Shell downgraded its proven reserves by 4.47 billion barrels, or 23 percent, in four separate revisions starting in January.
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Shell To Unify Its British and Dutch Boards
International oil and gas giant Royal Dutch Shell Group has decided to combine its British and Dutch
International oil and gas giant Royal Dutch/Shell Group has decided to combine its British and Dutch supervisory boards and is considering merging its two holding companies.
Several members of a Shell steering committee are urging a thorough restructuring that goes beyond shareholders' expectations, in a bid to restore the company's battered credibility.
Investors and analysts alike have blamed Shell's cumbersome bi-national corporate structure for the breakdown in governance that led to significant overstatements of the company's oil and gas reserves.
Shell downgraded its proven reserves by 4.47 billion barrels, or 23 percent, in four separate revisions starting in January.
Shell downgraded its proven reserves by 4.47 billion barrels, or 23 percent, in four separate revisions starting in January.
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