by Tsveta Zikolova: Monday, 14 Nov 2016, 10:36 GMT
Royal Dutch Shell (LON:RDSA) is considering a sale of part or all of its $3-billion Norwegian business, The Sunday Times has revealed. The disposal would come with the Anglo-Dutch oil giant looking to pay down debt amid growing investor pressure, following the acquisition of former smaller London-listed rival BG Group.
Shell’s share price has been little changed in London this morning, having inched 0.28 percent higher to 1,954.50p as of 10:08 GMT. The stock, however, is underperforming the broader market rally, with the benchmark FTSE 100 index having soared 1.15 percent to stand at 6,807.63 points. The shares have added just under a fifth over the past year, and are up by some 28 percent in the year-to-date.
The Sunday Times reported yesterday that Shell had lined up investment bank Rothschild to conduct a review of its Norwegian business. The Anglo-Dutch group operates several large fields in the Norwegian North Sea and has smaller stakes in others.
The news comes with the Anglo-Dutch oil major having pledged to sell $30-billion in assets following the group’s acquisition of BG Group. Earlier this month, the company noted in its interim statement that it was ‘actively working’ on 16 material asset sales as part of its planned $30 billion divestment programme. The oil major further said that it will be targeting spending of about $25 billion next year, at the lower end of its previously guided $25-$30 billion range, as it continues to battle the ongoing weak crude price environment.
In analyst news, Barclays reiterated its ‘overweight’ rating on Shell last week, with a price target of 2,600p on the stock. HSBC, which is also bullish on the Anglo-Dutch group with a ‘buy’ stance, meanwhile trimmed its valuation on the shares from 2,360p to 2,260p.
As of 10:38 GMT, Monday, 14 November, Royal Dutch Shell Plc ‘A’ share price is 1,943.00p.
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.
