£13.9 Billion Record Profits for Shell in 2007

[Aberdeen Shrimper]

Rows are flaring up all over Scotland and beyond as Shell reveals its biggest ever profits wile fuel prices continue to rocket.

£13.9 Billion equates to hourly gains of £1.5 Million, of £25,000 every minute of the year.

I personally think that is obscene, although you can not blame Shell, as it is the world market that decides the Oil prices and not the oil companies.

What worries me more than anything is that Shell are in the middle of streamlining there operations which is expected to lead to hundreds of job losses...Shell employees over 2,500 in Aberdeen which has not changed in the last 5 years.

 

[BLUEBLOOD]

Vaguely related ... i buy loads of engineering oil from Shell and all their prices are going up 10p a litre from midnight ... with profits like that i think the price should've dropped 10p a litre :guns: :guns:

 

[Aberdeen Shrimper]

Vaguely related ... i buy loads of engineering oil from Shell and all their prices are going up 10p a litre from midnight ... with profits like that i think the price should've dropped 10p a litre :guns: :guns:

It is quite shocking isn't it

 

[BLUEBLOOD]

It is quite shocking isn't it

Considering i buy about 20,000 litres a year it is :mad: :mad: :mad:

 

[sufcintheprem]

As soon as the government and OPEC intervened in the market, it became almost impossible to criticise oil companies.

Just as with every business, if you don't like it, don't buy their product. If enough people can't stop going there then they must be doing something right to earn that profit or sell a product that is one notch short of addictive.

 

[Yorkshire Blue]

I thinks it a disgrace that a British (well maybe Anglo-Dutch) company is successful.

How are we ever going to solve the pension crisis if they keep on paying dividends to the pension funds that own Shell?

 

[Interpol Shrimper]

One word

SCUMBAGS

:finger:

 

[sufcintheprem]

Vaguely related ... i buy loads of engineering oil from Shell and all their prices are going up 10p a litre from midnight ... with profits like that i think the price should've dropped 10p a litre :guns: :guns:

They are there to make money you know!

 

[SUFC_Al]

I've had better years :rolleyes:

 

[osymandus]

I thinks it a disgrace that a British (well maybe Anglo-Dutch) company is successful.

How are we ever going to solve the pension crisis if they keep on paying dividends to the pension funds that own Shell?

Theres succesful and theres taking the ****. A report this morning said that British companies avoided buying at otal of £12 Billion in tax , and individuals (wealthy) avoid £13 Billion. Now that would help the pensions fund .

also these obsecene profits dont help anyone , teh more a company makes teh more their suppliers , logistics , employes "charge" for thier services . The more invlated they become which then pushes up local economies . It needs a limit (maybe 2.5 Billion ;) )

 

[RobM]

Problemis,oil reserves are becoming more difficult to find and worse, more costly to exploit. A lot of that money will go back in exploration and extraction. Don't forget it's not just petrol & diesel - there are chemicals, oils, waxes, bitumen, component feedstocks for other blenders, gases, sulphur etc.

 

[Aberdeen Shrimper]

I thinks it a disgrace that a British (well maybe Anglo-Dutch) company is successful.

How are we ever going to solve the pension crisis if they keep on paying dividends to the pension funds that own Shell?

It is an American company

 

[Aberdeen Shrimper]

Problemis,oil reserves are becoming more difficult to find and worse, more costly to exploit. A lot of that money will go back in exploration and extraction. Don't forget it's not just petrol & diesel - there are chemicals, oils, waxes, bitumen, component feedstocks for other blenders, gases, sulphur etc.

The reserves are drying out as you say but Shell and BP are only spending a fifth on Exploration than they did 6 years ago. A lot of the Exploration guys have moved on.

Shell are not interested in the small wells and sell them off to smaller Australian and Canadian companies. This also has a lot to do with the cost of decommissioning a platform.

Folk seem to forget that 3/4 of the countries gas comes through Bacton terminal in East Anglia and this is supplied directly from the platforms in the Southern sector of the North Sea, the Southern sector predominantly produces gas and the Northern sector (Aberdeen) produces Oil.

 

[Mad Cyril]

A lot of Shells profits came from BBQ briquettes, Ginsters pasties, King sized Rizzlas and Feu Oranges.

 

[Aberdeen Shrimper]

A lot of Shells profits came from BBQ briquettes, Ginsters pasties, King sized Rizzlas and Feu Oranges.

you mean from the Petrol Station near Scotts house????

 

[Yorkshire Blue]

It is an American company

What criteria are you using to call it an American company?

 

[Aberdeen Shrimper]

What criteria are you using to call it an American company?

If you are splitting hairs.....it was started by a guy that used to sell shells in London, but now with Shell operating in over 130 countries i guess it is really a global company as a pose to being ladled British, American, Dutch or who ever

 

[Yorkshire Blue]

If you are splitting hairs.....it was started by a guy that used to sell shells in London, but now with Shell operating in over 130 countries i guess it is really a global company as a pose to being ladled British, American, Dutch or who ever

It was you who questioned where it was from when I described it as Anglo-Dutch :p

I think it is a British registered company, listed in Britain (possibly dual-listed), but run from the Netherlands.

I can't see what the problem is with a company being successful. If you think its petrol is too expensive stop buying it.

 

[Aberdeen Shrimper]

It was you who questioned where it was from when I described it as Anglo-Dutch :p

I think it is a British registered company, listed in Britain (possibly dual-listed), but run from the Netherlands.

I can't see what the problem is with a company being successful. If you think its petrol is too expensive stop buying it.

Were exactly did i say that i had a problem with them being successful??

My wife is a senior HR Manager for Shell so i have vested interest in them being successful

 

[Interpol Shrimper]

Were exactly did i say that i had a problem with them being successful??

My wife is a senior HR Manager for Shell so i have vested interest in them being successful

Until she gets that job with Arsenal or Spurs :D