AFX Europe (Focus): Royal Dutch/Shell says 2004 net income was 18.2 bln usd under US GAAP rules: “The group also said its Reserve Replacement Ratio (RRR), excluding the impact of divestments and year-end pricing and including associates, was 49 pct, within the 45-55 pct range provided on Feb 3.” (ShellNews.net) 31 March 05
Mar 31, 2005
LONDON (AFX) - The Royal Dutch/Shell Group said its proved reserves at the end of 2004, including associates, was 11.9 bln barrels of oil equivalent (boe), excluding the Athabasca oil sands mining reserves of 0.6 bln boe, according to a filling with the US Securities and Exchange Commission.
Net income for the year to end December 2004 was 18.2 bln usd after taking into account the impact of the reserves restatement on Feb 3.
The group also said its Reserve Replacement Ratio (RRR), excluding the impact of divestments and year-end pricing and including associates, was 49 pct, within the 45-55 pct range provided on Feb 3.
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