Royal Dutch/Shell Group has agreed to pay a total of $151 million in final settlements with the U.S. Securities and Exchange Commission (SEC) and UK regulators for its overstatement of proven oil and natural gas reserves during a five-year period.
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Royal Dutch/Shell Slapped with $151M in Penalties by U.S., UK Regulators
Royal Dutch/Shell Group agreed on Tuesday to pay a total of $151 million in final settlements with the U.S. Securities and Exchange Commission (SEC) and UK regulators for its overstatement of proven oil and natural gas reserves during a five-year period.
August 25, 2004
Shell’s $151M Fine to Resolve Reserves Investigations Called ‘Disappointing’
London-based Royal Dutch/Shell Group last week agreed to pay $151 million in fines to resolve investigations by the Securities and Exchange Commission (SEC) and British regulators into the company’s oil and natural gas reserves miscalculations. However, an attorney representing two large shareholder groups that are suing the company over the reserves issue said the news was “disappointing.”
August 2, 2004
Shell’s $151M Fine to Resolve Reserves Investigations Called ‘Disappointing’
London-based Royal Dutch/Shell Group has agreed to pay $151 million in fines to resolve investigations by the Securities and Exchange Commission (SEC) and British regulators into the company’s oil and natural gas reserves miscalculations.
July 30, 2004
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