By LAURA CHESTERS FOR THE DAILY MAIL: 21 JAN 2016
Royal Dutch Shell revealed quarterly profits had nearly halved yesterday but received major backing for its deal with BG Group.
Shell said its fourth-quarter profit will be down by around 40 per cent to between £1.1bn and £1.3bn and its full- year earnings could drop to as low as £7.3bn for 2015 – well below the near £16bn it reported in 2014.
As markets plunged across the globe Shell’s shares plummeted 5.5 per cent or 74.5p to 1294.95p yesterday and BG’s fell nearly 3 per cent or 42.3p to 897p. Despite the chaos and the collapse in the oil price, Shell’s chief executive Ben van Beurden is proceeding with the proposed takeover.
Major shareholders have begun to publicly support the deal and yesterday, Norway’s sovereign wealth fund – the largest in the world – backed it.
Shell released its figures early to coincide with takeover target BG Group’s update. Shareholders will vote on the £36bn mega-deal next week and full year results will be announced on February 4 and 5.
Gas specialist BG’s production volumes were 704,000 barrels a day – up 16 per cent on the previous year.
However its 2015 earnings of at least £1.6bn will be nearly half the £2.8bn it reported for 2014.
Michael Hewson, chief market analyst at spreadbetting firm CMC Markets UK, said: ‘What is more concerning is the recent declines in Shell’s share price has been accompanied by a rise in volumes, which suggests that investors are starting to lose confidence at a time when questions are increasingly being asked about the size of the price tag of the deal with BG.’
Analysts had expected BG and Shell’s fall in earnings.
Investment research firm Bernstein backed the merger saying: ‘With continued reduction of costs inside both companies in 2016 and market balancing now firmly on the horizon, the combined entity will be one of the key winners on the other side.’
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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.
