Sunday April 24,2011
By Tracey Boles
A DIP in production is expected to stop BP reaping the full benefit of the high oil price in its first-quarter results, out this week.
But arch-rival Royal Dutch Shell is forecast to enjoy a surge in first-quarter earnings on the back of the oil price which averaged $105 (£64) per barrel in the three-month period.
First-quarter profits at crisis-hit BP are expected to be broadly flat at $5.6 billion (£3.4 billion).
Analysts at Charles Stanley said: Production volumes could be some 7 per cent lower and as a result, BP will have less leverage from higher oil prices which are some 32 per cent higher than a year ago.
Shells earnings are expected to have risen about 20 per cent year-on-year to $5.9 billion (£3.6 billion). Charles Stanleys analysts said: Brent oil prices have averaged $105 per barrel compared with $76 per barrel a year ago, and this will have the largest impact on the bottom line. They added: After disappointing Q4 results, the 2011 first-quarter results will be quite an important staging post to see how Shell is performing financially against its growth plans.
Within a year, Shell will produce more gas than oil according to the outgoing chairman of its UK operation, James Smith.
In the wake of the disastrous spill in the Gulf of Mexico a year ago, BPs chief executive Bob Dudley is pursuing a strategy of forging alliances with national partners. BP is attempting a strategic alliance and share swap with Rosneft, the Russian state-owned oil giant.
But the transaction has been blocked by BPs Russian partners in another venture in the country, TNK-BP, which claims the deal is in breach of its shareholders agreement.
A deadline for completing the share swap has been extended to May 16 in the hope that arbitration can resolve the issues.
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.
