Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘April 29th, 2005’

Lloyds List: LNG lifts Shell earnings by 29%

Lloyds List: LNG lifts Shell earnings by 29%

Martyn Wingrove

Apr 29, 2005

RECORD sales of liquefied natural gas and higher output from three LNG projects helped boost Royal Dutch/Shell’s earnings by 29% to $5.5bn in the first quarter.

The Anglo-Dutch oil supermajor had a 15% rise in LNG sales volumes to 2.88m tonnes in January-March as it raised output from projects in Australia, Malaysia and Nigeria.

‘We continued to build our leading position in LNG in the first quarter with LNG sales growth of 15% to a record level,’ said Royal Dutch’Shell’s chief executive, Jeroen van der Veer. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

FINANCIAL TIMES: Lex: Marathon task: “Shell’s reserves problem remains”

FINANCIAL TIMES: Lex: Marathon task: “Shell’s reserves problem remains”

29 April 05

In the 1960s film The Loneliness of the Long Distance Runner, the protagonist toiled across rough terrain as punishment for prior transgressions. Shell must know how he felt. Since last year’s initial reserves downgrade, the Anglo-Dutch oil major has made big strides in restructuring, returning cash and redeploying capital. As with arch-rivals ExxonMobil and BP, first-quarter results for 2005 beat expectations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

FINANCIAL TIMES: Shell investors in line for extra windfall

FINANCIAL TIMES: Shell investors in line for extra windfall

By James Boxell

Published: April 29 2005

Royal Dutch/Shell could return more money to shareholders than expected this year if oil prices remain more than $50 a barrel.

The Anglo-Dutch energy company yesterday followed the lead of BP, its bigger rival, by reporting record profit of $5.5bn (£2.88bn) for the first three months of the year, despite a 5 per cent year-on-year decline in oil and gas production.

Shell has lagged far behind BP and ExxonMobil of the US in the scale of share buy-backs as it recovers from last year’s reserves overbooking scandal. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Guardian: Shell beats forecasts with 28% rise in profits

The Guardian: Shell beats forecasts with 28% rise in profits

Terry Macalister

Friday April 29, 2005

Shell plans to hand over $15bn (£7.9bn) to investors through dividends and share buybacks this year after beating City forecasts with a 28% rise in first-quarter profits.

The strong results came on the back of soaring oil and gas prices but masked an 8% fall in the Anglo-Dutch group’s hydrocarbon production.

Jeroen van der Veer, the chief executive, described the $5.6bn cost of supply earnings as an “excellent start to the year”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE TIMES: Shell trumpets oil finds as profits soar 28%

THE TIMES (UK): Shell trumpets oil finds as profits soar 28% 

29 April 05

By Mike Verdin, Times Online

Higher crude and chemical prices have helped Royal Dutch/Shell report a 28 per cent rise in profits, with the oil giant noting “encouraging” results in a drilling drive launch to increase a weak level of reserves.

Shell’s profits, on a current cost of supply basis, reached $5.54 billion (£2.91 billion) for the first three months of the year despite a dip in oil production. The figure beat City forecasts, even once $220 million gains from asset sales were excluded. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

DAILY TELEGRAPH: Shell leaps 48pc on buoyant oil price

DAILY TELEGRAPH: Shell leaps 48pc on buoyant oil price

By Christopher Hope, Business Correspondent (Filed: 29/04/2005)

Shell, the oil and gas giant which is trying to recover its reputation after last year’s reserves scandal, yesterday posted a 48pc jump in first-quarter profits on the back of the surging oil price and high refining margins.

However overall production was down 2pc to 3.85m barrels of oil equivalent a day, excluding divestments. Shell has recently increased spending on exploration and production to ramp up its production rate. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE TIMES: Shell profits surge 28% despite production fall

THE TIMES (UK): Shell profits surge 28% despite production fall

By Carl Mortished, International Business Editor

April 29, 2005   

SHELL pleased its investors yesterday with unexpectedly strong quarterly earnings, helped by high oil prices and refining margins.

Profits for the first three months of the year on a current cost basis were up 28 per cent to a record $5.55 billion (£2.9 billion), roughly equal to its rival BP, which reported first-quarter earnings on Tuesday.

The Anglo-Dutch company’s report was free of unwelcome surprises about oil and gas reserves but production continues to decline at the world’s third-largest oil company. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE TIMES: Shell must stop tinkering and start delivering fast

THE TIMES (UK): Shell must stop tinkering and start delivering fast

29 April 05

By Jenny Davey

Tempus   

A QUARTERLY earnings report from Shell unsullied by news of reserves downgrades is a welcome development, but yesterday’s figures gave investors few clues about how the company will substantially raise its game. Shell made a bundle of money in the first quarter but so did BP, their profits were about equal and ExxonMobil yesterday reported earnings that were greater by half as much again than BP and Shell. Even so, US investors sold ExxonMobil stock yesterday — the bulging coffers were not stuffed enough, they said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

THE INDEPENDENT (UK): Shell profits surge despite cut in production

THE INDEPENDENT (UK): Shell profits surge despite cut in production

By Michael Harrison Business Editor

29 April 2005

Royal Dutch/Shell reported record first-quarter profits yesterday of $5.5bn (£2.9bn) despite a sharp fall in oil production as output declined from some of its ageing fields.

The 29 per cent increase comfortably outstripped analysts’ forecasts and came on the back of surging oil prices and higher refining margins. But in an effort to limit criticism of its record profits at a time of soaring petrol prices, Shell said its UK retail business had made a loss in the three-month period. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
%d bloggers like this: