By Daily Mail Reporter
Last updated at 8:43 AM on 28th April 2010
Oil giant Royal Dutch Shell today revealed that profits rose almost 50 per cent during the first three months of the year as it joined rival BP in benefiting from higher oil prices.
The Anglo-Dutch firm reported earnings of $4.9bn (£3.2bn) for the first three months of the year – just one day after BP posted profits of $5.6bn (£3.6bn) for the same period.
The profit surge has been fuelled by a marked increase in the price of crude oil. At the height of the recession in 2009, the average price of oil was just above $41 a barrel. In contrast, the average price for the first quarter of 2010 stands at $76 a barrel.
The company cut 5,000 jobs last year and will remove another 1,000 in 2010 – mainly in downstream and corporate functions – to make it more competitive against its rivals.
Despite the strong figures, Voser warned of a challenging year ahead. So far in 2010, oil prices have remained firm, and demand for petrochemicals has increased, but refining margins, oil products demand and spot gas prices all remain under pressure, he said.
Although there are signs of an improving economic outlook, we are not relying on it. We are continuing with our focus on cash flow growth, underpinned by new project start-ups and lower costs.’
Shares in the group held broadly steady when markets opened this morning, rising 1.28 per cent to 2,023.00p.
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.
