The European Union probe into potential energy-price manipulation has made no adverse findings against Royal Dutch Shell PLC (RDSB.LN), the company's chief executive Peter Voser said Tuesday.
The European Union probe into potential energy-price manipulation has
made no adverse findings against Royal Dutch Shell PLC (RDSB.LN), the company's
chief executive Peter Voser said Tuesday.
European antitrust regulators raided the offices of Shell last week, as well as
those of BP PLC (BP), Statoil ASA (STO) and price-index firm Platts, a division
of McGraw Hill Financial Inc. (MHFI).
"At this stage it's just an investigation into facts and evidence and no
adverse findings have been made," Mr. Voser said at the company's annual
general meeting.
Shell strives to achieve the highest standards of corporate behavior and any
allegations of oil price manipulation would be, "against everything we
believe in at Shell," he added.
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