THE WALL STREET JOURNAL: High Oil Prices Boost Shell Profit, Offsetting, Lower Refining Margins
By BENOIT FAUCON
April 29, 2008 1:58 a.m.
LONDON — Royal Dutch Shell Tuesday said its first-quarter net profit rose 25%, as rocketing oil prices more than offset lower refining margins.
Shell said net income was $9.08 billion, or $1.46 a share, for the quarter ended March 31, compared with $7.28 billion, or $1.15 per share, in the same period a year earlier.
The profit figure shows how major oil companies are still able to capture the benefits of record oil prices, which have been boosted by continuing unrest in Nigeria and tensions between Iran and the West.
Shell, the world’s second-largest, non-government-controlled oil company by market capitalization after Exxon Mobil Corp., posted first-quarter revenue of $114.3 billion, up 55.6% from $73.48 billion in the year-earlier period.
More details to come shortly.
Write to Benoit Faucon at [email protected]
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Headline by John Donovan of www.royaldutchshellplc.com
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.
