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Around $5 billion to be injected into Shell Pension Fund hit by slump

THE WALL STREET JOURNAL

Shell CFO: Equity Mkt Gains Cut Pension Fund Top-Up By $1B-3B

OCTOBER 29, 2009

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) will only have to top up its pension fund by around $5 billion, compared with previous expectations of $6-8 billion, because of the recovery in global equity markets, said Chief Financial Officer Simon Henry Thursday.

This means Shell’s gearing – the ratio of net debt to net debt plus equity – will rise more slowly than previously thought, he said.

Shell had to pump more cash into its pension fund in April after the ratio of assets to liabilities fell to 80% following the global stock market slump.

Company Web site: www.shell.com

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

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1 Comment on “Around $5 billion to be injected into Shell Pension Fund hit by slump”

  1. #1 uscitizen
    on Jul 27th, 2010 at 22:15

    But Shell is irresponsible and evil right John?

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