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 Shells 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.
EXTRACTS FROM SOURCE ARTICLE
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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