Congrats to Shell

Congratulations to Shell for making a £13.9 BILLION profit by ripping off the UK car/truck/motorcycle users and of course the Government are happy coz they make 70p on each litre sold and take part of the profits in tax!!!

£1.5million an hour :open_mouth: :open_mouth: :open_mouth:

Wonder if there tanker drivers are happy about that? I’ve heard a rumour about redundancies - despite the massive profit.

The Biker:
Congratulations to Shell for making a £13.9 BILLION profit by ripping off the UK car/truck/motorcycle users and of course the Government are happy coz they make 70p on each litre sold and take part of the profits in tax!!!

I’d rather be working for the MAFIA, because at least you know where you stand (or dont if you dont pay up :open_mouth: ). At least the MAFIA are more honest and straightforward about their intentions. Unlike the Government that rob you blind, and then boast about how they’re improving the quality of your life with marvelous health care, generous pensions, allowing us the opportunity to stuff their pockets full of dosh etc etc No, I’d rather work for the MAFIA (I like wearing black :laughing: )

ya just said the gov make 70p of the price so how can that mean shell are ripping us off,surely it fat gordon doing that!!

Shells profit, its bloody obscene… :imp: :imp:

scaniaman:
ya just said the gov make 70p of the price so how can that mean shell are ripping us off,surely it fat gordon doing that!!

come on theres wars to be payed for and politicians sons who need payed for work they never done !!! (alegidly :smiley: )

Congratulations to a company that works hard.

Why should we begrudge them for doing well? its not their fault the government over-tax their product. They just have to have a product people want.

Its a high risk business, they take risks and they win. Good luck to them.

Alex

The blame for the high oil prices belong to the governemnt and the specualters as the speculators control the price of oil

From the various news reports that i’ve seen today, hardly any profit has come from the fuel at shell petrol stations - it has come from their other business areas.
The headline was obviously to get the backs up of drivers who would believe that it would be from the forecourts as that is where most of the public see the brand name.
whether Shell, as a business, should have diverted some of those profits into offsetting their forecourt prices, is another matter.

I agree with Alex and ROG. Shell have a product that everyone wants and sell it to people- I don’t see the problem. :confused:

As ROG says, the money doesn’t come from us at the pumps, they make most of their money from extraction and refinery work. The petrol station game is actually pretty low margin business and only works if you do it in a massive way - thats why the small independant retailers don’t exist anymore.

On the news someone said that the profits were obscene. Why? Who decides at what point it becomes obscene?

hammer:
As ROG says, the money doesn’t come from us at the pumps, they make most of their money from extraction and refinery work. The petrol station game is actually pretty low margin business and only works if you do it in a massive way - thats why the small independant retailers don’t exist anymore.

creative accounting ! if they reduced the price they charge the garages it would shift the profit from refining to retail ( with the exception of a few independents selling under the shell banner!)

There are three Shell stations in my area, one in Carmarthen town itself and one either side of the A40 towards Haverfordwest.

Recently both have been undercutting the local supermarkets; only a penny a litre admittedly but not long ago it was about four pence dearer there.

I have however suspected for some time that there is a reason behind this; the supermarkets are deliberately keeping prices up a bit to cream off some dosh for the fines they’re about to be hit with after being caught screwing the dairy industry.

Under normal circumstances they’d be doing their best to keep their petrol under the magic £1.00 per litre mark.

Shell won’t mind of course because they supply some of the supermarkets, either directly or indirectly.

kjw21:
Wonder if there tanker drivers are happy about that? I’ve heard a rumour about redundancies - despite the massive profit.

Shell/Motiva have already laid off most of their drivers here in the US. Their petrol is always the most expensive and they force their station operators to buy more product than they can sell,through there centralized (HoustonTX) order management system.Beats me how they stay in business? :question:Let alone extrude a massive profit.Though some of it must come from things like plastics,fertilizer etc.

And of course we all detest huge profits because £13 billion pounds is a lot of money, but has anyone thought about where the profits were made?

Certainly wasn’t off the pumps alone, strangely you never hear anyone saying poor such n such when their investments go wrong, for example spending Millions of pounds searching for oil and not finding a drop.

It’s great that everyone can blame the oil companies for the high cost of oil and petrol, but tend to forget the heavy taxes levied by the government, 70p a litre tax leaves 20p profit for the garage and the supplier to share.

Shell have invested one hell of a lot of cash into projects in the past that have failed, is it not now down to caution that they have come up with a good profit for their shareholders?

I just wonder how much they invest from their?? profits
in the prevention of pollution ,and in the restoreing
the countryside areas ,where they are getting the
OIL from■■?

Longwayround:
Shell/Motiva have already laid off most of their drivers here in the US. Their petrol is always the most expensive and they force their station operators to buy more product than they can sell,through there centralized (HoustonTX) order management system.Beats me how they stay in business? :question:Let alone extrude a massive profit.Though some of it must come from things like plastics,fertilizer etc.

How can they, “force their station operators to buy more product than they can sell” ?
All the fuel supplied to a station has to go into storage tanks, between delivery and sale. There is a limited volume available in those storage tanks.
After a few deliveries of “more than they can sell”, the tanks will be full to the brim.
Anything delivered after that can only possibly be “the amount of product sold”, unless they allow it to run down the forecourt drains.

Brit pete arn’t you being slightly hipocritical here as without oil you wouldn’t be in a job,i’m sure Shell had to pay for that oil rig a few years ago to be broken up after towing it around the world.
As for Shell good luck to them after all they have to do the exploration for oil etc,its only Gorden Brown and Alistair darling who make the stuff expensive with their high taxes.

We need a national stoppage its as easy as that 3-4 days

nearest shell garage to me is in stourbridge, the shell garage here is now houses i noticed tesco put their price up, only 1 garage is cheaper than the rest which i think is an independant one in town by 1p