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royal dutch shell overstating oil reserves |
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Re: royal dutch shell overstating oil reserves
Royal Dutch Shell plc is a British–Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom As you asking here I am telling in 2004 Royal Dutch Shell plc overstated its oil reserves, resulting in loss of confidence in the group, a £17 million fine by the Financial Services Authority and the departure of the chairman Philip Watts. A lawsuit resulted in the payment of $450 million to non-American shareholders in 2007. Company profile: Type Public limited company Traded as LSE: RDSA, RDSB Euronext: RDSA, RDSB NYSE: RDS.A, RDS.B ISIN GB00B03MLX29 Industry Oil and gas Predecessor Royal Dutch Petroleum (1890) "Shell" Transport and Trading (1897) Founded February 1907; 110 years ago Headquarters The Hague, Netherlands (Headquarters) Shell Centre, London, United Kingdom (Registered office) Area served Worldwide Key people Charles O. Holliday (Chairman) Ben van Beurden (CEO) Products Petroleum, natural gas, and other petrochemicals Revenue US$233.6 billion (2016) Operating income US$2.36 billion (2016) Profit US$4.57 billion (2016) Total assets US$411.2 billion (2016) Total equity US$186.6 billion (2016) Number of employees 93,000 (2016) Subsidiaries Shell Australia Shell South Africa Shell Canada Shell Chemicals Shell Gas & Power Shell Hong Kong Shell Nigeria Shell Oil Company Shell Pakistan |
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