Defendant Name:
Royal Dutch Petroleum Company
Defendant Type:
Public Company
SIC Code:
1311
CUSIP:
78025780
Document Reference:
34-50233
Document Details
Legal Case Name
In the Matter of Royal Dutch Petroleum Company and The "Shell" Transport and Trading Co., p.l.c.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
24-Aug-2004
Document Format
Administrative Proceeding
AAER
2085
Allegation Type
Issuer Reporting and Disclosure
Document Summary
According to the SEC: "In a series of announcements between January 9 and May 24, 2004, Shell announced the recategorization of 4.47 billion barrels of oil equivalent ("boe"), or approximately 23%, of the "proved" reserves it reported as of year-end 2002, because they did not comply with the definition of "proved" reserves in Rule 4-10 of Regulation S-X ("Rule 4-10").3 This recategorization reduced the standardized measure of future cash flows reported in Shell's original 2002 Form 20-F as Supplemental Information under Statement of Financial Accounting Standard No. 69 ("FAS 69") by approximately $6.6 billion."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Other Defendants in Action:
