Royal Dutch Shell Plc  .com Rotating Header Image

December 21st, 2020:

Shell Energy posts £32m loss as ‘unsustainable pricing’ draws customers away

Shell Energy posts £32m loss as ‘unsustainable pricing’ draws customers away

21 Dec / 2020: 14:04

Shell Energy has posted an almost £32 million loss for 2019, pointing to falling customer numbers as competition in the sector remains strong.

In the company’s financial results for the year ended 31 December 2019, the company’s loss before tax sits at £31,538,000, a dramatic increase from £20,994,000 the year previously.

Operating loss also grew, hitting £26,765,000 in 2019 compared to £20,302,000 in 2018 driven principally by “adverse market conditions” the company noted. No dividends were paid in 2019 compared to £5,000,000 in 2018. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to write down assets again, taking cuts to more than $22 billion

Shell to write down assets again, taking cuts to more than $22 billion

In October, Shell, the world’s biggest LNG trader, wrote down the value of its LNG portfolio by just under $1 billion, focusing on its flagship Prelude project in Australia.

LONDON (Reuters) – Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Energy losses rise as customers seek cheaper deals

Shell Energy losses rise as customers seek cheaper deals

Emily Gosden, Energy Editor: Losses at Royal Dutch Shell’s British household energy supply venture deepened to £32 million last year as it battled to stop customers leaving for cheaper rivals.

Shell Energy Retail, which was rebranded from First Utility in March last year, blamed a “very difficult competitive environment”, in which it said that many companies were offering unsustainably cheap prices. He said that 26 suppliers had left the market in recent years, leaving behind £300 million in unpaid debts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell sells Australian LNG project stake to GIP in $2.5B deal

Shell sells Australian LNG project stake to GIP in $2.5B deal

Dec. 20, 2020, 10:06 PM ET Royal Dutch Shell plc (RDS.A)By Carl SurranSA News Editor

  • Royal Dutch Shell (RDS.ARDS.Bagrees to sell a 26.25% interest in the Queensland Curtis LNG Common Facilities in eastern Australia to Global Infrastructure Partners for US$2.5B.
  • Shell will remain a 73.75% majority owner and operator of the Common Facilities, which include liquefied natural gas storage tanks, jetties and operations infrastructure that service the QCLNG facility’s production units.
  • read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

    Shell writes down up to $4.5 billion in oil and gas assets

    Shell writes down up to $4.5 billion in oil and gas assets

    Royal Dutch Shell said on Monday it will write down $3.5 to $4.5 billion in the value of oil and gas assets in 2021, the latest in a string of impairments this year as it adjusts to a weaker outlook.

    In an update ahead of its fourth quarter results on February 4, Shell said the post-tax charge was due in part to impairments on its Appomattox field in the U.S. Gulf of Mexico, the closure of refineries and liquefied natural gas (LNG) contracts. read more

    This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
    Comment Rules

    • Please show respect to the opinions of others no matter how seemingly far-fetched.
    • Abusive, foul language, and/or divisive comments may be deleted without notice.
    • Each blog member is allowed limited comments, as displayed above the comment box.
    • Comments must be limited to the number of words displayed above the comment box.
    • Please limit one comment after any comment posted per post.