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Posts from ‘April, 2004’

National Post: Shell Canada distances itself from parent company reserves estimates scandal

National Post: Shell Canada distances itself from parent company reserves estimates scandal  JAMES STEVENSON Canadian Press Friday, April 30, 2004 Shell Canada president and CEO Linda Cook speaks with the media after the company’s annual meeting in Calgary on Friday. (CP/Jeff McIntosh) CALGARY (CP) – Shell Canada Ltd. distanced itself from the reserve reporting problems […]

BUSINESS WEEK: FSA LOOKS AT SHELL EMAILS

BUSINESS WEEK: FSA LOOKS AT SHELL EMAILS By Alan Lodge Apr 29 2004 Posted 30 April 04 Probe into oil giant after `lying’ revelations THE Financial Services Authority has launched its own probe into oil giant Shell. The move comes after it emerged former executives had lied about the company’s oil and gas reserves for […]

TheMotleyFool.co.uk: Shell Fishing

TheMotleyFool.co.uk: Shell Fishing By David Kuo (TMFDragon) April 29, 2004 They say that one of the best times to invest in a blue chip firm is when the company is on its knees. In the case of Shell the scandal-hit oil giant is not just on its knees, it is writhing on the ground in […]

The Times: CITYLAW – Shell

The Times: CITYLAW – Shell Published 27 April 04 Posted 30 April 04 SHELL has drafted in Cravath Swaine & Moore to fight off claims by the US Securities & Exchange Commission – although the firm helped to write the report that led to the regulators’ probe in the first place. Cravath, the energy company’s […]

Financial Times: OBSERVER: Shell game

Financial Times: OBSERVER: Shell game Apr 30, 2004 Shell’s new executives made investors twitchy this week. Until late Wednesday afternoon the company’s first quarter earnings were to be discussed in a conference call by Tim Morrison, acting chief financial officer, alone. The last time Shell chatted about its earnings was on January 9, when it […]

Financial Times: Lex COLUMN: Royal Dutch/Shell

Financial Times: Lex COLUMN: Royal Dutch/Shell Apr 30, 2004 Surprises from Royal Dutch/Shell are not normally prefaced with the word “welcome”. Fortunately for shareholders its reserves debacle has played out against a backdrop of high oil and gas prices. First-quarter earnings are strong, enabling the oil group to announce a $2bn share buyback and an […]

Financial Times: Strong results a respite for Shell

Financial Times: Strong results a respite for Shell By Carola Hoyos and Friederike Tiesenhausen Cave Published: April 30 2004 5:00 | Last Updated: April 30 2004 5:00 Royal Dutch/Shell, the embattled energy group, gained some respite from its reserves worries yesterday, reporting strong first-quarter figures and promising investors a $2bn (£1.13bn) share buy-back programme this […]

Financial Times: Shell reassures with upbeat results

Financial Times: Shell reassures with upbeat results By Carola Hoyos and Friederike Tiesenhausen Cave in London Published: April 30 2004 5:00 | Last Updated: April 30 2004 5:00 Royal Dutch/Shell, the embattled energy group, yesterday gained some respite from its reserves worries by reporting strong first-quarter figures and promising investors a $2bn share buy-back programme […]

The Times: Shell share buyback looks slick move

The Times: Shell share buyback looks slick move 30 April 04 SHELL’S vanishing oil reserves did not amount to a death sentence for the company. It was still left with an awful lot of oil and gas at a time when prices for both are strong. But the rapturous reception that greeted the buoyant profit […]

The Times: Shell set to step up disposal of assets

The Times: Shell set to step up disposal of assets By Carl Mortished, International Business Editor April 30, 2004 SHELL is expected to accelerate a multibillion-dollar programme of asset sales in an effort to meet the cost of adopting a dramatic policy U-turn of handing cash back to investors. The oil company yesterday revealed a […]

Daily Telegraph: Shell pledges to buy back $2bn shares

Daily Telegraph: Shell pledges to buy back $2bn shares  By Christopher Hope, Business Correspondent (Filed: 30/04/2004) Shell, the embattled oil and gas giant, yesterday announced plans to buy back $2billion-worth of its shares and said that plans to reform its unwieldy corporate structure were progressing speedily. Shell said that it would spend $2billion on its […]