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Shell says Nigeria violence to hit earnings

Reuters

Shell says Nigeria violence to hit earnings

Fri Sep 19, 2008 5:23am EDT

LONDON, Sept 19 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L: Quote,ProfileResearchStock Buzz) said an escalation in violence in Nigeria in the past week would likely weigh on its earnings.

A spokesman for the Hague-based company said the attacks on oil facilities would have an impact but declined to put figures on production outages or the extent to which quarterly earnings may suffer.

Shell shares traded up 2.57 percent at 1636 pence at 0918, lagging a 3.68 percent rise in the DJ Stoxx European oil and gas sector index and a 7 percent rise in the FTSE 100 index .FTSE. (Reporting by Tom Bergin; editing by Sue Thomas)

 

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