The figures are likely to spark fresh protests from motorists and businesses that have been hit hard by higher petrol prices.
Posts on ‘October 28th, 2008’
Oil and gas chief executives, a conservative lot, have shied away from using high energy prices to justify big deals. The collapse of the markets could spur them into action.
The major integrated oil companies report third-quarter earnings this week, with BP on Tuesday,Exxon Mobil and Royal Dutch Shell Thursday and Chevron Friday. Together, they are expected to report more than $35 billion in net income for the period…
Some of Europe’s most commonly criticised companies, including British American Tobacco and Royal Dutch Shell, have been named as leaders in the field of corporate responsibility reporting.
BREAKING NEWS 7:15am UK, Tuesday October 28, 2008 Oil giant BP has reported third-quarter profits of £6.4bn – 148% above the same period last year.
With 40 years of experience in the oil business, Paul Skinner, Rio Tintoschairman, is an obvious candidate to step into the chairmans shoes at BP. However, his appointment would mark a historic step a career Royal Dutch Shell executive being appointed as the head of its greatest domestic competitor.
Paul Skinner, the chairman of Rio Tinto, has been chosen as the favoured candidate to take over the chairmanship of BP when Peter Sutherland steps down next year.
Skinner, a former executive at Shell, has been chairman of Rio since 2003 and is expected to step down next year regardless of the BP job and the outcome of the BHP bid. He was unavailable for comment last night. BP, which reports third-quarter results this week, declined to comment
Meanwhile, Credit Suisse gave a warning that Shells results on Thursday could be weak, hit by unrest in Nigeria, and downgraded it to underperform.
Now, James Bond film and model car fans can get their hands on the limited edition James Bond 007 collectible model cars from Shell Malaysia.