Oil giant Royal Dutch Shell is set to suffer a backlash from shareholders over executive pay, including a £9.4 million package for its boss. Chief executive Peter Voser took home 11.7 million euros last year – more than double the amount he earned in 2010 – after lucrative long-term incentive plans paid out. 20 May [...]
Posts under ‘Oil Prices’
Screwed by Shell Oil
FROM OUR ARCHIVES… BlueOregon: Screwed by Shell Oil 3 May 2005 Kari Chisholm Brent DeHart is a member of the Salem City Council, a former president of the state gasoline dealers’ association, and an independent dealer of Shell gasoline. And by all accounts, a pretty nice guy. But all day today, Brent DeHart has been [...]
Evidence File
EVIDENCE FILE Litigation Against ShellNew York Times: “Shell Oil Shareholders Awarded $110 Million”13 December 1990New York Times: “Shell Settles Dumping Suit for $3 Million”: 9 February 1995 New York Times: “New Settlement In Plumbing Suit”: 9 November 1995 New York Times: “SHELL SETTLES ROYALTIES CASE FOR $33.5 MILLION”: 21 March 2002 Mail On Sunday: Shell [...]
Shell sees profits surge on oil price rise
Oil giant Royal Dutch Shell today revealed that profits rose almost 50 per cent during the first three months of the year as it joined rival BP in benefiting from higher oil prices. The Anglo-Dutch firm reported earnings of $4.9bn (£3.2bn) for the first three months of the year – just one day after BP [...]
Shell Net Little Changed, Projects Offset Lower Output
By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported first-quarter earnings that beat estimates and raised a target for asset sales this year. Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight [...]
Shell’s Lawsuit Against Environmental Organizations Courts Disaster
…Shell also settled a case charging them with collaborating with the Niger military to kill environmental activists who led the protests. Shell is suing 12 environmental organizations to preempt legal challenges to exploration in the Arctic Ocean. The environmental groups include, among others, the Center for Biological Diversity, the National Audubon Society, Oceana (full disclosure: [...]
U.S. Gulf Fuel Rises After Texas Refinery Reports Outage
By Aaron Clark – Mar 21, 2012 8:34 PM GMT U.S. Gulf Coast gasoline strengthened after Motiva Enterprises LLC reported a power failure at its Port Arthur refinery in Texas. Operations followed stabilize, slow down, and shutdown procedures to minimize emissions after an electrical storm knocked out power, the company said in a filing with [...]
£10.1m is Shell of a pay packet for oil giant’s boss
By STEVE HAWKES, Business Editor Published: Today at 13:41 THE BOSS of SHELL trousered £10.1million last year – and didn’t spend a penny on petrol. The oil giant’s annual report today revealed chief executive Peter Voser made a fortune in bonuses and long-term share awards. Benefits included “company provided transport for home-to-office commuting”. It came [...]
Iran Tanker Signals Shell Mooring in Singapore as Destination
Mich Villar, a spokeswoman for Shell in Manila, said the company doesnt comment on trading, in an e-mailed response to questions. By Ramsey Al-Rikabi – Mar 2, 2012 9:28 AM GMT An Iranian oil tanker off Singapore is signaling a mooring point near Royal Dutch Shell Plc (RDSA)s refinery complex on Bukom Island as its [...]
Debate continues on Big Oil’s big profits
February 7, 2012, 2:23 p.m The five so-called “super major” oil companies — Exxon Mobil, Royal Dutch Shell, ConocoPhillips, Chevron and BP– have just wrapped up their fourth quarter earnings reports, but not without inspiring disdain over how they made those billions in profits and over what they were doing with them. Under the title [...]
Shell raises alarm over oil theft
FEBRUARY 6, 2012 LAGOS (AFP) Shell raised the alarm on Monday over repeated damage to a key pipeline in southern Nigeria by what it said were thieves seeking to siphon off crude for sale on the lucrative black market. The Anglo-Dutch oil giant said the Nembe Creek Trunkline had been hit by an increased [...]
Shell pledges to spend, spend, spend – but gamble leaves City cold
The Times: 3 February 2012 Tim Webb Energy Editor Ambitious plans to boost growth will cost too much and knock Shell off its top spot, the City warned yesterday. Unveiling disappointing results, the Anglo-Dutch oil group further unnerved investors when it said it planned to spend even more heavily on new oil and gas projects. [...]
Shell reminds us of the moral bankruptcy of the corporate elite
By STEVE HAWKES, Business Editor: Published: 3 February 2012 SHELL is coining it as pump prices soar after yesterday unveiling an £18BILLION profits bonanza. The oil giant sparked outrage by boasting it raked in almost £2.2million an HOUR last year. Hard-up motorists now facing forecourt prices that are almost back to record levels [...]
Shell fears it could be driven out of the UK over North Sea taxes
Shell warned the government not to tax it out of the UK, as it sketched out ambitious growth plans alongside an underwhelming set of results. Chief executive Peter Voser said the Anglo-Dutch oil company was aiming to pump 4bn barrels of oil per day (bpd) by 2017, compared to 3.2bn today. Net spending will rise [...]
Oil price could fall to $70 in 2012 amid volatility, Shell warns
Oil prices could fall to $70 a barrel during 2012, from current levels above $110, as high volatility in the economy and energy markets becomes “a fact of life”, Royal Dutch Shell executives said. By Emily Gosden: 3 February 2012 The oil giant unveiled its 2011 results on Thursday, with a 54pc jump in full-year [...]


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