Xt500 Posted February 4, 2011 Share Posted February 4, 2011 While we struggle to pay to get to work,shell has admited they are making 1.6million an hour PROFIT! So much for the cost of rising oil! http://www.guardian.co.uk/business/2011/feb/03/shell-profits-nearly-one-point-six-million-an-hour And the Guardian tries to blame Cameron,how he is responsible is beyond me,the fuel costs were hiked under Labour. Link to comment Share on other sites More sharing options...
taxman Posted February 4, 2011 Share Posted February 4, 2011 Don't think you can blame any single politician, we should be blaming big oil companies and their lobbyists, Government inertia over electric cars and sustainable energy and the general public's dependency on oil. Link to comment Share on other sites More sharing options...
Tony Posted February 4, 2011 Share Posted February 4, 2011 Have you got a pension? Do you benefit from tax? Link to comment Share on other sites More sharing options...
DaFoot Posted February 4, 2011 Share Posted February 4, 2011 It's a business. They are in the business of making money for shareholders, not to help people get to work. Link to comment Share on other sites More sharing options...
Tony Posted February 4, 2011 Share Posted February 4, 2011 $18.6bn profit $355bn turnover in 2009 5% profit doesn't seem out of order but obviously it's a big number looked at through a $ per hour lens. Link to comment Share on other sites More sharing options...
mossdog Posted February 4, 2011 Share Posted February 4, 2011 It's a business. They are in the business of making money for shareholders, not to help people get to work.And a lot of beneficiaries are public sector pension recipients................the money just goes round and round! Link to comment Share on other sites More sharing options...
caparo Posted February 4, 2011 Share Posted February 4, 2011 And a lot of beneficiaries are public sector pension recipients................the money just goes round and round! You are also forgetting the £4 billion Shell paid in corporation tax. It all helps as the vast majority of Shells profits were earned overseas. I think for the UK it is WIN WIN WIN. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted February 4, 2011 Share Posted February 4, 2011 While we struggle to pay to get to work,shell has admited they are making 1.6million an hour PROFIT! That's a meaningless figure. What is the profit as a percentage of the value of the company? What's the return on investment? How many billioins is Shell worth? BP made a loss. Does the price of oil need to go up further to prevent loss-making companies from making a loss? Link to comment Share on other sites More sharing options...
caparo Posted February 4, 2011 Share Posted February 4, 2011 That's a meaningless figure. What is the profit as a percentage of the value of the company? What's the return on investment? How many billioins is Shell worth? BP made a loss. Does the price of oil need to go up further to prevent loss-making companies from making a loss? To put things into perspective Shell Are drilling for oil on almost every continent. They extract crude oil and natural gas, transport it around the world, refine it, and retail it through their own filling stations. In 2010 Shell produced over 250,000,000,000 litres of petroleum products alone. They employ 104,000 people in 110 countries. Link to comment Share on other sites More sharing options...
DaFoot Posted February 4, 2011 Share Posted February 4, 2011 BP made a loss. Does the price of oil need to go up further to prevent loss-making companies from making a loss? I'm not surprised BP made a loss tbh with the incident in the Gulf of Mexico last year. Link to comment Share on other sites More sharing options...
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