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Shell Profits Warning

Posted: Fri Jan 17, 2014 8:30 am
by Pepperman
The company has said that its fourth quarter 2013 results are likely to be “significantly lower” than recent levels of profitability.

Earnings for the fourth quarter of 2013 are expected to be $2.9 billion (£1.8bn), compared to analysts' expectations of $4bn.

Shell is blaming “weak industry conditions in downstream oil products, higher exploration expenses and lower upstream volumes".
http://www.theguardian.com/business/blo ... bca45b499c

Posted: Fri Jan 17, 2014 10:37 am
by extractorfan
We're only going to make shit loads of money, rather than super shit loads of money.

Disaster.

Re: Shell Profits Warning

Posted: Fri Jan 17, 2014 10:43 am
by emordnilap
Earnings for the fourth quarter of 2013 are expected to be $2.9 billion (£1.8bn), compared to analysts' expectations of $4bn.
Diddums.

Posted: Fri Jan 17, 2014 10:49 am
by Pepperman
I'm not shedding any tears but that's quite a shortfall.

Posted: Fri Jan 17, 2014 10:52 am
by emordnilap
It's excellent, considering it's for a product they get for free.

Posted: Fri Jan 17, 2014 11:38 am
by emordnilap
Put it another way, within less than 6 months, their entire $5 billion spend to date in the arctic is totally covered, coming directly out of Joe & Josephine Soap's pockets. We are all destroyers.

Ecocide in The Guardian yesterday.

Posted: Fri Jan 17, 2014 1:12 pm
by Murf
emordnilap wrote:Put it another way, within less than 6 months, their entire $5 billion spend to date in the arctic is totally covered, coming directly out of Joe & Josephine Soap's pockets. We are all destroyers.

Ecocide in The Guardian yesterday.
Petition from that article to ban ecocide in the EU here: https://ec.europa.eu/citizens-initiativ ... c/index.do

Posted: Fri Jan 17, 2014 2:01 pm
by emordnilap
Neil Young tour
Starting his tour last Sunday, Young has helped raise the issue of the tar sands across the country, with the goal of generating legal funds for the Athabasca Chipewyan First Nation as they try and prevent the doubling of Shell’s Jackpine tar sands mine.
“There’s no way to describe it, so I described it as Hiroshima, which was basically pretty mellow compared to what’s going on out there.”

Posted: Fri Jan 17, 2014 5:48 pm
by RenewableCandy
Petition to Shell's new boss about the Arctic (mods feel free to expunge one of the 2 of these I've put up...)

https://secure.greenpeace.org.uk/page/s ... =shelltw01

Oh yes and guess who wrote to GP to ask them to change the top sentence because of the unbearable grammar... :oops: