Published: Jul 20, 2006
SYDNEY (XFN-ASIA) – Woodside Petroleum Ltd is in danger of missing its internal profit targets after a string of production and exploration problems, and has ordered heavy cuts in costs to ensure it can maximize returns from record high oil prices, The Australian reported, quoting an unidentified source in the company.
The newspaper said some employees had been advised this week that the company is aiming for a record profit this year, with the challenge of topping 1 bln aud in the second half alone.
But internal projections say earnings are running hundreds of millions of Australian dollars below this level.
The board is understood to have endorsed a strategy to “eliminate all costs not associated with runtime, mechanical integrity, safety, environment or training”, the newspaper said.
Woodside has reduced its forecast of production for this year to 72 mln barrels of oil equivalent from 76 mln.
Managers have told employees that Woodside is regarded as being about 50 pct less profitable than it should be for the assets it holds.
In February, Woodside reported that underlying profit last year increased 1.0377 bln aud from 671.8 mln aud in 2004.
The company does not give the stock market guidance about its earnings, but it is due to release today its production figures for the second quarter.
Woodside is 34 pct owned by the Royal Dutch Shell group.
(1 usd = 1.33 aud)
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.
