Royal Dutch Ready to End Shell Game
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ExxonMobil (XOM:NYSE - news - research) stepped up to the plate Thursday with record-breaking profits that raced past Wall Street estimates.
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The European Union's competition commissioner is ready to allow Oracle to proceed with its $7.7 billion hostile takeover bid for PeopleSoft, people close to the case said Friday
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Royal Dutch/Shell is merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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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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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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After 171 years, Shell is to move its headquarters from London in a shake-up which will see it formally merged with its partner company, Royal Dutch, to create a 100 billion oil giant.
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Union demands talks over job cut plans Union representatives for Royal Dutch Shell's IT workers demanded talks with the firm's top management yesterday over the outsourcing of up to 3,000 jobs at the oil giant.â¦
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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Shell agreed today to finalized settlements with U.S. and UK regulators over its mis-statement of proven oil reserves.
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Oil major Royal Dutch Shell on Wednesday said it plans to merge its Dutch and U.K. companies, breaking close to a hundred year tradition as a dual Anglo-Dutch group.
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Oil giant Royal Dutch/Shell today said it would to scrap its twin board structure as it battles to restore confidence in the wake of its reserves crisis.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority in restoring battered investor confidence.
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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.
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LONDON Royal Dutch/Shell Group confirmed Wednesday a plan to sell as much as $12 billion in assets, spend as much as $45 billion on new projects, and consider making some acquisitions as the company tries to bolster its oil and natural gas production.
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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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Oracle Corp. said it was prepared to walk away from its bid for rival business software maker PeopleSoft, saying it had learned that its &quot;final&quot; offer was on the verge of being rejected.
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Royal Dutch Shell says it has signed an agreement with energy peers Eni and Calik Enerji on its possible participation in a major oil pipeline project in Turkey.