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Shell News Monday, 31 January 2005

Shell News Monday, 31 January 2005

ChannelNewsAsia: Shell, Caltex Masters tournament raise funds for tsunami victims: “Petrol company Shell has raised more than S$718,000 in donations for the Singapore Red Cross to help tsunami victims. The money was raised from a 5-cent donation from every litre of petrol and diesel it sold for a week. (ShellNews.net) 31 Jan 05

BLOOMBERG: BP, European Energy Stocks May Regain Lead on Earnings Outlook: “Shell’s fourth-quarter net income probably more than doubled to $4.91 billion, according to the median estimate of seven analysts surveyed by Bloomberg News.” (ShellNews.net) 31 Jan 05

FINANCIAL TIMES: US groups win Libyan oil exploration permits: BP and Royal Dutch/Shell Group also missed out. (ShellNews.net) 31 Jan 05

FINANCIAL TIMES: Exxon likely to buck trend with boost to reserves: “Royal Dutch/Shell, which will report last year’s earnings on Thursday, may have replaced just 40-60 per cent of its reserves last year, according to analysts’ estimates.” (ShellNews.net) 31 Jan 05

THE LONDON TIMES: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the Anglo-Dutch oil giant, will report its fourth-quarter results on Thursday. Analysts predict pre-tax profits of $17.4 billion (£9 billion) for the year, from $11.2 billion a year earlier.” (ShellNews.net) 31 Jan 05

The Guardian (UK): Record profits put oil firms on tax alert: “Martin O’Neill, chairman of the powerful trade and industry select committee, raised the spectre of a fresh tax when he told Shell executives giving evidence on fuel prices that “Shell’s profits are beyond the dreams of avarice.” (ShellNews.net) 31 Jan 05

BBC NEWS: Shell profits ‘to top UK record’: Shell has been bidding to rebuild investor confidence: “Oil giant Shell is this week reportedly set to announce the largest profit in UK corporate history on the back of record oil prices.”: “So far it has cut its reserves estimates by 4.47bn barrels. A further 900m barrels of reserves are said to be “under consideration”. (ShellNews.net) 31 Jan 05

CommonDreams.org  Is It Time For A Corporate Death Penalty Act?: “In his history of Shell Oil Company, Riding the Dragon: Royal Dutch Shell & the Fossil Fire, Jack Doyle documents hundreds of cases of human rights violations, pollution, injury and death caused by the company and its leaders” (ShellNews.net) Posted 31 Jan 05

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