From our Shell News Archive: Saturday 30 October, 2004
Financial Times: Look under the Shell: “One conspiracy theory doing the rounds yesterday was that those Dutch chaps now running Royal Dutch/Shell were more cunning than they first appear, in spite of the company’s inability to count reserves over several years.”
FINANCIAL TIMES: Shell’s credit rating goes back under review: “Standard & Poor’s yesterday put Royal Dutch/Shell’s AA+ credit rating under “negative” review because it may have to restate its proved reserves yet again.”: “Concerns were also raised about whether Shell tried to bury the bad news on reserves yet again by announcing its restructuring at the same time. “The information was found on page three, line 15 in one of the longest paragraphs I have ever seen,” said one London-based broker.”