DAILY MAIL
By Daily Mail Reporter
Last updated at 10:12 AM on 29th October 2009
Oil giant Royal Dutch Shell today announced it was cutting 5,000 jobs as weaker oil prices and the ailing global economy saw profits plunge.
The Anglo-Dutch company reported a decrease in profits of 73 per cent to $2.99billion (£1.83billion) between July and September.
Chief executive Peter Voser said that despite some positive signs the outlook for the industry remained tenuous.
We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery, he said.
Continuing its previously announced restructuring programme – which saw senior management numbers cut 20% – Shell added that a further 5,000 staff would be leaving the company by the end of the year. The cut represents around 5% of the firms global workforce of just over 100,000.
The plan has already slashed operating costs by $1billion (£686million) in the first nine months of the year.
Mr Voser said: ‘Our strategy remains on track, although the near-term industry outlook remains challenging.
Despite the fall in profits, Shell’s results were ahead of market expectations. However this was overshadowed by results reported earlier in the week by rival BP which outstripped analyst forecasts by 50 per cent on Tuesday.
BP shares rocketed 5 per cent after the company reported cost savings of $3billion, exceeding expectations, and a rise in production of 7 per cent compared to the previous year.
Profits for the quarter halved to $4.98billion. Shell said oil and gas production for the period was unchanged on a year earlier, although the figure was higher on an underlying basis. Following the update, the company’s shares slipped 3 per cent in early trading.
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.
