Oil companies turn in mixed reserves results in 2005

04/10/2006
Oil companies as a group had mixed results in the replacement of oil and gas reserves in 2005.ExxonMobil Corp., ConocoPhillips, Williams Cos. Inc., Occidental Petroleum Corp., and Santos Ltd. were among companies reporting increased reserves.Companies that did not replace production last year include Royal Dutch Shell PLC and Total SA, filings with the US Securities & Exchange Commission show.Shell reported a 2005 net addition (excluding royalty-type commitments paid in-kind) of 575 million boe to proved developed reserves and a net addition of 101 million boe to proved undeveloped reserves before production.In total worldwide proved reserves, Shell reported 11.47 billion boe for 2005...
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