Thank you Bush: Shell: £1.3m-an-hour profits

Moderators: DrVolin, 82_28, Elvis, Jeff

Thank you Bush: Shell: £1.3m-an-hour profits

Postby DrDebugDU » Thu Jul 28, 2005 2:39 pm

Yes that's correct. And in dollars that is <!--EZCODE BOLD START--><strong>$2,300,000 per hour</strong><!--EZCODE BOLD END--> or $639/second<br><br>Press Association<br>Thursday July 28, 2005 5:38 PM<br><br>Oil giant Royal Dutch Shell unveiled half-year profits of <!--EZCODE BOLD START--><strong>£5.84 billion</strong><!--EZCODE BOLD END--> (=$10,150,000,000.00), as it posted its first results as a unified company.<br><br>The figure - equivalent to £1.3 million an hour - mirrors the profits of rival <!--EZCODE BOLD START--><strong>BP</strong><!--EZCODE BOLD END--> earlier this week, which established a <!--EZCODE BOLD START--><strong>new record for a UK company</strong><!--EZCODE BOLD END-->.<br><br>Shell said its profits were boosted by the oil price rising to record highs since January and it pledged to increase the amount of money spent on exploring for new oilfields to 1.8 billion US dollars (£1.03 billion) in both this year and next.<br><br>This extra injection of cash reflects concerns among investors that the oil giant is struggling to replace the oil it pumps out of the ground after downgrading its reserves five times over the past 18 months.<br><br>...<br><br><!--EZCODE AUTOLINK START--><a href="http://www.guardian.co.uk/uklatest/story/0,1271,-5173518,00.html">www.guardian.co.uk/uklate...18,00.html</a><!--EZCODE AUTOLINK END--><br><br>Last years profits...<br><br>ExxonMobil $25.33 billion<br>Shell $18.54 billion<br>BP $15.73 billion<br><br>Figures for ChevronTotal not found, but the document said it was slightly behind BP...<br><br>They must love the War in Iraq <p></p><i></i>
DrDebugDU
 
Posts: 808
Joined: Wed Jul 13, 2005 12:56 pm
Blog: View Blog (0)

Return to Energy Issues

Who is online

Users browsing this forum: No registered users and 1 guest