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Reuters: Business News
Shell eyes return to growth as reserves jump
LONDON (Reuters) - Royal Dutch Shell Plc said it was planning a return to robust growth in oil and gas production after seven years of decline and unveiled strong reserves additions that should underpin longer-term growth aims. Europe's largest oil company by market value said it was targeting output of 3.5 million barrels of oil equivalent per day (boepd) in 2012, up from 3.15 million in 2009 -- equivalent to an annual growth rate of 3.5 percent.
Tue, 16 Mar 2010 09:51:00 +0000