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Shell Profits Up 60 Percent

News Flash: Shell Posts $8.5 Billion Profit

Shell generated a profit of $8.5 billion in just three months. So if you were taking the birth control that lets you menstruate seasonally, Shell would have raked in that amount of money between your periods! Their earnings are up 60 percent from last quarter and the company's full-year $31.3 billion profit for 2007 set a record for a European company. Despite the huge numbers, Shell's CEO said that the results were "satisfactory" and Forbes points out "crippling costs and disappointing margins lay beneath the surface." They're producing less oil and if the slowing economy lowers oil prices the company's performance would slide. Unite, the UK's largest trade union, is asking consumers to question the excessive profits while emptying their pockets to fill their tanks.


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caligirl101 caligirl101 9 years
I heard for every dollar they make the pay 2.50 in taxes. That's a lot of $
chakra_healer chakra_healer 9 years
I do not drive and am trying to buy locally. Definitely attempting to not contribute to this nonsense. They should feel shame at these profits, people are giving up necessities like adequate food and care just to afford a work day commute. Tragic that our Reps are largely in the pocket of these companies and will either not propose a way to end the dependence on fossil fuels, or gut legislation that passes. :(
Linny Linny 9 years
Um- really weird time to bring up the ol' period. Who's mind goes there when talking about something completely unrelated?
jenehfur jenehfur 9 years
Seriously with the cycle comment? Wow ;x
bellaressa bellaressa 9 years
Really, that's all there profit is. Why did I expect a lil bit more.
tiff58 tiff58 9 years
Sorry...just found it. Their profit margin in 7.6%, which isn't all that high.
tiff58 tiff58 9 years
Does anyone know what their profit margin is?
Neekoh Neekoh 9 years
Why the odd analogy, Savvy?
erratic-assassin erratic-assassin 9 years
that's some BANK!
Lovely_1 Lovely_1 9 years
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