Watts Is On to a Winner Despite Russian Setback

Daily MailJuly 15, 2005

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Summary


SHELL'S remarkable share price rise since last year's reserves scandal has given ousted chairman Sir Philip Watts a Pounds 3m gain in the value of his share options.

The oil giant is making so much from sky-high energy prices that its shares shrugged off the shock news that costs of its Sakhalin-2 gas project in Russia have doubled in two years to $20bn (Pounds 11.4bn).

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Watts Is On to a Winner Despite Russian Setback

This hits the terms of Shell's agreement with Russian gas giant G...

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