Oct. 27 (Bloomberg) -- Royal Dutch Shell Plc and BP Plc, Europe's largest oil companies, may say third-quarter earnings rose from a year earlier while falling short of record second- quarter profits, after crude fell 53 percent from its July peak.
Oil Company Profits
Shell, BP May Post Higher Profit; Investment Plans Under Review
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Calls for windfall tax as oil giants make £6 million an hour
Tony Woodley, joint general secretary of the Unite union, described the oil giants' profits as "eye-popping" and "immoral".
Anger over BP and Royal Dutch Shell profits
The pair will reveal the gains - equivalent to about $77m a day for both companies - just days after Gordon Brown threatened to call in the Office of Fair Trading to investigate fuel pricing if companies did not pass on the recent drop in the oil price to consumers.
Motorists’ fury as fuel giants Shell and BP make £4m profit every HOUR
By FRANCO CAPALDO and DAN ATKINSON
Last updated at 10:02 PM on 25th October 2008
BP and Royal Dutch Shell will this week report massive third-quarter profits totalling nearly £9 billion, angering motorists who are still paying high prices at the petrol pumps.
BP, Europe’s second-biggest oil company after Shell, is on Tuesday expected to report profits of £4.2 billion for the three months to the end of September – a stunning 130 per cent jump on the same period last year.
Shell is set to report a 48 per cent rise on its third quarter last year to £4.6 billion two days later.
Chevron’s Net to Set Tone for Industry
The underlying message this quarter from Chevron, Exxon Mobil Corp., BP PLC and Royal Dutch Shell PLC may well be that they are the corporate equivalent of giant ocean tankers: big, durable and built to withstand oil-price volatility.
These corporations are robbing from the poor to give to the rich and they know it: robber barons…
She has kicked off with a populist yet idealistic campaign for cheaper fuel, funded by taxing the oil corporations: "Just three companies - BP, Centrica, and Shell - together made £1000 profit every second over the first 6 months of this year. These corporations are robbing from the poor to give to the rich and they know it. And it's about time they learned that in a progressive democracy, there is no place for robber barons."
Conoco Nets $5.44 Billion In Global Oil Boom
The second-quarter earnings release sounded notes of caution that are likely to be repeated next week when Exxon Mobil Corp., BP PLC and other large oil companies report: a weak refining environment, rising costs and falling production of crude oil and natural gas.
Talks to avert Shell drivers strike
The union Unite has warned of industrial action by 500 drivers who supply fuel to Shell garages unless a row over pay is resolved.
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