News and information on Shell Plc
FEBRUARY 2004 ROYAL DUTCH SHELL NEWS
Sunday 1 February, 2004
ThisisLondon.co.uk: Shell bosses reject shares buyback
Monday 2 February, 2004
The Scotsman: All eyes on Shell as results are unveiled
FT: Nigeria hitch caused Shell cuts
The Independent: Shell chief faces Nigerian challenge
Calgary Herald: Shell set to face the music
Tuesday 3 February, 2004
The Independent: D-Day beckons for Shell chief Watts
Wednesday 4 February, 2004
Business Week: Shell’s Drama Isn’t Over After the downgrade shock, can management get back on track?
HoustonChronicle.com: U.S. regulators start formal inquiry at Shell
The Scotsman: US watchdog launches full Shell inquiry
The Daily Telegraph: Investigators from SEC target Shell
The New York Times: SEC investigates Shell’s cut in reserves
The Boston Globe: SEC opens formal probe of Shell’s oil reserves
Los Angeles Times: SEC Launches Formal Probe of Shell Oil
Boston Business Journal: Massachusetts pension may lead shareholder suit against Shell
The Independent: SEC steps up inquiry into Shell oil reserves row
The Daily Telegraph: Shell management rejig wins cautious approval
BBC NEWS: US watchdog opens Shell inquiry
Bloomberg.com: Shell Says SEC Starts Formal Probe of Reserves Cut
Los Angeles Times: Shell Oil’s Decision to Shut Refinery Warrants Inquiry, U.S. Senator Says
Bloomberg.com: Showa Shell 2nd-Half Net Rises 26% on Oil Price Gains
Financial Times: Unconsummated Anglo-Dutch marriages Or should we be shocked by Shell?
Shell News Friday 13 February, 2004
Shell News Thursday 12 February, 2004
The Age (Australia): Shake up on menu at Royal Dutch/Shell
Forbes.com: Shell exec says U.S. acquisitions “not a priority”
New York Times: Shell Structure Has to Change, Investor Says
The Scotsman: Shell chief faces investor wrath over dual listing
Shell News Sunday 8 February, 2004
The Sunday Times: You can’t be sure of Shell
The Independent: Shell chairman fails to quell revolt as investor anger grows
The Sunday Times: Change board structure now, Shell is told
The Sunday Telegraph: What Watts must do to avoid ejection from Shell
The Sunday Telegraph: It happened on my watch. I am determined to fix it’
Shell News Saturday 7 February, 2004
Times Online: Shareholders hit for six by Shell reserves bungle
Shell chairman issues an unreserved apology12:01AM GMT 06 Feb 2004
Sir Philip Watts yesterday issued “an unqualified apology” for not personally making Shell’s shock announcement that it was cutting its proven reserves by 20pc and admitted he had considered resigning over the matter.
The chairman of Shell’s committee of managing directors also revealed the company had exaggerated its proven reserves for at least 10 years and announced two inquiries into the way it accounts for them.
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