Shell Misses Profit Estimates, Says Investment Costs to Increase
Updated: 2013-01-31 08:48:42
By Brian Swint – Jan 31, 2013 8:04 AM GMT Royal Dutch Shell Plc (RDSA), Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker North American fuel prices. Excluding one-time items and inventory changes, profit was $5.6 billion. That was below the $6.2 billion average estimate of 11 [...]
31 January 2013 Last updated at 07:41 Annual profits at Royal Dutch Shell have fallen to $27bn (£17bn), from $28.6bn in 2011. Profits for the last three months of the year rose to $7.3bn, against $6.5bn, but Shell was hit by generally weaker oil and gas prices during 2012. Peter Voser, chief executive of Europe’s [...]
(Reuters) – A Dutch court ruled on Wednesday that Royal Dutch Shell’s Nigerian subsidiary was responsible for a case of oil pollution in the Niger Delta and ordered it to pay damages in a decision that could open the door to further litigation. By Ivana Sekularac and Anthony Deutsch THE HAGUE | Wed Jan 30, [...]
A Dutch court has ruled that a subsidiary of international oil giant Royal Dutch Shell should be held responsible for pipeline leaks poisoning farmland in Nigeria. It was believed to be the first time a Dutch court has held a multinational’s foreign subsidiary liable for environmental damage and ordered it to pay damages. A Friends [...]
A Dutch court has rejected four out of five allegations against Anglo-Dutch oil giant Shell over oil pollution in Nigeria’s Niger Delta region. But it found a subsidiary of the firm, Shell Nigeria, responsible for one case of pollution, ordering it to pay compensation to a Nigerian farmer. 30 January 2013 Last updated at 13:02 [...]
Four Nigerian villagers from the Niger River delta have challenged mighty Shell in a Dutch court. They complain that the oil giant has caused environmental devastation and ruined their homes. A verdict in the unprecedented case is expected today. Battling Big Oil: How Four Nigerian Villagers Took Shell to Court By Nils Klawitter Four Nigerian [...]
…the reality is that despite condemnation by the UN Environment programme in 2011, despite Nigerian government promises, NGO fury and mounting despair in the communities, Shell’s oil spills go on, the gas flaring continues and the people of the delta remain as poor as ever. The verdict is due tomorrow. People affected in the Niger [...]