The first quarter of the year has seen the highest value of mergers and acquisitions involving UK firms since the financial crisis, owing to two big takeovers.
Shell has reported an 87% collapse in annual profits to $1.9bn despite axing thousands of jobs.
Shell has warned that its fourth-quarter profits may be 50% lower than last time with full year write-offs as high as $7bn (£5bn), underlining the damage being wreaked on the industry by low crude prices.
Some of the largest shareholders in Royal Dutch Shell, the giant petroleum and energy group, are expected to publicly back the company’s $53bn (£35bn) takeover of BG amid concern the deal could be sabotaged by those who want it scrapped.
Royal Dutch Shell plans to cut about 2,800 jobs after its takeover of BG Group is completed early next year.
Shell has sought to reassure shareholders about its blockbuster takeover of BG Group by announcing an extra $1bn (£650m) of cost savings aimed at making the $70bn deal work in the face of persistently low oil prices.
Stuart Gulliver sounds as if he has made up his mind already.