HOUSTON CHRONICLE
By EDUARD GISMATULLIN Copyright 2009 Bloomberg News
June 29, 2009, 8:26AM
BP Plc, Europes second-biggest oil company, may post second-quarter earnings that are more resilient than bigger rival Royal Dutch Shell Plc because its less affected by weak demand for natural gas in Europe, Citigroup Inc. said.
Increased production from the Thunder Horse platform in the Gulf of Mexico may contribute toward an expected 3.1 percent gain in output for London-based BP compared with last year, Mark Bloomfield, an analyst at Citigroup, said today. Shell may report a 5.4 percent drop in production in the second quarter because of disruptions in Nigeria, he said.
Shells higher exposure to gas seasonality than BP points to greater risk around both earnings and pricing, London-based Bloomfield wrote in a note to clients. This is exacerbated by an Asia-Pacific bias to liquefaction capacity where gas volumes are also likely to be weak.
BPs production will be higher this year compared with 2008 while overall financial results are really quite strong, Chief Executive Officer Tony Hayward said June 25. Shells Chief Financial Officer Peter Voser, who will take over as CEO from July, said in April lower gas demand would hurt earnings this year.
Production at BP may reach 3.949 million barrels of oil equivalent a day in the second quarter, Citigroup said. Shells output may drop to 2.956 million barrels a day in the period, it said.
Shell pumped 9.751 billion cubic feet of gas (1.681 million barrels of oil equivalent) a day in the first quarter, almost in line with crude oil and bitumen output of 1.714 million barrels a day.
The Hague-based Shell is raising the share of gas output in its portfolio and expanding liquefied gas projects as well, according to Voser.
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.
