Shell spends big to recoup &#39;lost&#39; oil
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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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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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Shell reports a record profit for a UK-listed company of Â£9.3bn but also restates its oil reserves again.
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Exxon Mobil Corp.  plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the world's largest publicly traded oil company said on Wednesday.
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ANCHORAGE (Bloomberg News) â Royal Dutch Shell, the oil company, offered to pay $2.1 billion in an oil and natural gas lease sale, becoming the biggest bidder for the rights in the Chukchi Sea off the coast of Alaska.
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LONDON The corporate restructuring of the RoyalDutch/Shell Group is one of the year&#39;s largest financial transactions. Controversy is building in London over the answer to that question, illustrating yet again
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LONDON/NEW YORK  - Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
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Royal Dutch/Shell plans to auction off its liquefied petroleum gas business, which is valued at more than one billion pounds.
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Scandal-hit oil giant Royal Dutch/Shell  will invest $45 billion over three years to boost reserves and  production but its shares fell on disappointment it did not  extend a stock buyback program.
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AMSTERDAM - Anglo-Dutch energy giant Shell announced plans on Wednesday to invest USD 45 billion (EUR 37 billion) in oil and gas exploration in a bid to increase its reserves and restore investor confidence.
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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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Royal Dutch/Shell Group, the third- largest publicly traded oil company, plans to increase spending to $15 billion a year and drill more to replenish oil and gas reserves that had been overstated for years.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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Oil giant Shell is reportedly set to announce the largest profit in UK corporate history on the back of record oil prices.
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Royal Dutch Shell Plc  reported an 11 percent rise in current cost of supply (CCS) net income to $6.7 billion on Thursday, as higher oil prices and one-off gains helped to offset a fall in production.
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Royal Dutch/Shell Group on Wednesday announced a &#36;150 million increase in the amount of money it will spend in 2004 on exploration and production in Europe, bringing the total to &#36;1.8 billion.
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Some companies are dealing with rising oil costs in unique ways.