Stocks & shares: Chris Butler
Sunday 27 January 2008
Royal Dutch Shell, the third-largest of the oil giants behind Exxon-Mobil and BP, is producing fourth-quarter figures on Thursday. For the first time the group will disclose separately the results of its oil sands operations in Canada. Normally the Canadian results have been included within the overall exploration and production segment of the figures, but such is the size of the investment and its potential returns that a separate disclosure will be welcomed by analysts. Full-year profits should be around £20 billion, which would be a decrease of 10%. Analysts suggest that weaker refining margins in the industry and currency adjustments will probably mean a fall in profit to £20bn. However, the latest forecasts made by three brokers vary massively with Exane BNP Paribus predicting £21.7bn, ABN Amro going for £24.5bn and one broker who declined to be named predicting less than £13bn.
The above is an extract covering Shell.
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