| Quote: |
| Soaring oil prices in 2005 have helped Royal Dutch Shell report a record annual profit for a UK-listed company.
The Anglo-Dutch energy giant generated profits of $22.94bn (£13.12bn) - up nearly a third on last year when it set a UK record with profits of $17.59bn http://news.bbc.co.uk/1/hi/business/4672716.stm |
So shell have reported massive profits again. A profit of £13 billion is just too much too comprehend. Sure when you look at percentages it seems quite insignificant but it is still £13 billion.
I suppose in a way it's a good thing as around 60% is taxed and that ultimately benefits the economy. I hope Shell invest a substantial amount to research alternate energy sources and the profits aren't just lining the pockets of the privileged few at the top of the food chain.
What are your thoughts on these record breaking profits?
