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Member Since: 12/2007Last Seen: 4/25/2009

Shell's 'obscene' £13.9billion profit is biggest ever by British company

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Shell smashed all-time British company profit records today, posting 2007 earnings of $27.5billion (£13.9billion), and immediately ran into a storm with union leaders, who are demanding the Government hits the oil giant with a windfall tax.

Shell's profit surge - it is now making a staggering $75million (£38million) a day - on the back of a booming oil price that touched $100 a barrel this winter, was labelled as "obscene" by Tony Woodley of Unite, the UK's largest trade union, as Britons struggle with soaring energy costs.

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{"commentId":1421867,"authorDomain":"ehad-aham"}

$75 million a day! Now that's some profit.

{"commentId":1421867,"threadId":"211873","contentId":"1268972","authorDomain":"ehad-aham"}
    Reply#1 - Thu Jan 31, 2008 1:16 PM EST
    {"commentId":1424392,"authorDomain":"adventurebooks"}

    ehad: I'm sorry this article didn't get much attention. It should have...

    As a point of note, Shell gasoline is pretty much the most expensive in the United States. MANY customers do not pay cash at Shell, but use their Shell credit cards...another nice source of income for the oil company because of the interest rates.

    {"commentId":1424392,"threadId":"211873","contentId":"1268972","authorDomain":"adventurebooks"}
    • 1 vote
    Reply#2 - Fri Feb 1, 2008 12:00 AM EST
    {"commentId":1426315,"authorDomain":"ehad-aham"}

    It's not just shell. But it is sad this article didn't get any attention.

    {"commentId":1426315,"threadId":"211873","contentId":"1268972","authorDomain":"ehad-aham"}
      #2.1 - Fri Feb 1, 2008 2:30 PM EST
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