Bloomberg.com
By Katie Hoffmann and Joseph Galante
April 6 (Bloomberg) —
EXTRACTS FROM ARTICLE
Exxon Mobil
Profits at U.S. oil and gas companies fell 63 percent last quarter and the declines wont abate until the fourth quarter, according to Bloomberg estimates. Exxon Mobil Corp., the worlds largest publicly traded oil producer, will probably post its lowest first-quarter profit in five years after crude prices plunged to almost $100 a barrel from 2008s all-time high.
First-quarter oil prices year-over-year were pretty weak, and a lot of the majors dont sell a lot of forward contracts, said David Foley, who helps manage $2 billion at Estabrook Capital Management in New York.
Oil Falls
Oil futures in New York averaged less than $44 a barrel, down from $97.82 in last years first quarter. The average natural-gas price fell by almost half as the first simultaneous recessions in the U.S., Europe and Japan since World War II sapped fuel demand.
Drama in Europe
In Europe, analysts predict profits at companies in the Dow Jones Stoxx 600 Index may rise 22 percent this year.
Profit at Royal Dutch Shell Plc, Europes largest oil company, and BP Plc, its U.K. rival, may have plunged more than 50 percent last quarter, according to Bloomberg estimates.
Earnings compared to last year will be a drama, said Dirk Hoozemans, who helps manage about $10 billion at Robeco Group in Rotterdam. Compared with the previous quarter, the earnings outlook is rosier given oil prices bottomed in the first quarter.
To contact the reporters on this story: Katie Hoffmann in New York at[email protected]; Joseph Galante in San Francisco at[email protected]
Last Updated: April 6, 2009 00:01 EDT
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
