Shell’s results beat its European rival BP
Thursday, 25 October 2007, 06:50 GMT 07:50 UK
Lower oil production and rising costs hurt Royal Dutch Shell’s business in its third quarter.
Shell’s earnings – measured by current cost of supply – fell 8% from a year earlier to $6.4bn (£3.1bn), down from $6.9bn.
Despite the loss, the results still beat analysts’ downbeat forecasts of $5.6bn, helped by the oil price setting a series of record highs recently.
Earlier this week, UK rival BP saw third-quarter profits slump 45%.
Shell said crude oil production in its third quarter period was down 9% compared to a year ago, partly as a result of the firm selling its majority stake in the Sakhalin-2 oil and gas project to Russia’s Gazprom earlier this year.
Higher production costs also ate into Shell’s earnings.
It said these were industry-wide problems, and given the weaker refining margins, Shell chief executive Jeroen van der Veer called the results “satisfactory”.
He added: “We continue to rejuvenate our portfolio with sustained investment in new legacy assets, and through disposals. The execution of our strategy is on track.”
http://news.bbc.co.uk/1/hi/business/7061214.stm
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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.
