Shell's top executives kept board in dark on reserves: company weathers bad news as some see chance to buy

Article Abstract:

Announcements of oil reserve overstatements by Royal Dutch-Shell Group of Cos. has not yet negatively affected investor behavior. While stocks dropped the day of the announcement, some company units have since risen. Investors say the crisis is on a much smaller scale when compared to the likes of Enron Corp., and believe the resultant dismissal of certain executives will foster a turnaround.

Legal issues & crime, Capital funds & cash flow, Economic aspects, Company legal issue, Investigations, Accounting and auditing, Investments, Comparative analysis, Petroleum reserves

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Shell slashes oil reserves again, move overshadows profit surge

Article Abstract:

Royal Dutch-Shell Group of Cos. has reported a sharp cut in its estimate of energy reserves, having written off an additional 1.4 billion barrels of oil and indicating the need for new resources. Fourth quarter profit for Royal Dutch-Shell Group of Cos. surged to $4.48 billion.

Sales, profits & dividends, Management dynamics, Petroleum refining, Industry Overview, Management, Company sales and earnings, Company earnings/profit, Company Profile, Company business management

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