There are two main differences between Royal Dutch Shell and BP.
By Damian Reece, Head of Business 11:17PM GMT 02 Feb 2012
Shell’s results on Thursday showed it was capable of mistakes, like any company. Hiccups in its production business and continued over capacity in refining meant it undershot market expectations and the share price ended 1.2pc down.
But the company’s dividend remains strong (in 2011 it was Europe’s biggest dividend payer, before special distributions, and probably the world’s biggest as a result) and it plans to start raising the payout on the back of continued investment.
However, it’s not infallible, as we know is the case with BP. But two things separate the companies. One is £56bn, which is the gap between their market values. The other is management credibility.
Carl-Henric Svanberg and Bob Dudley, BP’s chairman and chief executive, don’t have the track record of Jorma Ollila and Peter Voser. Neither do they have the same level of trust and credibility with shareholders.
A credibility discount may not account for the entire £56bn, but it’s certainly contributing a fair chunk.
BP has results next week and the company, after another mistake-riddled year in 2011, needs a new story to tell a clear and precise strategy for growth and investment based on a clear and precise corporate structure that’s communicated on Tuesday and delivered over the next 12 months.
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.
