Shell boasts about 54% up on profits
Discussion
don4l said:
s3fella said:
I'm not always convinced of this argument tbh. Yes fuel tx is too high, but 70% of nothing is nothing! So the base price has a direct effect on the price after tax.
The current price is £1.34 a litre at the pump. That is the equivalent of £6.08 a gallon. 70% of £6.08 is not "nothing". It is £4.25.So, you are paying £4.25 tax for every gallon of petrol that you buy.
Don
--
And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Edited by s3fella on Friday 3rd February 23:15
s3fella said:
But how does the tax you mention affect Shell's profits, which is what the threaad is about? The tax is irrelevant to Shell's bottom line.
And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Did you miss the bit about duty being a fixed amount?And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Edited by s3fella on Friday 3rd February 23:15
s3fella said:
But how does the tax you mention affect Shell's profits, which is what the threaad is about? The tax is irrelevant to Shell's bottom line.
And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
And you're incredibly naive if you think Shell made that profit from petrol. You do realise they have more than one business stream, don't you?And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Edited by s3fella on Friday 3rd February 23:15
hollydog said:
Not against anyone making profit. But that is gross and they are saying that it has come from the high price of oil. That is so so wrong. While every one esle in the world struggling they are taking advantage of the fact that we can not do with out fuel.
Tell you what, you go and find out exactly what their profit margin is, and the level of investment they have put out there in order to get this 54% rise in profit. If this was a milk company, or a lettuce producer, etc, I bet you really couldn't care less. I smell the wiff of hippydom.
AdeTuono said:
thinfourth2 said:
Excellent
I can charge them more for some valves
TF2; off topic: I'm looking for a supplier of a few API gate valves, in the range 2 1/16" 5k - 7 1/16" 5k. Would you be able to help? I can charge them more for some valves
cerbfan said:
AdeTuono said:
thinfourth2 said:
Excellent
I can charge them more for some valves
TF2; off topic: I'm looking for a supplier of a few API gate valves, in the range 2 1/16" 5k - 7 1/16" 5k. Would you be able to help? I can charge them more for some valves
Not sure if naming and shaming applies here, but I wouldn't put a Bel valve anywhere near anything that needs to contain pressure. Will try Pacson for the smaller stuff. Thanks.
Jesus there are some f
king idiots on here!
Petrol is actually very cheap if you look at whats involved, and what the supplier will sell it to you for. Compare a litre of petrol with milk, orange juice, even a bottle of water (yes the stuff that falls from the sky). I suspect that their petrol outlets actually get most of their profits from selling food and drink. The high cost is down to duty alone.
The suppliers do not have us over a barrel, petrol is a luxury, you do not need it like you need food and water. Don't think the government want to to use less either, they need the tax revenue no matter how much they talk about green issues. If you want to make a protest just stop usine the stuff, or get a car that will run on veg oil.
As has been said before, shell's business is more than selling petrol at the pumps, its a global company that contributes a huge amount of tax to this country. The mouth breathers just look at a few zero's and start whooping like a bunch of retarded gibbons.
king idiots on here!Petrol is actually very cheap if you look at whats involved, and what the supplier will sell it to you for. Compare a litre of petrol with milk, orange juice, even a bottle of water (yes the stuff that falls from the sky). I suspect that their petrol outlets actually get most of their profits from selling food and drink. The high cost is down to duty alone.
The suppliers do not have us over a barrel, petrol is a luxury, you do not need it like you need food and water. Don't think the government want to to use less either, they need the tax revenue no matter how much they talk about green issues. If you want to make a protest just stop usine the stuff, or get a car that will run on veg oil.
As has been said before, shell's business is more than selling petrol at the pumps, its a global company that contributes a huge amount of tax to this country. The mouth breathers just look at a few zero's and start whooping like a bunch of retarded gibbons.
rich1231 said:
s3fella said:
But how does the tax you mention affect Shell's profits, which is what the threaad is about? The tax is irrelevant to Shell's bottom line.
And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Did you miss the bit about duty being a fixed amount?And by saying 70% of nothing is nothing, I am right. 70% of £6.08 is not nothing, I dont say that. But the lower the Shell selling price, the lower the amount of tax, (duty excluded).
Edited by s3fella on Friday 3rd February 23:15
This is not just about petrol prices, it is energy costs in general and about the power and influence the energy companies have.
