Royal Dutch-Shell to boost spending
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Anglo-Dutch energy company Royal Dutch-Shell will boost capital spending to $15 billion a year during 2004-06 to build proven reserves.
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The huge corporate reorganization of the Royal Dutch/Shell Group is one of the year&#39;s largest financial transactions. But is it really a merger?
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Royal Dutch/Shell will merge its Dutch and British holding companies, the oil giant said on Thursday, as it seeks to address the failings that led to a shock downgrade in proven oil reserves in January.
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The company is expected to increase spending in India by $500 million, as it focuses on making the country a regional hub for small-car manufacturing.
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ANGLO-Dutch oil group Royal Dutch Shell yesterday said it would invest $45bn over three years to boost reserves and production as it battles to shake off the scandal of its reserves over-booking.
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Shell has pledged to spend more cash on finding oil and gas over the next three years as the world&#39;s No.3 oil company admitted that its production was likely to be flat until 2009.
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LONDON (CBS.MW) -- Outlining an expectation for higher oil prices and increasing demand, Royal Dutch/Shell on Wednesday said it&#39;s lifting project spending to $45 billion over the next three years.
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LONDON (AP-CP) - Royal Dutch/Shell Group said today it will spend $45 billion (US) and sell up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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The Royal Dutch/Shell Group of Cos. said Thursday third quarter earnings doubled, and it unveiled plans for its two holding companies to merge.
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Royal Dutch/Shell Group unveiled another, bigger-than-expected, cut in oil reserves on Thursday but tempered the news by announcing record profits and plans for higher dividends and share buybacks.
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CALGARY - Shell Canada Ltd. and its partners will undertake a massive $4-billion expansion at its oilsands project in Alberta&#39;s northeast, despite cost overruns of billions of dollars on the initial construction
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Exxon said it would spend much of the record $39.5 billion it earned last year by increasing investment in oil and natural gas projects.
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A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia&#39;s Sakhalin Island said Thursday it has struck a US$6 billion (euro4.
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LONDON -- The Royal Dutch/Shell Group said Wednesday that it would sell as much as $12 billion in assets, spend $45 billion on new projects and consider some acquisitions as it tries to bolster oil and gas production.
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Exxon Mobil increased its expected   spending for its Sakhalin oil project in Russia above the   original 2002 estimate of $12.8 billion to reflect inflation   and foreign exchange pressures, a spokesman said on Monday.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday to merge its two holding companies after nearly a century apart, a response to a scandal over its downgrading of oil reserves. The company, which posted third-quarter profits double those of a year ago, also warned it might further reduce its proven oil reserves.
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Royal Dutch/Shell says there is scope for more share buybacks, provided that oil prices remain high. &quot;If the oil price is high, there is space to do buybacks,&quot; Chairman Jeroen van der Veer told reporters in London on Wednesday.