Shell's top executives kept board in dark on reserves: company weathers bad news as some see chance to buy
Article Abstract:
Announcements of oil reserve overstatements by Royal Dutch-Shell Group of Cos. has not yet negatively affected investor behavior. While stocks dropped the day of the announcement, some company units have since risen. Investors say the crisis is on a much smaller scale when compared to the likes of Enron Corp., and believe the resultant dismissal of certain executives will foster a turnaround.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Shell slashes oil reserves again, move overshadows profit surge
Article Abstract:
Royal Dutch-Shell Group of Cos. has reported a sharp cut in its estimate of energy reserves, having written off an additional 1.4 billion barrels of oil and indicating the need for new resources. Fourth quarter profit for Royal Dutch-Shell Group of Cos. surged to $4.48 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Shell's top executives kept board in dark on reserves: directors only heard in December of woes arising in early 2002
- Abstracts: Two top Shell executives began reserve feud in '02: Sir Philip resisted urgings of van de Vijver to begin housecleaning over data
- Abstracts: Nokia boosts net, phone forecast, but margins slip. Nokia Chief offers rosy assessment of mobile market. Nokia to fall short of its sales forecast: cellphone leader's stock tumbles 17% and drives a decline in tech sector
- Abstracts: How Wagoner wins as Ghosn alliance talks fail: GM chief can now focus on his turnaround plan; Kerkorian weighs options
- Abstracts: Israel sparks clash with plan to raze West Bank outpost. In Gaza, Mr. Rayes struggles to replant bulldozed olive trees