Shell Breaks UK Profits Record

03 February 2006

AMSTERDAM - The Anglo-Dutch energy company has unveiled record profits for a UK-listed business of £12.93 billion ($22.94bn; €19.02bn), on the back of 2005's soaring oil prices when crude jumped from $45 to $70 a barrel.
Ceo Jeroen van der Veer says Royal Dutch Shell will invest strongly in new energy technologies. Alternative fuels to compete with gasoline could be produced within six years, he adds.