By LAURA CHESTERS FOR THE DAILY MAIL: 25 October 2015
Britain’s oil giants will this week post their worst set of earnings since the rout in the price of crude began last year.
Investors will also be looking for any update on Royal Dutch Shell’s £55bn takeover of rival BG Group amid fears Shell is overpaying.
Shell, BG and BP will all post third-quarter earnings this week with the City expecting an average of a 60 per cent collapse in profits, according to experts at Morgan Stanley, suggesting the industry is facing its worse downturn in a decade.
The price of Brent crude averaged $51.40 a barrel during the third quarter, compared with $105.60 in the same period a year ago, and the industry is slashing costs and pulling out of projects as firms struggle to come to terms with the tumbling oil price.
Shell is expected to confirm a £3.7bn write-off from its decision to pull out of exploring for oil in the Arctic which has renewed concerns that it is overpaying to buy BG.
The deal, announced in April, has led to fears Shell’s dividend will be compromised. However chief executive Ben van Beurden has given assurances that retaining its dividend is a priority.
The takeover is going through regulatory approval in the various regions but a decision from Australia’s competition watchdog has been further delayed. It last week postponed a final decision on the takeover to November 19.
BP has also had a difficult quarter but has at last drawn a line under the long running uncertainty surrounding the cost of the fatal 2010 oil spill in the Gulf of Mexico.
It reached a settlement which means it will pay around £49bn over an 18-year period.
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.
