The Independent: Shell reports £1.3m-an-hour profits
By David Winning, PA City Staff
Published: 28 July 2005
The oil giant Royal Dutch Shell unveiled half-year profits of £5.84 billion today, as it posted its first results as a unified company.
The figure – equivalent to £1.3 million an hour – mirrors the profits of rival BP earlier this week, which established a new record for a UK company.
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.
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.
The Anglo-Dutch group swept aside 100 years of history with its unification last week – a move designed to eliminate the failings that led to the reserves fiasco.
Many shareholders blamed its historic structure of two sets of directors meeting separately in the UK and the Netherlands for contributing to the crisis.
The oil giant Royal Dutch Shell unveiled half-year profits of £5.84 billion today, as it posted its first results as a unified company.
The figure – equivalent to £1.3 million an hour – mirrors the profits of rival BP earlier this week, which established a new record for a UK company.
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.
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.
The Anglo-Dutch group swept aside 100 years of history with its unification last week – a move designed to eliminate the failings that led to the reserves fiasco.
Many shareholders blamed its historic structure of two sets of directors meeting separately in the UK and the Netherlands for contributing to the crisis.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
