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Investors brace for BP and Shell earnings updates

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Calm: BP and Shell set to share trading updates for April-June

BP and Shell are hoping to reassure investors this week after revealing billions of pounds in losses.

Both oil giants will share trading updates from April to June.

BP shares have fallen more than 15 percent since their peak in April.

Earlier this month it announced it had suffered losses of between £781m and £1.6bn due to problematic contracts.

The bad news is now hopefully behind us and investors can focus on the more positive aspects of Tuesday’s update.

Calm: BP and Shell set to share trading updates for April-June

Rival Shell will also give shareholders an idea of ​​its performance on Thursday.

It has already reported losses of up to £1.6bn due to the suspension of work on a Dutch biofuels plant and the sale of a Singapore refinery.

Shares have fallen 1.4 percent over the past month.

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