinkage in supply every year — three to four million barrels a day of shrinkage in supply at $60 oil.”
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.
