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May 19th, 2005:

Shell to Develop Chinese Gas Field With PetroChina

THE WALL STREET JOURNAL: Shell to Develop Chinese Gas Field With PetroChina

By MATT POTTINGER

Staff Reporter of THE WALL STREET JOURNAL

May 18, 2005; Page B2

BEIJING — Royal Dutch/Shell Group made a final decision to pour $600 million into developing an onshore gas field in China with PetroChina Co., representing a major foreign investment in the country’s natural-gas sector.

The long-planned project between the Anglo-Dutch energy titan and China’s largest oil company involves producing natural gas from the Changbei field in northwest China for sale to provinces and cities to the east, said Shell’s executive director of gas and power, Linda Cook, in an interview in Beijing. read more

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Malaysia Star: Shell Refining posts record first quarter net profit

Malaysia Star: Shell Refining posts record first quarter net profit

19 May 2005

SHELL Refining Company (Federation of Malaya) Bhd reported a record net profit of RM195.4mil in the first quarter ended March 31, up 60% from RM122.5mil in the same quarter last year.

Turnover rose to RM2.25bil for the quarter under review from RM1.53bil a year earlier.

Pre-tax profit was significantly higher at RM216.8mil in the first quarter, against RM137.2mil in the previous corresponding period.

Earnings per share improved to 65.13 sen from 40.82 sen a year ago.

A special interim dividend of 10 sen per share was declared. The company had benefited from an after-tax shareholding gain of RM138mil due to the overall increase in crude oil and product prices experienced during the first quarter of this year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: Shell sees board unification completed on July 20

Reuters: Shell sees board unification completed on July 20

Thu May 19, 2005 7:38 AM BST

LONDON (Reuters) – Shell said it expected to complete the unification of its Dutch and UK holding companies on July 20, a move designed to improve corporate governance after a reserves downgrade scandal.

The company said trading in shares in the newly unified group was expected to start on July 20.

Previously, the Anglo-Dutch oil group had a Dutch holding company — Royal Dutch — and a UK equivalent (Shell Transport & Trading) but many investors had said this structure was too complex. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch/Shell to Be Unified, Ending Century-Old Dual Structure

THE WALL STREET JOURNAL: Royal Dutch/Shell to Be Unified, Ending Century-Old Dual Structure

By BENOIT FAUCON OF DOW JONES NEWSWIRES

May 19, 2005

LONDON — Royal Dutch/Shell Group Thursday said its two parent companies, The Hague-based Royal Dutch Petroleum Co. and London-based Shell Transport & Trading Co., will start trading as a single stock on July 20, ending a nearly century-old dual structure.

The Anglo-Dutch oil giant unveiled the final details of its unification plan, which will result in an organization with a single board, a U.S.-style chief executive and a nonexecutive chairman. Royal Dutch and Shell Transport will propose to their shareholders, who respectively own 60% and 40% of the company, to become subsidiaries of a new parent company, Royal Dutch Shell PLC. Shareholder approval is expected on June 28. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Group Parent Cos. to Trade As 1 Stock

Los Angeles Times: Shell Group Parent Cos. to Trade As 1 Stock

19 May 2005

By Associated Press

THE HAGUE, Netherlands — The two parent companies of multinational oil giant Royal Dutch/Shell Group said Thursday they will trade as a single stock, Royal Dutch Shell PLC, from July 20.

The Hague-based Royal Dutch Petroleum Co. and London-based Shell Transport & Trading Co. PLC will have been listed independently for nearly a century.

Unification plans were revealed on Oct. 28 that will create a management board with a U.S.-style chief executive and a non-executive chairman. Royal Dutch and Shell Transport and Trading will propose to their shareholders, who respectively own 60 percent and 40 percent, to become subsidiaries of the new parent company. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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