1:41 PM PDT, July 29, 2009
OVERVIEW: Shell’s new chief executive Peter Voser is due for a dramatic debut. A decline in net profit is inevitable for Europe’s largest oil company, as crude prices have been cut in half since the second quarter of 2008.
Analysts think Voser may disclose further details of an organizational restructuring announced in May including job cuts. The company may also scale back ambitious plans to invest heavily in new production in the face of the ongoing global economic slump.
Shell’s largest European rival, BP PLC, set the tone with a 53 percent fall in net profit Tuesday. Shell may do even worse, given its relatively large exposure to natural gas, which has underperformed oil.
Other issues the company will address are increased pension contributions and operational issues, including a spill in the Gulf of Mexico this week and attacks by rebels on its facilities in Nigeria. Shell is the largest foreign oil company in the African country but its operations there now produce at less than 30 percent of their capacity.
WHAT’S AHEAD: Shell plans $31 billion in capital expenditures this year, more than any oil major, chasing 2-3 percent production growth per year through 2012, and reversing 7 years of declines. Analysts are waiting to see whether Shell scales back those plans.
If it doesn’t, the company will eventually have to halt dividend increases, analysts say.
Shell may also address legislation pending in Nigeria that could force it to renegotiate contracts there.
STOCK PERFORMANCE: Shell shares are about flat from January 2009 at euro18.675, though down 22 percent from a high of euro23.94 last year.
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.
