BP’s underlying profits between April and June last year stood at 8.6 billion US dollars (£5.2 billion) but consensus forecasts from 27 analysts predict a surplus around a third of this level this year on Tuesday – at 2.8 billion US dollars (£1.7 billion).
Rival Royal Dutch Shell meanwhile is set to post underlying second-quarter profits on Thursday of around 2.4 billion dollars (£1.5 billion), compared with a return of 8.6 billion US dollars (£5.2 billion) a year earlier.
BP has been making good progress in turning around years of underperformance in its refining performance, and – despite the inevitable impact of falling crude prices on profits – will look for evidence that the momentum is continuing, as well as assurances over the dividend.
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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.
0 Comments on “Dramatic Fall in Shell Second Quarter Profits”
Leave a Comment