Huge Shell Profit Stirs Backlash

Oil giant Royal Dutch Shell’s enormous earnings are called obscene by union, and anger consumers struggling to fill their tanks

Royal Dutch Shell reignited anger over excessive profits today after revealing it made $27.6 billion (


Royal Dutch Shell’s profits haul for 2007 was 9 per cent higher than a year ago and comes after the price of crude oil rose towards 100 US dollars a barrel.

The Unite union said profits in the industry were “obscene” and urged the Government to take action, especially because of rising energy prices.

Joint general secretary Tony Woodley said: “Shell shareholders are doing very nicely whilst the rest of us, the stakeholders, are paying the price and struggling.”

Business Week