The autonomy of museums grew dramaticallyI do not think a real crisis of liquidity042 euros against a more modest tax of 9Some are paying others everything depends on the contractLess expensiveBecause another competition is to take off it is the IRC000 employees of Volkswagen will pass under the 11Not be prohibited no movement no countryI signed without discussing the price 100And the project does not advance without hiccups The France is not Frankish and GalloRomanNever, in Europe, a company has won so much money. Shell published yesterday a net profit of 27.6 billion in replacement value, an increase of 9. Accounting net income attributable to shareholders reached even $ 31.3 billion, or 23 more than the previous year. The amounts deemed "obscene" by unit, one of the major British unions that called for the payment of outstanding tax oil companies in Britain. "I do not see the logic." "We are making big profits, but we also have huge investments to engage," said Jeroen van der Veer, CEO of Anglo-Dutch giant, noting that Shell had invested more than its annual profit in 2007. And to clarify, moreover, that 90 of the profits of the group are obtained from the British Isles.
Last year, the increase in oil and gas prices largely fired profits, but it was "partially offset by reduced production volume, higher taxes, inflation of exploration costs, reflecting the current industrial conditions", points out the direction. The share of the profits from the giant Sakhalin 2 in Russia deposit was, moreover, decreased after partial disengagement in the first half for the benefit of Gazprom. For the fifth consecutive year, the production is thus indented. In 2007, it declined by 4.5, to drop to 3.3 million barrels per day oil equivalent. "In the same operating environment, the production should decline slightly this year," predicted Chief Financial Officer Peter Voser, without giving figures.
11 "significant discovery".
In particular, the Group continues to be penalized by difficulties of operating on its activities in the Niger delta. End of the year, he spent a charge of $ 716 million to deal with issues of security and funding. Shell is present in Nigeria through joint ventures with the Government and, according to Jeroen van der Veer, there are "limits" to pre-finance the share of costs of the public authorities in these projects, taking into account the amounts involved. Hence "ongoing discussions" with the Nigerian Government, which he said he was "confident". Side development, Jeroen van der Veer also stated yesterday that he was in contact with the Iraqi Government, to which he had made "several proposals.
In the end, the first major European wants to focus on its prospects for the next decade, with the arrival at maturity of major projects, such as Pluto in Australia, which should boost the growth of 2 to 3 of production. Shell prides itself on 11 "significant discoveries" in 2007, adding 1 million barrels of potential reserves. Half less than what had been discovered in 2006. But the tanker pushed on March 17, the publication of the evaluation of its proven reserves.
In the meantime, the gradual replacement of the sources of oil and gas "easy" by the oil sands and other non-conventional translates into a strong rise in investment. They are high in crude at $ 26.6 billion, an increase of 15, last year, and planned this year envelope reaches 28 to 29 billion.
In the fourth quarter, Shell has achieved a net profit of 6.7 billion, an increase of 11, marked by a deterioration in 40 of refining margins. Performance deemed disappointing by analysts and the course has slightly dwindled yesterday in London.
