World News Insights
1-3 Minute Gist

All Topics Article

Risk-Taking Shell CEO Stays in Race

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
Risk taking CEO's steps at Shell appear to be paying off as Shell's share price does better than BP's. Better results in hiring, technology, management streamlining, in sourcing non-conventional output, and Libyan deal coming after restructuring of its Russian exploration project, all show improved prospects at Shell after new CEO took over. Jeroen Van der Veer, who assumed the CEO position in 2004, is interviewed by Chip Cummins and Guy Kazan at it London headquarters. Van der Veer took over after the scandal involving Shell's overstating of its oil and as reserves. His early steps were to centralize decisionmaking, do away with the dual board structure based in the Hague and London, and increase hiring of technology professionals. 4500 midcareer professionals were hired in 2006, a new Chief Technology officer was appointed, and seven "chief scientists," creating a new focus on technology development and research, and making technology leadership a critical part of its strategy. Van der Veer also bet heavily on new projects, including a $20 billion oil and LNG project on the island of Sakhalin in Russian Far East, and a $18 billion gas field plus natural gas to diesel plant in Quatar. Jeroen Van der Veer is described by colleagues as a thoughtful but firm and straight talking, low profile guy who joined Shell in 1971, at age 24. He ran a large Dutch refinery, tackling labor problems and implementing an expansion. He has a passion for long distance skating, having twice finished a 200 kilometer race through 11 cities in the Netherlands.

Profiles of management and leadership- Jeroen Van der Veer of Royal Dutch Shell

03/29/2007

Grouped Articles

Risk-Taking Shell CEO Stays in Race

Wall Street Journal 03/29/2007

Shell, Bruised by Big Bets, Warns of Profit Miss

Wall Street Journal 01/20/2014

Royal Dutch Shell drilling and exploration technologies

03/29/2007

Grouped Articles

Risk-Taking Shell CEO Stays in Race

Wall Street Journal 03/29/2007

A Novel Ship Extends Shell's Reach

Wall Street Journal 01/03/2013

Royal Dutch Shell strategies

03/29/2007

Grouped Articles

Shell's New Lifestyle Choice

Wall Street Journal 05/02/2013

Shell Picks Refining Chief to Become CEO

Wall Street Journal 07/09/2013

Shell's Shock of the Old

Wall Street Journal 07/10/2013

Shell’s Choice for C.E.O. Surprises the Markets

New York Times 07/09/2013

Risk-Taking Shell CEO Stays in Race

Wall Street Journal 03/29/2007

Shell's Profit Falls on Shale Write-Down

Wall Street Journal 08/01/2013

Royal Dutch Shell performance

03/29/2007

Grouped Articles

Shell's New Lifestyle Choice

Wall Street Journal 05/02/2013

Shell Picks Refining Chief to Become CEO

Wall Street Journal 07/09/2013

Shell's Shock of the Old

Wall Street Journal 07/10/2013

Shell’s Choice for C.E.O. Surprises the Markets

New York Times 07/09/2013

Risk-Taking Shell CEO Stays in Race

Wall Street Journal 03/29/2007

Shell's Profit Falls on Shale Write-Down

Wall Street Journal 08/01/2013

Gazprom, Shell, and the Sakhalin II energy project

05/15/2006

Grouped Articles

Risk-Taking Shell CEO Stays in Race

Wall Street Journal 03/29/2007

Sakhalin Island: Journey To Extreme Oil

BusinessWeek 05/15/2006

Gazprom's Net Surges 44%

Wall Street Journal 08/31/2011


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us