DAILY MAIL (UK): Shell fuels controversy as profits soar by 42pc
Posted 30 April 05
By Brian O’Connor
SHELL and Exxon Mobil made huge profits in the quarter to March, bringing fresh protests from motorists and consumer groups squeezed by soaring oil prices.
Fears for the world economy continued as US crude prices, which briefly fell below $50 for the first time in 10 days, rebounded to $51.85.
Shell’s profits soared 42pc to $6.67bn (£3.5bn), a whisker above the $6.66bn that BP reported this week.
Profits at Exxon, the biggest of the three global giants, rose 44pc to $7.86bn (£4.1bn). Between them, the trio made £11bn in the quarter.
Shell chief executive Jeroen van der Veer called it ‘a very strong performance across all the businesses’ and set the quarterly dividend at 4.55p.
Unlike BP, which excels in ‘upstream’ production, Shell made most of its profits from its ‘downstream’ refining and petrol stations. It refused to say how much it made in Britain but claimed to have lost money on petrol retailing. Group profits from oil products rose 59pc as it upgraded refineries to process more ‘heavy’ crude.
Shell still has a lot of repair work to do following the oil reserves scandal and after replacing only 19pc of its reserves with new finds last year. In June it will publish details of how it is meeting the US Securities and Exchange Commission guidelines.
Van der Veer welcomes moves to review the guidelines.. ‘They are not easy to understand for the public. Different companies make different reserve bookings for the same field,’ he said.
Oil firms are in bad shape despite record profits, says The Economist magazine. As reserves dwindle, they need to reverse cost cuts and invest heavily. Two-thirds of world reserves are in five countries, whose power will grow.
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.
