Obscene?: Shell’s $25.5 billion profit is biggest ever by British company

Posted By Staff

Date: January 31st, 2008

Category: Uncategorized

UK – Shell smashed all-time British company profit records today, posting 2007 earnings of $27.5billion (£13.9billion), and immediately ran into a storm with union leaders, who are demanding the Government hits the oil giant with a windfall tax.
Shell’s profit surge – it is now making a staggering $75million (£38million) a day – on the back of a booming oil price that touched $100 a barrel this winter, was labelled as “obscene” by Tony Woodley of Unite, the UK’s largest trade union, as Britons struggle with soaring energy costs. Full StoryDiscount Magazine SubscriptionsDiscount Cigarettes & TobaccoNutty News Marketplace
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