MANY hard-pressed motorists will find news of Shell’s massive profits hard to take.
With the prices continuing to spiral ever upwards at the pumps, times have probably never been so good for Shell with its first-quarter profits haul of £4.75bn 11% higher than a year ago and above market forecasts.
The company says the profits reflect improvements in its own operating performance and better production volumes.
Motorists will see that it reflects it’s charging more for its products.
Some people opposed to the high petrol prices keep mooting the idea of everyone completely boycotting one company to see if it could be forced into cutting its prices to lure them back.
It may well be an idealistic and unworkable proposal but it would be interesting to see if it will work.
After all, it feels like all the oil companies have us ‘over a barrel’ at the moment and we can only see prices continuing to go up.