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Shell Reserves Scandal

MAY 2005 ROYAL DUTCH SHELL NEWS HEADLINES

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DAILY MAIL (UK): Shell fuels controversy as profits soar by 42pc

DAILY MAIL (UK): Shell fuels controversy as profits soar by 42pc

Posted 30 April 05

By Brian O’Connor

SHELL and Exxon Mobil made huge profits in the quarter to March, bringing fresh protests from motorists and consumer groups squeezed by soaring oil prices.

Fears for the world economy continued as US crude prices, which briefly fell below $50 for the first time in 10 days, rebounded to $51.85.

Shell’s profits soared 42pc to $6.67bn (£3.5bn), a whisker above the $6.66bn that BP reported this week. read more

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APRIL 2005 ROYAL DUTCH SHELL NEWS HEADLINES

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JANUARY 2005 ROYAL DUTCH SHELL NEWS HEADLINES

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DECEMBER 2004 ROYAL DUTCH SHELL NEWS

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NOVEMBER 2004 ROYAL DUTCH SHELL NEWS

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OCTOBER 2004 ROYAL DUTCH SHELL NEWS

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SEPTEMBER 2004 ROYAL DUTCH SHELL NEWS

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AUGUST 2004 ROYAL DUTCH SHELL NEWS

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JULY 2004 ROYAL DUTCH SHELL NEWS

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JUNE 2004 ROYAL DUTCH SHELL NEWS

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MAY 2004 ROYAL DUTCH SHELL NEWS

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APRIL 2004 ROYAL DUTCH SHELL NEWS

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The Times: Revival in the pipeline?

The Times: Revival in the pipeline?

 April 29, 2004

By Richard Irving, Business News Editor

Shell has shocked investors again, this time by revealing profits far better than they had hoped for.

For most of 2004, Shell has found buyers for its shares as elusive as its “proven” oil reserves.

It was not so long ago, in June last year, that the stock was trading near parity with BP shares at a little over 400p.

Yesterday Shell shares closed at 386.75p, more than 20 per cent below the price of BP stock.
read more

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Forbes.com: S&P says it may still cut Shell’s debt rating

Forbes.com: S&P says it may still cut Shell’s debt rating

Reuters, 04.29.04, 12:02 PM ET

NEW YORK, April 29 (Reuters) – Standard & Poor’s on Thursday said it may still cut its rating on Royal Dutch/Shell after the Anglo-Dutch oil group reported first-quarter financial results at the top range of expectations.

S&P said that although some of the quarter’s news was positive, including a sharp reduction in debt to $11.7 billion from $18.2 billion, there were also negatives, such as an erosion in oil and gas production and a planned $14.5 billion to $15 billion capital spending program for 2004 and 2005.
read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Scotsman: Embattled Shell lifted by 9% rise in profits

The Scotsman: Embattled Shell lifted by 9% rise in profits

29 April 04

THE tide appeared to turn in Shell’s favour today as the troubled oil giant cheered analysts by reporting a nine per cent hike in quarterly profits.

The company, which has seen its reputation battered by a series of oil reserve downgrades, also bowed to investor pressure and restarted its share buyback programme.

Net profits for the first three months of the year rose ahead of market expectations to some £2.4 billion – despite the company recording a decline in oil output.
read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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