Shell Shares Drop Amid Fears Over Low Reserves

Daily PostJanuary 11, 2004

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Summary


SHARES in market heavyweight Shell plunged yesterday after it told investors that its accessible oil and gas stocks were lower than previously thought.

A review of its global energy fields over the past three months found its proved reserves were a fifth lower than past statements.

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Extract


Shell Shares Drop Amid Fears Over Low Reserves

It forced Shell to reclassify these reserv...

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