Shell And Northern Rock: Obscene
ON the ANorak Forums: Shell, the second largest non-government company in the world, was today accused of making “obscene” profits at a time when pensioners, motorists and industry are struggling with higher energy prices when it unveiled annual earnings of £13.9bn.
The company has made British corporate history with the record figures, which are equivalent to more than £1.5m an hour and come at the end of a three month period when crude prices have averaged over $90 a barrel.
Jeroen van der Veer, chief executive of Royal Dutch Shell, described the performance as “satisfactory”
Anyone spot the true obscenity?
The biggest profit ever? £1.5m an hour. The Bank of England gave a loan of double that amount to the failed bank Northern Rock over the same period… (AGW)
Posted: 1st, February 2008 | In: Reviews Comment | TrackBack | Permalink
