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Shell Shares Slide After Third Quarter Profit Warning
By Scott Kanowsky: Thu, Oct 6, 2022
Investing.com — London-listed shares in Shell PLC (LON:SHEL) fell in mid-morning trading after the energy giant warned that lower refining margins will hit third-quarter earnings.
In a trading update on Thursday, Europe’s largest oil firm said its indicative refining margin is now expected to come in at $15 per barrel during the period, down from $28 per barrel in the second quarter.
“[T]he decrease in margin is expected to have a negative impact of between $1.0B and $1.4B on the third quarter Adjusted [earnings before interest, tax, depreciation and amortization] for Products compared to the second quarter 2022,” it said.
The group’s indicative chemicals margin is also seen dipping to -$27 a ton versus $86 a ton in the prior three-month timeframe. The downturn will negatively impact quarterly core earnings at Shell’s chemical unit by between $300M and $600M, the company said.
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.
