First-quarter net income for 2004 has been re-adjusted to $4.7bn from $4.43bn because of changes in the accounting of inventories.
The changes, which were a follow-through from the adjustments in its 2003 accounts, were done to mainly reflect the cut in its oil and gas reserves.
In May this year, Shell cut its estimates of oil barrel reserves by more than 4 billion barrels, leading to the resignation of senior executives.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements