Forbes/AFX News Limited: Shell Australia lifts 2005 EBIT 70 pct to 1.23 bln aud
SYDNEY (XFN-ASIA) – Royal Dutch Shell unit Shell Australia said its profit before interest and tax jumped almost 70 pct in 2005 to 1.23 bln aud, on the back of record high oil prices and improved operations at its two refineries.
In a report released last night, Shell Australia said the profit rise was underpinned by its upstream oil and gas production operations off the coast of Western Australia that generated 968 mln aud in profit before tax and interest in 2005, up from 708 mln in 2004.
Earnings from the downstream oil refining and petrol retailing operations jumped to 300 mln aud from 43.5 mln, driven by higher refining margins on the back of strong global demand.
Shell Australia spent 467 mln aud on its upstream business last year, largely in exploration on the proposed Gorgon liquefied natural gas development joint venture led by ChevronTexaco off the north-west Australian coast.
Shell Australia chairman Russell Caplan said the company is committed to increasing gas production in Australia, where Shell is a participant in the North West Shelf LNG joint venture.
Caplan said the company anticipates strong growth in gas demand, adding that its upstream business in Australia is well placed to supply to the expanding market.
'We're hopeful that our ambitious drilling program will further strengthen our position,' he said.
(1 usd = 1.33 aud)
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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.
