Shell, Eni and Dow are challenging the antitrust fines at the European Court of First Instance, the European Unions main antitrust appeals court.
October 27th, 2009:
Court ruling against Shell and other defendants relating to $770 million fine for operating a rubber cartel
Royal Dutch Shell to report Q3 earnings Thursday
Analysts polled by Shell itself expect the company to post a 69 percent fall in earnings, stripping out the effects of price changes on inventory, to 40 cents per share.
BP Q3 profit halves, beats forecasts on cost cuts
Rivals, including Shell, which reports on Thursday, have also put cost-cutting at the center of their strategy.
Investors May Be In for a Crude Correction
Part of the problem for some of these companies is sheer scale, which makes it difficult to significantly add to reserves or production.
Royal Dutch Shell expected to report a 70 per cent fall in profits to $2.5 billion
On Thursday, Royal Dutch Shell, BPs Anglo-Dutch rival, is expected to report a 70 per cent fall in profits to $2.5 billion.