We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Oil slip

9 January 2004

Another booboo from the oil giant. Shell has cut its estimate of proved reserves by a whopping 20%. This is equivalent to lopping $7bn off future cash flows. The firm has not adequately explained why it overestimated in the first place.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)