Royal Dutch Shell plc Thursday agreed to pay nearly $118 million to U.S. investors to settle claims related to its oil and natural gas reserves restatements in 2004.
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Shell Says ‘Refocused’ on Exploration, Reserves Replacement
Royal Dutch/Shell Group on Thursday reiterated its target to replace at least 100% of its oil and natural gas reserves between 2004 and 2008, following restatements that showed the oil giant had reserves totaling 11.9 billion boe, down from a restated figure of 12.95 billion boe in 2003. Shell replaced only 19% of its output last year.
April 4, 2005
Shell Says ‘Refocused’ on Exploration, Reserves Replacement
Royal Dutch/Shell Group on Thursday reiterated its target to replace at least 100% of its oil and natural gas reserves between 2004 and 2008, following restatements that showed the oil giant had reserves totaling 11.9 billion boe, down from a restated figure of 12.95 billion boe in 2003. Shell replaced only 19% of its output last year.
April 1, 2005
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