Oil giant Royal Dutch/Shell says it has decided to push back the dates of its shareholder meetings as it continues with a strategy review after an earlier reserves scandal.
The world's third-largest oil group The Anglo-Dutch group said it expected to announce its second interim dividend on February 3.
Shell announced plans in October to move to a unified corporate structure to improve its governance after it shocked investors in January by slashing its proven oil and gas reserves by some 20 percent. Subsequent smaller reserves cuts, while not as dramatic as the first, further dented investor confidence.
Shell said it would ditch its century-old dual-ownership, where it had one board dealing with Netherlands-based Royal Dutch and another handling UK-based Shell Transport & Trading.
The reserved scandal caused the ousting of its previous top directors, led to around $150 million (€113.8m) in regulatory fines and raised serious questions about corporate governance at Shell.
The group said on Friday that its review of oil and gas reserves was continuing on schedule.
"As announced on 28 October 2004, the review of proved oil and gas reserves is continuing on schedule, and to the extent possible, the remaining proved reserves that have not yet received detailed review will be audited prior to the end of 2004," the company said in a statement.
"Also as announced on 28 October, this review may require a restatement of previous periods to allocate revisions to the year concerned," it added.
said today it expects to publish its fourth quarter results on February 3 and hold its shareholder meetings on June 28. The Anglo-Dutch group had previously expected to hold its shareholder meetings in April.