Shell declines resigning rumours

Royal Dutch/Shell has declined to make any comment on media reports that chief financial officer Judy Boynton would resign as early as today in the fallout from surprise cuts to its oil and gas reserves.

Weekend reports said the Anglo-Dutch oil giant’s directors would put the final touches to a stock exchange announcement to be released today, summarising the conclusions of an internal review. Shell stunned investors in January when it said it had over-estimated by 20% the amount of oil and gas it was certain it could extract profitably from its fields.