Shell's Earnings to Show Depth of Rout as Oil Extends Losses
- Company enters final stages of BG deal seen closing Feb. 15
- Analysts cut fourth-quarter EPS forecasts for all oil majors
An employee speaks on a radio at the perimeter security fence of the Agbada oil flow station, operated by Shell Petroleum.
Photographer: George Osodi/BloombergThis article is for subscribers only.
Royal Dutch Shell Plc will this week reveal how deep the oil rout goes as energy companies reel from the worst market crisis in decades.
Shell will on Wednesday become the first major oil producer to announce annual earnings as it enters the final stages of its plan to buy BG Group Plc in the industry’s biggest deal in years. Investors will scrutinize those preliminary numbers for signs Europe’s largest oil company is doing enough to justify the acquisition as crude drops below $30 a barrel.