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The Australian Financial Review (abstracts): Shell gets off to a good start

The Australian Financial Review (abstracts): Shell gets off to a good start

4 June 2005

Shell Australia has been working to improve its results by boosting refinery margins and performance from January to May. The Australian oil refinery’s share of the retail petrol market rose to 23%, from 17%, due to gains from a marketing alliance with retailer Coles Myer. Shell posted a 2004 profit of $587m, down from 2003’s $815m, due to limited earnings from its downstream, upstream and LNG businesses. Shell’s overall 2004 revenue, however, increased to $14.44bn from the previous year’s $12.94bn.

Abstracted from: The Australian Financial Review

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