Menu
02/02/2006
Shell reports biggest ever UK profits
Oil company Royal Dutch Shell have reported the largest ever profits recorded for a UK-listed firm.
The firm reported earnings of $22.94 billion (£12.96 billion) - the equivalent of nearly £1.5 million every hour.
The figures were up almost a third on last year's profit of $17.9 billion (£9.8 billion).
The results come after a year which saw the price of crude oil rise from $45 a barrel to a record high of $70, in the wake of Hurricane Katrina.
Most of Shell's profits come from extracting oil and gas from the ground and this division was boosted because of the rising oil costs due to the bad hurricane season in the Gulf of Mexico, as well as political tensions in a number of oil producing countries.
However, the hurricanes affected production at Shell, with output falling to 3.5 million during the last quarter.
Jeroen van der Veer, Shell's Chief Executive, said: "Our good performance in the fourth quarter 2005 gives us a solid platform to build on in 2006."
Shell's results come after Texas-based oil company Exxon Mobile announced profits of $33.86 billion (£19.2 billion) last year, the largest in corporate history.
Shell's UK rival, BP, is due to report their full year profits next week.
(KMcA)
The firm reported earnings of $22.94 billion (£12.96 billion) - the equivalent of nearly £1.5 million every hour.
The figures were up almost a third on last year's profit of $17.9 billion (£9.8 billion).
The results come after a year which saw the price of crude oil rise from $45 a barrel to a record high of $70, in the wake of Hurricane Katrina.
Most of Shell's profits come from extracting oil and gas from the ground and this division was boosted because of the rising oil costs due to the bad hurricane season in the Gulf of Mexico, as well as political tensions in a number of oil producing countries.
However, the hurricanes affected production at Shell, with output falling to 3.5 million during the last quarter.
Jeroen van der Veer, Shell's Chief Executive, said: "Our good performance in the fourth quarter 2005 gives us a solid platform to build on in 2006."
Shell's results come after Texas-based oil company Exxon Mobile announced profits of $33.86 billion (£19.2 billion) last year, the largest in corporate history.
Shell's UK rival, BP, is due to report their full year profits next week.
(KMcA)
Related UK National News Stories
Click here for the latest headlines.
29 April 2008
Profits Soar At BP And Shell
Oil giants Royal Dutch Shell and BP have made massive combined profits of more than £7 billion over the last three months. The companies continue to benefit from higher oil and gas prices. BP reported first quarter profits of £3.32 billion and Shell recorded profits of £3.92 billion.
Profits Soar At BP And Shell
Oil giants Royal Dutch Shell and BP have made massive combined profits of more than £7 billion over the last three months. The companies continue to benefit from higher oil and gas prices. BP reported first quarter profits of £3.32 billion and Shell recorded profits of £3.92 billion.
11 June 2008
Unite Urges Oil Giant To "Stop Sitting On Its Hands"
Unite the union has urged oil giants Shell to stop sitting on its hands and act to avert the four day strike by tanker drivers set to begin this Friday, 13 June. Unite Assistant General Secretary Len McCluskey said: "Only Shell sets the terms of this contract and only it can solve this dispute.
Unite Urges Oil Giant To "Stop Sitting On Its Hands"
Unite the union has urged oil giants Shell to stop sitting on its hands and act to avert the four day strike by tanker drivers set to begin this Friday, 13 June. Unite Assistant General Secretary Len McCluskey said: "Only Shell sets the terms of this contract and only it can solve this dispute.
31 January 2008
Shell Profits Record Angers Stakeholders
Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits of $27.56bn (£13.9bn). The record figures have made British corporate history, which are equivalent to more than £1.5m an hour and come at the end of a three-month period when crude prices have averaged over $90 a barrel.
Shell Profits Record Angers Stakeholders
Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits of $27.56bn (£13.9bn). The record figures have made British corporate history, which are equivalent to more than £1.5m an hour and come at the end of a three-month period when crude prices have averaged over $90 a barrel.
16 July 2012
Greenpeace Protests Shut Down 53 Shell Stations
53 Shell petrol stations have been shut down by Greenpease activists in protest at the company's plans to drill for oil in the Arctic. The campaigners are attempting to shut off petrol to London's 105 Shell stations and Edinburgh's 14; 50 have been closed in London and three in Edinburgh.
Greenpeace Protests Shut Down 53 Shell Stations
53 Shell petrol stations have been shut down by Greenpease activists in protest at the company's plans to drill for oil in the Arctic. The campaigners are attempting to shut off petrol to London's 105 Shell stations and Edinburgh's 14; 50 have been closed in London and three in Edinburgh.
06 March 2014
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
Shell Wants Scotland In The UK
Ben van Beurden, the Chief Executive of the oil company Shell has said he would like Scotland to remain part of the UK. In a meeting in London he said he valued the "continuity and stability: of the UK and affirmed that the company had studied the possibilities and reached the conclusion, which was supported in the UK and UE.
-
Northern Ireland WeatherThis Evening and Tonight:Dry with good clear spells bringing a rural frost for some and some fog patches in places. Cloudier around the coast of Country Down where the odd light shower may develop. Northerly breezes persisting. Minimum temperature 0 °C.
