Daily Telegraph
‘Grim reading’ likely at BP and Shell
BP and Shell, the oil giants, will this week release results that analysts expect to make “grim reading” because of lower global demand for oil.
By Rowena Mason
Published: 10:08PM BST 26 Jul 2009
Shell, which recently became the world’s biggest company by market capitalisation, has been hit by falling output in the Nigerian delta, where rebels have attacked its facilities. The company could announce a cull of up to 600 senior management roles globally.
Analyst consensus forecasts show that BP is expected to make $2.78bn (£1.69bn) in adjusted operating profit, edging ahead of Shell’s estimated $2.4bn profit.
Both companies are under pressure from falling demand for oil, but Shell is more exposed to the slumping price of natural gas. Richard Griffiths, an analyst at Evolution Securities, said: “Everyone knows it is going to be grim reading, so we will be looking at the outlook. Rising oil prices combined with a declining cost base means earnings momentum should start to turn in a postive direction.”
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.
