Posts from ‘July, 2008’
BRIEF-Shell CEO less sure speculation causing volatile oil
Thu Jul 31, 2008 5:26am EDT
July 31 (Reuters) – Royal Dutch Shell Plc Shell CEO says less sure that speculation is to blame for oil price volatility after study
(Reporting by Alex Lawler)
MORE ENERGYBP CEO meets TNK-BP shareholder Fridman-sources Neste Oil diesel line down starting mid-August Neste Oil sees no fall in sight for diesel margins UPDATE 1-Australia’s Origin Q4 output jumps, boosts full-year More Energy News…
RELATED BLOG POSTSShell grilled by U.K. Treasury Select Committee over role of speculation in the rise of oil prices Shell may process oil sands crude at US refineries Little hope oil summit will cut prices: Shell CEO Jeroen van der Veer Speculation bill: Can somebody help me with this?
Shell: record 2Q net profit of $11.6 billion
The Associated Press Published: July 31, 2008 AMSTERDAM, Netherlands
Shell Q2 profits up 5 pct on high oil prices: net income to $7.9 billion on the back of high oil prices
Shell Q2 profits up 5 pct on high oil prices
Thu Jul 31, 2008 7:15am BST
LONDON, July 31 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote,Profile, Research) reported a 5 percent rise in second-quarter current cost of supply (CCS) net income to $7.9 billion on the back of high oil prices.
The world’s second-largest non-government controlled oil company by market value said in a statement on Thursday that the CCS result included a non-operating gain of $73 million.
Excluding such one-off items, the “clean” CCS or underlying result was $7.8 billion, compared to an average forecast of $8.3 billion in a Reuters poll of nine analysts and $6.90 billion in the same period of 2007.
July 31, 2008
In the know: Hikma Pharmaceuticals, CSR, Royal Dutch Shell
Bet of the day
Royal Dutch Shell reports second-quarter earnings this morning. This week BP, its great rival, reported better than expected profits buoyed by record oil prices. How will Shells numbers compare? Odds of 2-1 are being offered by www.BetsForTraders.com that Shells share price is above £18.40 in five market days.