Gangle

It was announced today that shell have struggled through the though times of high oil prices to generate profits of a mere £13.12bn…
Times are obviously hard for this oil giant, but I’m sure they send their compliments to us Subaru owners for our kid support of £1.15p over the last year.
And they look forward to taking more from us in the near future…

B0DSKI

iTrader: (17)

If shell made 13bn think about how much the UK government made when 75% of the pump price goes in tax to them

PantsUK

iTrader: (1)

13bn .... globally ... from everything.. inc house hold gas, property etc etc ... so put it in context

BUT I AGREE TOTALLY FKIN ROBBING GITS !!!!

stilover

Shock Horror. Profit making British company makes profit.

It's not Shells fault petrol is £1+. It's the Duty and VAT that make it cost so much. Shell get about 23p per litre.

Greedy Greedy Gordon gets most of the rest.

_Meridian_

iTrader: (1)

Also it's meaningless without the turnover figure: anything less than about 5% is hardly robbery.


M

fivealive

Just come from my Shell Garage - they have a 50% OFF Thank You at the moment, filled the Impreza up and now taking the other cars there

danfranklin1

Most of their profits have come from exploration of new oil reserves, not prices at the pumps. They've succeeded despite the meddling of our government: this from the BBC website:

"Things are as expected, but the result in itself is a bit disappointing," said Jaap Barendregt, at FBS Bankiers.

"We could have expected somewhat more given the surprise we saw with Exxon."

In December, Shell cut its plans for North Sea exploration, blaming Chancellor Gordon Brown's tax hikes for the move.

The company had planned to hire three drilling rigs, but has decided to reduce the number to two.

Shell said it took the decision after a review prompted by the chancellor's decision to increase a charge on profits from 10% to 20%.

Instead Shell is focusing on other parts of the world; in the fourth quarter it said 20 successful exploration wells were drilled in Australia, Brazil, Brunei, Egypt, Germany, Malaysia, Netherlands, Nigeria, Oman, UK and USA.

And in November it started pumping oil from a huge new field off the Nigerian coast."

fivealive

Which he then spends on hospitals, schools, the poor and elderly ... money used to give life, hope and happiness.

Yeah ...... stinks doesn't it?

B0DSKI

iTrader: (17)

And tax dodging layabouts with no intention of working along with the thousands of migrants who make the UK they're new home every year.

So Yep it does stink

renny

iTrader: (2)

If only!