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Credit Suisse warn Shell’s results on Thursday could be weak, hit by unrest in Nigeria

Times Online

October 28, 2008

BP, down 2p to 438p, reports its figures today but is expected to be one of the few with enough cash to hold its dividend. However, its TNK-BP joint venture has already said that it may cut $1 billion (£640 million) in expenditure next year.

Meanwhile, Credit Suisse gave a warning that Shell’s results on Thursday could be weak, hit by unrest in Nigeria, and downgraded it to underperform. Shell also has more refineries than its rivals, which represents a risk “in a world of expanding supply and contracting demand”.

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