By Daniel Adugbo: 5 May 2017
Houston, U.S.A. — The net profit of Royal Dutch Shell more than doubled in the first three months of 2017, surpasing predictions by analysts as rebounding oil prices and refining gains helped to boost the company’s revenue.
The company’s first quarter 2017 financial results released yesterday showed that net income attributable to shareholders in the quarter, based on a current cost of supplies (CCS), rose by $2.2 billion.
CCS is a number similar to the net income that US oil companies report.
It generated a cash flow of $9.5 billion in the quarter, up 13 fold from a year earlier, and the strongest among its rivals like Total and Exxon.
“We saw notable improvements in Upstream and Chemicals, which benefited from improved operational performance and better market conditions,” its chief executive, Ben van Beurden, said.
Shell, with operations in more than 70 countries, is Nigeria’s oldest energy company producing oil in various joint and production sharing arrangements with NNPC and other foreign oil companies.
It, however only recently resumed production at its 225,000 barrels per day Bonga field in Nigeria, an exercise to ensure sustained production and reduced unscheduled production deferments.
The oil giant said it is investing around $25 billion this year while it expects the delivery of new projects to generate $10 billion in cash flow from operating activities by 2018.
In its upstream operations in the first quarter, Oil and gas production rose 2 percent to 3.752 million barrels of oil equivalent from 3.905 million barrels in the fourth quarter of 2016 as a number of new fields continued to ramp up in Brazil and Kazakhstan in particular.
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.
