July 27, 2007
Carl Mortished, International Business Editor
The world’s dirtiest oil is producing the highest profit per barrel for Royal Dutch Shell, which yesterday said it would begin to report the earnings of its controversial Canadian oil sands operations as a separate business unit.
Shell showed a clean pair of heels to its competitors yesterday, revealing a profits surge from refining which helped to boost the oil group’s earnings from $6.3 billion to $7.5 billion in the second quarter. In contrast, BP this week reported a 1 per cent fall in profits to $6 billion owing to its weak US refining business, while ExxonMobil, attributed a slippage in profits to $10.2 billion to weaker natural gas profits.
The huge profit margin from bitumen mined from tar sands in northern Alberta has persuaded Shell to make more financial disclosure in future about the Canadian operation, which is criticised by environmentalists for its carbon emissions.
According to Shell’s 2006 accounts, oil sands contributed $651 million in profits out of a total of $12 billion for the upstream business of producing crude oil. However, the synthetic crude made from dirty bitumen generates a posttax profit of $21.75 per barrel, compared with Shell’s average profit per barrel of crude of just $12.41.
The burgeoning profitability is pushing Shell to place oil sands on display and Jeroen van der Veer, chief executive, said the business would be shifted from the exploration unit to the downstream, refining unit, in recognition that oil sands are a mining and refining operation.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2148631.ece
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.
