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Shell sets new UK profits record

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Danger_Mouse On June 29, 2017




Christchurch, New Zealand
#1New Post! Jan 31, 2008 @ 10:21:02
The Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits for a UK-listed company.
Its profit measured by current cost of supply was $27.56bn (?13.9bn) for 2007, beating its own 2006 record of ?12.9bn.

Much of the rise in profits has been attributed to rising oil prices, which currently stand at about $91 a barrel compared with $57 this time last year.


Shocking.

We are paying more at the pumps now than any point in the past and Shell have announced their biggest profit ever.
hallucinogenic_lipstick On January 25, 2022
Cocksocket.





Ely, Cambridgeshire, United Ki
#2New Post! Jan 31, 2008 @ 10:25:22
Disgusting
GeneticAnomaly On May 25, 2020
Marvellous, simply m





, United Kingdom
#3New Post! Jan 31, 2008 @ 10:32:06
Mostly down to the rise in oil prices.

Supply and demand, sometimes it works in our favour, sometimes not.
Danger_Mouse On June 29, 2017




Christchurch, New Zealand
#4New Post! Jan 31, 2008 @ 10:44:16
@geneticanomaly Said
Mostly down to the rise in oil prices.

Supply and demand, sometimes it works in our favour, sometimes not.


I may have mis-understood but I would have thought that profit would be the price of petrol - the cost of supplying said petrol.

To increase profits you would have to increase the cost of petrol in excess to the increase in the cost of the oil?
cyrus On February 18, 2008

Deleted



Arabsville, Egypt
#5New Post! Jan 31, 2008 @ 10:53:29
Shell claims that it needs this type of profit to invest in exploration of 'ever dwindling supplies of oil'. Ok, I can understand the need for that, but why have they not published the figures they are spending and also what oil is being discovered. Call me cynical, but I say bulls***.
GeneticAnomaly On May 25, 2020
Marvellous, simply m





, United Kingdom
#6New Post! Jan 31, 2008 @ 10:55:40
Shell supplies the oil/petrol to the market, the market decides on it's price, it's a traded commodity. The market sets the price pretty much regardless of the cost of production. Only a significant rise in supply will bring the price down.
semi_precious_stone On June 23, 2019




, United Kingdom
#7New Post! Jan 31, 2008 @ 11:18:48
Damn - I read the title thingy as shell suits.

I was disappointed

Silly dyslexia!
cyrus On February 18, 2008

Deleted



Arabsville, Egypt
#8New Post! Jan 31, 2008 @ 11:19:45
@semi_precious_stone Said
Damn - I read the title thingy as shell suits.

I was disappointed

Silly dyslexia!

Shell suits!!! Very 80s
semi_precious_stone On June 23, 2019




, United Kingdom
#9New Post! Jan 31, 2008 @ 11:21:20
@cyrus Said
Shell suits!!! Very 80s


They

And go so well with bumbags
treetopflyer On March 19, 2008

Deleted



Emerald City,
#10New Post! Jan 31, 2008 @ 11:54:43
@danger_mouse Said
The Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits for a UK-listed company.
Its profit measured by current cost of supply was $27.56bn (?13.9bn) for 2007, beating its own 2006 record of ?12.9bn.

Much of the rise in profits has been attributed to rising oil prices, which currently stand at about $91 a barrel compared with $57 this time last year.


Shocking.

We are paying more at the pumps now than any point in the past and Shell have announced their biggest profit ever.


That's what buinesses do, they make money for their stockholders, to pay their employees, to keep their product coming in, to make ads, etc...

Shell Oil is a business and for them to be able to keep their doors open they need to be able to make money
hedkandi1984_21 On July 23, 2013




London, United Kingdom
#11New Post! Jan 31, 2008 @ 13:47:48
I just heard on the news that basically Shell earned ?1.5 million per hour last year. . . . they're calling the profits "satisfactory", whilst experts are calling it "scandalous". I can sort of see the experts point. At a time when consumers are paying through the nose to run their cars or to heat their houses, it does seem to be taking the piss a bit.
hedkandi1984_21 On July 23, 2013




London, United Kingdom
#12New Post! Jan 31, 2008 @ 13:49:15
@treetopflyer Said
That's what buinesses do, they make money for their stockholders, to pay their employees, to keep their product coming in, to make ads, etc...

Shell Oil is a business and for them to be able to keep their doors open they need to be able to make money


That's the PROFIT tho, which means they've already paid for the products and employees. I wouldn';t be surprised if most of what's left goes stragiht into the shareholders pockets.
henry_ireton On May 27, 2015




London, United Kingdom
#13New Post! Jan 31, 2008 @ 13:51:23
It's not much more than HSBC made last year and I know which I'd rather give my money to.

Still I would like to see a move away from petro-chemicals.
stumblinthrulife On April 16, 2008

Deleted



Lake Saint Louis, Missouri
#14New Post! Jan 31, 2008 @ 15:40:46
OH MY GOD! IMAGINE A BUSINESS MAKING MONEY!

BASTARDS!

Oh wait, Shell is in my portfolio. Woo Hoo!

Seriously guys, you expect businesses to not be trying to make money? You don't want them to make money - stop giving them yours.
jonnythan On August 02, 2014
Bringer of rad mirth


Deleted



Here and there,
#15New Post! Jan 31, 2008 @ 15:42:24
It's common knowledge these days that corporations are bad, evil, terrible things and it's tantamount to a crime when they make profits.
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