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Shell reports record $25bn profit (BBC) [View All]

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 04:57 PM
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Shell reports record $25bn profit (BBC)
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Edited on Thu Feb-01-07 04:59 PM by eppur_se_muova
Oil giant Royal Dutch Shell has reported record annual profits of $25.36bn (12.94bn) for 2006.

Strong operations in the US and growth in deep water gas production off Nigeria helped boost the fortunes of Europe's second-biggest oil company.

Shell's surging annual earnings meant the Anglo-Dutch giant generated earnings of almost 1.5m an hour.

However, analysts warned that the current year could be tougher for Shell following a fall in the price of oil.

The company added that it was continuing to deal with "major security related concerns" in Nigeria's Delta oil producing region, where attacks on pipelines have knocked production.

This makes a nice 'bookend' with Exxon-Mobil's record profit of $39.5 billion:
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