TITLE

A SHELL OF ITSELF

AUTHOR(S)
Schwartz, Nelson D.
PUB. DATE
March 2006
SOURCE
Fortune;3/6/2006, Vol. 153 Issue 4, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article discusses Shell and its decline in oil production. Shell has fallen behind other big oil competitors because it has been relying on its oil reserves for production, and has had difficulty finding oil deposits, despite spending more than any of its competitors on drilling. Shell executives blame this decline on decreased exploration expenditures in the 1990s. However, Shell CEO Jeroen van der Veer is confident that new drilling projects on Sakhalin Island and in Nigeria will enable Shell to catch up with its peers.
ACCESSION #
19864928

 

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