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February 1st, 2007:

This is Money: Shell reports record £13bn profit

1 February 2007

Royal Dutch Shell today reported another profits record, after higher oil prices lifted its annual earnings to $25.36bn (£12.94bn).

The figure, which is 21% higher than a year earlier, included a better-than-expected performance in the final three months of the year, when the company’s earnings figure rose 11% to $6.01bn (£3.06bn).

The recent fall in the price of oil means analysts are expecting the year ahead to be much tougher for Shell, particularly as it will be under increasing pressure to find new sources of oil. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell Plc: Comments of Jeroen van der Veer: 1 February 2007: ‘dilution of our stake in Sakhalin II’

Investor Centre
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Thursday, February 1, 2007
VOLUME 1 ISSUE 285
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February 2007 strategy update:
Refocusing the portfolio for long-term growth
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read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: UPDATE 1-Shell Q4 profits up as output rises

Thu Feb 1, 2007 2:33am ET

LONDON, Feb 1 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) posted a 2.6 percent rise in underlying profits on Thursday, beating analysts’ forecasts, thanks to higher production and strong oil prices.

Shell said in a statement on Thursday its fourth-quarter current cost of supply (CCS) net profit, which strips out changes in the value of inventories, was $6 billion, helped by profits from selling oil and gas fields.

Exluding non-operating items, the underlying result was $5.5 billion, above an average forecast of $5.216 billion in a Reuters poll of 10 analysts. The second-largest Western oil major by market value, Shell said fourth-quarter production rose to 3.645 million barrels of oil equivalent per day (boepd) from 3.5 million boepd in the same period of 2005. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: Shell Fourth-Quarter Profit Climbs on High Oil Price (Update1)

By Fred Pals and Stephen Voss

Feb. 1 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, reported fourth-quarter profit climbed 21 percent as higher crude prices outweighed production losses in Nigeria.

Net income increased to $5.28 billion from $4.37 billion in the year-earlier period, Shell, based in The Hague, said today in a PRNewswire statement. Profit excluding one-time items and changes in inventory values was $5.5 billion, beating the median estimate in a Bloomberg survey of nine analysts. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.