Geelonginfo.com: Dip in Shell profit
Friday, June 4
NOEL MURPHY
SHELL’S refining operations have posted a profit of $183 million for the 2003 year, pushing the oil company’s total profits for the year to $815 million.
The figure, a drop of $20 million on Shell’s oil products $203 million profit in 2002, came as the company poured $178 million into capital works at its Geelong and Clyde refineries.
Shell’s upstream operations – its exploration, production and natural gas business – returned a profit of $632 million, down $31 million on the previous year’s $663 million.
Shell described the performance as robust despite the falling profits.
“The underlying growth in profitability associated with the successful start-up of the Coles Myer Alliance and strengthening refinery margins was masked by a combination of one-off credits in 2002 and accounting write-offs in 2003,” Shell Australia chairman Tim Warren said.
“Refining margins increased due to the growth in Asian fuel demand, which has reduced the extent of surplus fuel production. “Our alliance with Coles Myer continues to exceed our expectations and we expect to see the full benefits in our 2004 results.”
Mr Warren said most of the capital expenditure at Geelong and Clyde went into cleaner fuels and improved environmental performance. “Our business successes in 2003 provide a robust platform from which we will continue to deliver on our long-term commitments to Australia’s, in both our businesses,” he said. “In the past year, we contributed approximately $4 billion in government revenues and sourced $1.3 million billion worth of goods and services from Australian businesses.”
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.
