Shell Breaks Uk Record with Gbp 12.9bn Profit

Summary


OIL giant Royal Dutch Shell smashed the yearly profits record for a UK company yesterday as roaring oil prices helped it drive profits up 12 per cent to dollars 25.3 billion (GBP 12.9bn) in 2006.

It came as Exxon Mobil, the American oil leviathan, reported the most profitable year in US corporate history, with 2006 earnings totalling dollars 39.5bn..

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Extract


Shell Breaks Uk Record with Gbp 12.9bn Profit

Jeroen van der Veer, Shell's chief executive, deflected suggestions that his group was exposed to increasing risk, from Sakhalin Island off ...

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