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Devastatingly bad news day for Shell 9 years ago: 10 Jan 2004

9th anniversary of a devastatingly bad news day for Shell and its shareholders exactly 9 years ago: 10 Jan 2004. How Shell blew a hole in a 100-year reputation. News of reserves fraud wipes 7.5% off shares, £8bn from value of oil giant.

The Times: How Shell blew a hole in a 100-year reputation

The Times (LONDON): Shell shock for investor confidence

Daily Telegraph: Shell drops ‘bombshell’ on reserves

Daily Telegraph: All Shell proves is that others do it so much better

THE SCOTSMAN: Market stumbles on Shell reserves news

THE SCOTSMAN: Shell’s massive miscalculation fuels fires of shareholder scorn

The Guardian: Sir Philip ducks out as Shell cuts its reserves

The Scotsman: wipes 7.5% off shares   

The Independent: Reserves shock wipes £8bn from value of oil giant Shell

The Guardian: Another sign of unreliable times …

Sky News: Shell shares slide 

London Evening Standard: Reserves shock hammers Shell

Bloomberg News: Shell cuts estimate of oil reserves

Financial Times: Shell hit by move on reserves and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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