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BP has more in reserve

The Independent: BP has more in reserve

“prompting CSFB to advise a switch out of Royal Dutch Shell”

Tue 29 June 2004

By Phill Cozens, Stockmarket Correspondent

BP improves 5p to 495p as it reports a 23 million barrel rise in proved reserves, prompting CSFB to advise a switch out of Royal Dutch Shell, 4p lower at 413p, while the lower crude price helps British Airways to another 5p rise to 278p, with JP Morgan upgrading its rating to overweight from neutral.

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