By Richard Blackden
Last Updated: 8:12am BST 26/07/2007
Oil giant Shell has seen its second-quarter profits rise faster than rival BP after the company made more money from its refining operations.
Profits climbed to $7.5bn from $6.3bn in the same period in 2006, helped by record prices for petrol in the US.
Chief executive Jeroen van der Veer said: “We have delivered another set of competitive results, driven by operating performance.”
While crude oil prices were lower in the second quarter than in the equivalent period in 2006, Shell was boosted by jump in US petrol prices during the period. US petrol retail prices hit a record $3.22 a gallon in May.
Shell’s numbers come two days after BP reported that its second quarter replacement cost profit fell by 1pc to $6.09bn after lower oil and gas production and problems at some of its refineries.
BP’s new chief executive Tony Hayward also took the opportunity to dismiss rumours that BP was mulling multi-billion pound tie-up with Shell.
Shell today increased its dividend 14pc to $0.36.
Shell, which admitted in 2004 that it had overstated the extent of its reserves, said today that it is investing to ensure future supplies.
Mr van der Veer said: “We continue to see competitive growth opportunities based on our technological strengths, by making disciplined capital choices, in an industry of both higher energy prices and higher costs.”
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/26/bcnshell126.xml
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.
