Analysts predict near 60% fall in BP profits due to collapse in oil price stoking fears about firms’ ability to safeguard jobs and retain dividends
BP and Shell are set to unveil a drop of more than half in their third-quarter profits this week, raising new questions about their ability to retain dividends and avoid further job losses.
BP will report its latest financial figures on Tuesday and the consensus from analysts is that profits will fall by more than 60% to $1.2bn (£780m). Shell will publish its results two days later, when its earnings could be halved.
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