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International Herald Tribune

Shell’s pension underfunded

International Herald Tribune: Royal Dutch Shell's Dutch pension fund has fallen into deficit as share market turmoil knocked 40 percent off the fund's value, forcing the oil major and employees to increase contributions

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Further signs of stress in Canada’s oil sands

Oil majors like Royal Dutch Shell and other companies are re-examining the viability of oil sands development in an area that could hold as much as 175 billion barrels of oil. Only Saudi Arabia has more than Alberta.

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.

Shell and Abu Dhabi target offshore gas production

ABU DHABI, United Arab Emirates: Abu Dhabi National Oil Co. and a division of Royal Dutch Shell say they have signed a deal to explore the possibility of developing deep natural gas fields off the emirate's coast.

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.

International Herald Tribune: Russia aids 35% profit rise at BP

International Herald Tribune: Russia aids 35% profit rise at BP

Bloomberg News Tuesday, July 27, 2004

Higher prices also lift quarter’s results

LONDON BP, Europe’s largest oil company, said Tuesday that its second-quarter profit increased 35 percent, helped by record oil and gasoline prices and a jump in Russian production.

Net income rose to $3.43 billion, or 15.7 cents a share, from $2.54 billion, or 11.5 cents, a year earlier, the company said. The profit, the second-highest in the company’s history, foreshadows profit reports due on Thursday from Royal Dutch/Shell Group and Exxon Mobil. BP, Shell and Exxon are thought to have earned a combined $13.63 billion last quarter, according to analysts at Deutsche Bank. 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.