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ROYAL DUTCH/SHELL GROUP OF COMPANIES: 2001 Confidential Management/Market Analysis and Perception Study

Shell confidential reserves fraud discovery document published on Friday 30 November 2007

ROYAL DUTCH/SHELL GROUP OF COMPANIES: 2001 Confidential “Management/Market Analysis and Perception Study”

Some extracts:

“I like Phil Watts. He is an ‘upstreamer’ and has a good understanding of the business and is looking to grow it profitably.”

“RD/Shell’s management comes across as honest and credible.”

“Management’s weakness is that they got ahead of themselves in their promises.”

“They give us all these colorful slides, but when they are compared to reality, they always fall short.”

Part 1 (16 pages)

http://www.shellnews.net/classactiondocs/ex137_420_3.pdf

Part 2 (15 pages)

http://www.shellnews.net/classactiondocs/ex138_420-4.pdf

Part 3 (19 pages)

http://www.shellnews.net/classactiondocs/ex139_420_5.pdf

Part 4 (14 pages)

http://www.shellnews.net/classactiondocs/ex140_420_6.pdf

Part 5 (16 pages)

http://www.shellnews.net/classactiondocs/ex141_420_7.pdf

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