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Shell delays shareholder meetings

From the BBC News Archive: Shell delays shareholder meetings

Oil giant Shell is pushing back the dates of its shareholder meetings amid ongoing uncertainty about its estimates of oil reserves.

Friday, 26 November, 2004, 10:36 GMT

The world’s third largest oil company said its shareholder meetings due in April will now take place on 28 June.

The company is in the middle of a shake-up after shocking investors back in January by slashing estimates of its oil and gas reserves by 20%.

Its latest review of its reserves will be completed by the end of the year.

If the company is forced to revise estimates further, previous financial statements may have to be restated, which could delay publication of its results. read more

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