operations outside Russia are likely to be nearly 30% up despite the fall in the oil price but Rosneft drags 4qtr profits down 50% so full year should be down about 15% according to an article in the daily mail its worth a read
Published at 12:01AM, January 31 2015 There is talk again of a merger between Royal Dutch Shell and BP. This mythical beast is claimed to be spotted occasionally in the wilder foothills of the stock market. In the 1990s, when BP was buying businesses such as Amoco in the United States, it would have been a bid for Shell. Today, this is reversed. With Shell’s market capitalisation of £131 billion, the largest in the FTSE 100, it would be a bid for BP, worth £80 billion. Except that it’s not going to happen. Of more immediate significance to investors is whether the dividend flow from the
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