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Shell files revised 20-F with SEC

Financial Times: Shell files revised 20-F with SEC

By Clay Harris

Jul 03, 2004

Royal Dutch/Shell late yesterday filed its revised 20-F financial statement for 2002 with the US Securities and Exchange Commission.

The revision was necessary because of the Dutch-UK oil and gas group’s serial restatements of proved reserves earlier this year. Shell downgraded its proven reserves by 4.47bn barrels, or 23 per cent, in four separate revisions starting in January.

The 20-F statement for 2003 was filed earlier this week. Shell said last night that all of the financial impact of the new SEC filings had been reflected in its 2003 annual report published in late May. Clay Harris, London.

© Copyright The Financial Times Ltd

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