(no subject)
http://news.yahoo.com/s/ap/20060202/ap_on_bi_ge/earns_netherlands_shell
Shell's full-year earnings rose 37 percent to $25.3 billion while
sales rose 12 percent to $379.0 billion. The earnings were the largest
ever for a British or Dutch company, but are likely to be passed by
Britain's BP PLC next week.
Shell's new CEO Jeroen van der Veer tried to emphasize the positive
in the results, citing "record cash and earnings" for the full year and
"success in exploration and gaining access to new resources."
"Our financial position is solid, and we returned over $17 billion
to our shareholders through dividends" and share buybacks in 2005, Van
der Veer said. "We focus on delivery now and building the future."
Why is this so well-hidden?
The most profitable company Britain has ever had is an oil company, and it will soon be surpassed by another oil company? I thought there was huge outcry over gas price gouging and things of that nature, and this is definitely an aspect to that issue I'd be interested in if I had any concern about it. So why is it relegated to an almost indiscernable “Earnings: Shell” link on CNN, and buried 4 pages into Yahoo News’ business section? I don’t know what the worst part about this is... that two of the most profitable companies in Europe are blame-free oil companies; that despite the public, government, and scientific communities’ publicized concerns about oil and fuel, the oil companies are blame-free; or the fact that almost no one reading this or the actual articles will care, the public government and scientific communities will have a big circlejerk, and gross capitalism will win another small victory.
Shell's full-year earnings rose 37 percent to $25.3 billion while
sales rose 12 percent to $379.0 billion. The earnings were the largest
ever for a British or Dutch company, but are likely to be passed by
Britain's BP PLC next week.
Shell's new CEO Jeroen van der Veer tried to emphasize the positive
in the results, citing "record cash and earnings" for the full year and
"success in exploration and gaining access to new resources."
"Our financial position is solid, and we returned over $17 billion
to our shareholders through dividends" and share buybacks in 2005, Van
der Veer said. "We focus on delivery now and building the future."
Why is this so well-hidden?
The most profitable company Britain has ever had is an oil company, and it will soon be surpassed by another oil company? I thought there was huge outcry over gas price gouging and things of that nature, and this is definitely an aspect to that issue I'd be interested in if I had any concern about it. So why is it relegated to an almost indiscernable “Earnings: Shell” link on CNN, and buried 4 pages into Yahoo News’ business section? I don’t know what the worst part about this is... that two of the most profitable companies in Europe are blame-free oil companies; that despite the public, government, and scientific communities’ publicized concerns about oil and fuel, the oil companies are blame-free; or the fact that almost no one reading this or the actual articles will care, the public government and scientific communities will have a big circlejerk, and gross capitalism will win another small victory.