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Posts on ‘October 27th, 2005’

Shell rakes in £1.5m per hour

Channel 4 News: Shell rakes in £1.5m per hour

Thurs 27 October 2005

Last Modified: 27 Oct 2005
Source: ITN

Oil giant Shell is making profits of around £1.5 million an hour, results have revealed.

The company has nearly bettered its record 2004 haul in the space of just nine months.

Surging oil prices helped to generate profits of £9.86 billion between January and September compared with £9.88 billion in the whole of 2004.

This performance was also spurred by one-off gains on the sale of assets and was in spite of lost production and damage to rigs from the summer of hurricanes in the Gulf of Mexico. read more

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