AMSTERDAM, Netherlands (AP) -- Royal Dutch Shell PLC, Europe's largest oil company, reported Thursday that fourth-quarter profit rose 60 percent due to asset sales and higher oil prices.The damned Dutch? How is it they own the largest oil company in Europe? How could a little two-bit country like the Netherland's end up controlling a major chunk of the worlds oil, and taking all the profit from it?
Net income was $8.47 billion, up from $5.28 billion in the October-December period a year earlier. Sales rose to $107 billion from $75.5 billion despite a fall in oil production.
Full-year net profit was a record $31.3 billion, up 23 percent from $24.4 billion while sales rose 12 percent to $356 billion.
Chief Executive Jeroen van der Veer described the results as "satisfactory," noting that the company had weak refining margins in the fourth quarter but "launched new (production) projects ... and achieved exploration successes."
That smiling little weasel is Chief Executive Jeroen van der Veer during a press conference in The Hague, Netherlands, Thursday, Jan. 31, 2008. He's "satisfied" with the results of a $31,000,000,000.00 profit this year. Thrity one billion dollars PROFIT. And You - you big giant sucker - you're paying three bucks a gallon for gas.
Damn man, something really stinks here. Maybe we should lob a few cruise missiles at the Hague instead of the Arabs. Seems to me it's the Dutch who are really putting the hurt on us, not those pitiful little groups of Arab "terrorists" hiding away in a few remote caves in Pakistan.
And I'm not kidding, either.