Royal Dutch Shell Group .com

THE LONDON TIMES: Need to Know: “Sales at Royal Dutch/Shell’s petrol stations in Argentina have reportedly fallen by 70 per cent since Thursday, when Argentina’s Government called for a boycott of its products because of the group’s decision to raise prices.” (ShellNews.net) 15 March 05

 

Need to Know

Sector up 0.1%

 

BP, the oil group, said that last year’s profit would have been $1.3 billion (£675 million) higher under new IFRS accounting standards, and added that it would cut its gearing target. Restated 2004 profits under IFRS were $15.4 billion on a replacement cost basis.

 

Minmet’s shares fell 29 per cent as the Anglo-Irish miner said that it had decided to suspend in-pit mining at the Björkdal mine in Sweden and to revert to processing stockpiles while assessing options.

 

Yukos, the Russian oil company, tried to distance itself from a far-reaching money-laundering inquiry by Spanish police. It said it had no bank accounts or operations in Spain.

 

Xstrata, the London-listed miner, is investing A$6.6 million (£2.7 million) for a 13.2 per cent stake in Universal Resources, an Australian company developing the Roseby copper deposits in Queensland.

 

Sales at Royal Dutch/Shell’s petrol stations in Argentina have reportedly fallen by 70 per cent since Thursday, when Argentina’s Government called for a boycott of its products because of the group’s decision to raise prices.  


Click here to return to Royal Dutch Shell Group .com