Shell shock.
Royal Dutch/Shell was seen as the safest of havens for money invested by insurance companies and pension funds. If you needed a safe, steady return on your money, you could, as the slogan declares, always "be sure of Shell". But on 9th January 2004, the oil giant stunned the financial worl...
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| Published: |
North Sydney, NSW:
BBC Worldwide,
2003.
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| Series: | BBC Learning - Videos for education
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| Subjects: |
| Summary: | Royal Dutch/Shell was seen as the safest of havens for money invested by insurance companies and pension funds. If you needed a safe, steady return on your money, you could, as the slogan declares, always "be sure of Shell". But on 9th January 2004, the oil giant stunned the financial world by confessing to a 20% exaggeration of its proven oil reserves. Shell's share price crashed and 3 billion pounds was wiped off the value of people's investments. How did this gross over-exaggeration happen? |
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| Physical Description: | 1 videocassette (60 min.): sd., col.; 1 in.. |
| Format: | VHS format |
| Production Credits: | Credits: Series editor, Clive Edwards; Reporter, Rajan Datar |