From Citywire in Britain:
by Deborah Hyde on Oct 28, 2010 at 09:32
Oil giant Royal Dutch Shell said profits in the third quarter leapt nearly 90% to beat even the most optimistic forecasts thanks to higher oil prices and better refining margins.
The Anglo Dutch oil company reported a clean underlying profit of $4.9 billion, an 88.5% rise from the same period a year earlier and 14% above the consensus forecast of $4.4 billion.
That was helped by a 15% increase in oil prices and a 17% rise in gas prices.
Shameless bosses of Britain’s biggest companies pocketed an average of £4.9 million last year – a 55 per cent increase on their earnings: here.
Seven companies including oil giant Royal Dutch Shell agreed today to pay the US government $236.5million (£145m) to settle criminal and civil charges that they bribed foreign officials: here.
WikiLeaks: Shell Oil Infiltrated Nigerian Gov’t: here.