Shell Settles with SEC, UK for $151 Mln
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Royal Dutch/Shell Group agreed on  Tuesday to finalized settlements with U.S. and UK regulators  which will cost the oil giant $150.7 million over its  mis-statement of proven oil reserves.
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But stock of major oil company falls on disappointment it did not extend stock buyback program. LONDON  - Scandal-hit oil company Royal Dutch/Shell said Wednesday it will invest $15 billion a year
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Royal Dutch/Shell has agreed to pay $120 million to settle fraud charges with the S.E.C. involving overstated oil reserves, the U.S. securities regulator said today.
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Time Warner said yesterday that it had agreed to pay the US government $510 million (R3 billion) to resolve criminal and civil charges that its America
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The Anglo-Dutch oil giant Shell today sought to draw a line under its reserves scandal by announcing plans to spend $15bn (Â£8.4bn) a year to replenish reserves and develop production in its oil and gas business.
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The government says it is near agreement with BP PLC and Shell Oil Co. to recoup some of nearly $10 billion in lost royalty revenue from improperly prepared oil and gas leases.
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Royal Dutch Shell Plc (RDSa.L) 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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HARTFORD, Conn. -- An investment firm that was found in breach of contract in a lawsuit involving the state&#39;s pension fund has settled for $15 million, the two sides announced Monday.
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Energy giant Shell announces an annual profit of Â£9.32bn - a record for a UK-listed company.
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Royal Dutch/Shell will invest $15 billion (8 billion pounds) a year in 2004/06 to boost reserves and production, as it tries to draw a line under a reserves scandal that rocked the group.
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British energy firm BP agreed to pay 373 million dollars in fines and restitution to settle several US government probes, including allegations of trading abuses, officials said Thursday.
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Citigroup will pay $15.2 million to settle claims that its brokers had coaxed BellSouth employees into retiring early on exaggerated projections for investment returns.
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Citigroup Inc. , the world's biggest financial-services company, will pay $15.2 million to settle claims its brokers coaxed BellSouth Corp. workers into early retirement by exaggerating projections for investment returns, said NASD, the main US brokerage regulator.
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The Nigerian Senate has ordered Anglo-Dutch oil giant Shell to pay 1.5 billion dollars (1.2 billion euros) compensation for damages caused by nearly 60 years of exploration in the Niger Delta, a Senate document said.
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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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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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Shell, the beleaguered oil giant, has been asked by Nigeria&#39;s Senate to pay $1.5bn (Â£830m) compensation to communities affected by oil pollution in the country.