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Shell Results: expect continued weakness in its refining and marketing business..

telegraph.co.uk

The week in business: July 28-Aug 1 

Last Updated: 7:33am BST 28/07/2008

A guide to company results and meetings, and economic statistics

Tuesday July 29

• Oil giant BP is expected to report bumper second-quarter profits buoyed by soaring oil prices. However, investors are getting worried over the future of its Russian TNK-BP joint venture where an escalating shareholder dispute led to the forced exit of chief executive Robert Dudley from Moscow last week. Analysts are forecasting clean net profits of between $7.0bn-$8.20bn, up from $5.3bn last time.

 

Thursday July 24

• Royal Dutch Shell is expected to announce strong second-quarter earnings as the sharp rise in oil prices continues to offset a decline in oil and gas production and the continued weakness in its refining and marketing business..

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/28/ccweek128.xml

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