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The Times: Need to know

July 23, 2007

Natural resources
Down 0.9%

BP, the oil group, will release a trading statement and its interim results today. The company has sought to play down a new dispute in the United States by insisting that a decision to freeze nearly £2 million in pay owing to Lord Browne of Madingley, its former chief executive, and John Manzoni, its former head of refining and marketing, had been taken with their support.

Royal Dutch Shell, the Anglo-Dutch oil giant, will release its interim results on Thursday. This month Shell and Rosneft, the Russian energy group, said that they had reached a strategic co-operation agreement for projects in the oil and gas sectors.

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