Shell Reduces Earnings by $203 Million

May 27, 2004

Royal Dutch/Shell Group of Cos. reduced its 2003 earnings by $203 million Friday, in an annual report delayed by two months due to the scandal arising from the company’s downgrading of its oil and gas reserves.

Yet even as it sought to restore its battered reputation, Shell suffered another blow when a U.S. refinery said it had supplied Shell gas stations in parts of Louisiana and Florida with gasoline that contained potentially damaging amounts of sulfur.

More…

AP


Tags: Fossil Fuels, Industry, Oil

Comments

We changed commenting systems on September 10, 2026 as part of a site-wide functionality and security upgrade. Your past comments have not disappeared, and you can still log in with your old Disqus account credentials if you wish. Contact us with any questions.

Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted