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Shell oil reports record profit

Posted on 5/6/22 at 5:59 pm
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 5/6/22 at 5:59 pm

Shell oil reported it made a record 9.1 billion in profit the first quarter of the year. Last year same period, 3.2 billion.

LINK
Posted by NorthshoreTiger76
Pelicans, Saints, & LSU Fan
Member since May 2009
80166 posts
Posted on 5/6/22 at 6:01 pm to
Huge truck nuts
Posted by Costanza
Member since May 2011
3151 posts
Posted on 5/6/22 at 6:02 pm to
I'm in the wrong fricking business...
Posted by calcotron
Member since Nov 2007
8250 posts
Posted on 5/6/22 at 6:03 pm to
Biden ordered inquiry incoming, they are stealing from the people, price fixing!
Posted by BK Lounge
Member since Nov 2021
3414 posts
Posted on 5/6/22 at 6:03 pm to
And yet baws on here still freak out every time they see a Tesla on the road… oh wait, i forgot- they are all Elon fanboi’s now……..
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66767 posts
Posted on 5/6/22 at 6:04 pm to
there you go again.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66767 posts
Posted on 5/6/22 at 6:05 pm to
quote:

Shell oil reported it made a record 9.1 billion in profit the first quarter of the year. Last year same period, 3.2 billion.


hmmm, wonder how that happened?

i dunno, it’s like we put our economy in a temporary coma at some point, huh?
Posted by BK Lounge
Member since Nov 2021
3414 posts
Posted on 5/6/22 at 6:07 pm to
Is our government still subsidizing these record-breaking-profits oil companies ?


Asking for myself .
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/6/22 at 6:07 pm to

With all that profit, they (and all others) can afford to bring more refining online.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11800 posts
Posted on 5/6/22 at 6:08 pm to
Yep. Selling oil at the going rate on the world markets…..

O the evil…..
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
16986 posts
Posted on 5/6/22 at 6:10 pm to
I wonder what the board and 3 letter title folks at the top do with their 20 million dollar bonuses.

To avoid taxes, do you buy boats or vehicles or planes?
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 5/6/22 at 6:15 pm to
I wonder is they would have made less if we hadn’t insisted on Ukraine joining NATO?
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66767 posts
Posted on 5/6/22 at 6:16 pm to
sure if that makes financial sense in the long term.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65697 posts
Posted on 5/6/22 at 6:18 pm to

How much profit in 90 days is enough?
Posted by Macfly
BR & DS
Member since Jan 2016
8050 posts
Posted on 5/6/22 at 6:20 pm to
Not surprising since the demand hasn't changed and they jacked-up the prices.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73680 posts
Posted on 5/6/22 at 6:21 pm to
quote:

Not surprising since the demand hasn't changed and they jacked-up the prices.


Has it?
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 5/6/22 at 6:21 pm to
With the world boycotting Russian oil and refined products of course they are going to make more.

We all have to pay a little more to preserve Ukraine’s democracy.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66767 posts
Posted on 5/6/22 at 6:23 pm to
i don’t know Sao, but if I’m a shareholder: all of it.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66767 posts
Posted on 5/6/22 at 6:24 pm to
quote:

Is our government still subsidizing these record-breaking-profits oil companies ?

Asking for myself .


i can assure you that the form of the government that you voted for is absolutely not doing any favors for the O&G industry. But you know this, so next dumb question.
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
34634 posts
Posted on 5/6/22 at 6:25 pm to
Well I'm shocked
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