It stinks to high heaven tbh. We need more state owned nuclear energy or it will never have any chance of change.
Edited by poo at Paul's on Saturday 4th February 11:48
98elise said:
Jesus there are some fking idiots on here!
Petrol is actually very cheap if you look at whats involved, and what the supplier will sell it to you for. Compare a litre of petrol with milk, orange juice, even a bottle of water (yes the stuff that falls from the sky). I suspect that their petrol outlets actually get most of their profits from selling food and drink. The high cost is down to duty alone.
The suppliers do not have us over a barrel, petrol is a luxury, you do not need it like you need food and water. Don't think the government want to to use less either, they need the tax revenue no matter how much they talk about green issues. If you want to make a protest just stop usine the stuff, or get a car that will run on veg oil.
As has been said before, shell's business is more than selling petrol at the pumps, its a global company that contributes a huge amount of tax to this country. The mouth breathers just look at a few zero's and start whooping like a bunch of retarded gibbons.
It's even more amusing when the person not only thinks that it is all from pump prices and then lists 4 motor vehicles. king idiots on here!Petrol is actually very cheap if you look at whats involved, and what the supplier will sell it to you for. Compare a litre of petrol with milk, orange juice, even a bottle of water (yes the stuff that falls from the sky). I suspect that their petrol outlets actually get most of their profits from selling food and drink. The high cost is down to duty alone.
The suppliers do not have us over a barrel, petrol is a luxury, you do not need it like you need food and water. Don't think the government want to to use less either, they need the tax revenue no matter how much they talk about green issues. If you want to make a protest just stop usine the stuff, or get a car that will run on veg oil.
As has been said before, shell's business is more than selling petrol at the pumps, its a global company that contributes a huge amount of tax to this country. The mouth breathers just look at a few zero's and start whooping like a bunch of retarded gibbons.
But search other threads it's a bit of a recurring theme of getting angry at things that arent understood.
Moon Barkers. The place is riddled with them.
poo at Paul's said:
Clearly not, but you missed the bit where he says "(duty excluded)?
This is not just about petrol prices, it is energy costs in general and about the power and influence the energy companies have.
It stinks to high heaven tbh. We need more state owned nuclear energy or it will never have any chance of change.
No we don't that would be the worst possible outcome.This is not just about petrol prices, it is energy costs in general and about the power and influence the energy companies have.
It stinks to high heaven tbh. We need more state owned nuclear energy or it will never have any chance of change.
Edited by poo at Paul's on Saturday 4th February 11:48
Shell are in business and they make a profit, that is a good thing. You might get all "Why isn't it me" but it just makes you all look a bit sad.
Shell speculate and risk vast sums of money around the world. They also have a vast amount of money in Treasury.
DonkeyApple said:
Just so long as no one notices where RDS's headquarters are or where much of the Board reside and the pertinent tax status of them.
Most people probably think the royal bit pertains from the UK royal family and that it's a British firm.
So they ignore the Dutch bit? Most people probably think the royal bit pertains from the UK royal family and that it's a British firm.
DonkeyApple said:
Just so long as no one notices where RDS's headquarters are or where much of the Board reside and the pertinent tax status of them.
Most people probably think the royal bit pertains from the UK royal family and that it's a British firm.
Actually the company has dual HQ's.Most people probably think the royal bit pertains from the UK royal family and that it's a British firm.
rich1231 said:
Actually the company has dual HQ's.
Triple listing, UK, EU and US. Registered office is UK. As a legacy of the 40% original UK stake.
Headquarters are the Hague.
Not sure you can formally split your headquarters?
It's been a fair few years since I was fully up to speed but in the 2005 capital restructure the listed HQ was just the Netherlands.
DonkeyApple said:
Triple listing, UK, EU and US.
Registered office is UK. As a legacy of the 40% original UK stake.
Headquarters are the Hague.
Not sure you can formally split your headquarters?
It's been a fair few years since I was fully up to speed but in the 2005 capital restructure the listed HQ was just the Netherlands.
Ignore my remarks then, working there for a while has no value obviously.Registered office is UK. As a legacy of the 40% original UK stake.
Headquarters are the Hague.
Not sure you can formally split your headquarters?
It's been a fair few years since I was fully up to speed but in the 2005 capital restructure the listed HQ was just the Netherlands.
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