Shell News Thursday, 3 February 2005
More Shell shock: Shell cuts reserves by another 10%
FINANCIAL TIMES: Shell cuts reserves by another 10%: “The Anglo-Dutch oil group also warned that it had only replaced between 15 and 25 per cent of the oil it pulled from the ground in 2004. Rivals such as BP and ExxonMobil have reserves replacement ratios of more than 100 per cent.”: “…the scale of the downward revision and its reserves replacement figure is further bad news for the company as it struggles to rebuild its reputation.” (ShellNews.net) 3 Feb 0
BLOOMBERG: Shell’s 4th-Quarter Almost Triples on Oil, Gas Prices (Update2): “The company cut its reserves for the fifth time in 13 months. The shares fell as much as 1.5 percent in London.” (ShellNews.net) 3 Feb 05
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.