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Thread: Shell Profit Rises 40 Percent to $7.32 Billion

  1. #1
    Vulture of The Western World Eric's Avatar
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    Shell Profit Rises 40 Percent to $7.32 Billion

    Shell Profit Rises 40 Percent to $7.32 Billion
    By TOBY STERLING, AP

    AMSTERDAM, Netherlands (July 27) - Royal Dutch Shell PLC, Europe's second-largest oil company, reported a 40 percent increase in second-quarter earnings Thursday as high oil prices offset production difficulties in Nigeria and the Gulf of Mexico.

    Net profit rose to $7.32 billion from $5.24 billion a year earlier. Sales rose less than 1 percent to $83.1 billion from $82.6 billion.

    Chief Executive Jeroen van der Veer said in a statement the earnings were "underpinned by overall good operational performance and not simply high energy prices."

    See: http://articles.news.aol.com/busines...27053509990002

  2. #2
    JohnB
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    Re: Shell Profit Rises 40 Percent to $7.32 Billion

    >>Chief Executive Jeroen van der Veer said in a statement the earnings were "underpinned by overall good operational performance and not simply high energy prices."<<

    Bull crap...

  3. #3
    Vulture of The Western World Eric's Avatar
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    Re: Shell Profit Rises 40 Percent to $7.32 Billion

    You, apparently, do not speak "corporat-ese"!

  4. #4
    DennisWG
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    Re: Shell Profit Rises 40 Percent to $7.32 Billion

    And, just tink what a gigantic windfall the government got in taxes. The oil companies make about 9 cents per gallon of gas, and in the state I live in the direct taxes on gas total about 48 cents.

  5. #5
    Vulture of The Western World Eric's Avatar
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    Re: Shell Profit Rises 40 Percent to $7.32 Billion

    Quote Originally Posted by DennisWG
    And, just tink what a gigantic windfall the government got in taxes. The oil companies make about 9 cents per gallon of gas, and in the state I live in the direct taxes on gas total about 48 cents.
    Yes, indeed - and interesting that few people either noticer or care.. like witholding, it is "hidden" so they don't seem to feel it....

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