No adverse findings against Shell from EU oil probe

5/21/2013

No adverse findings against Shell from EU oil probe

BY SELINA WILLIAMS

HAGUE -- The European Union (EU) probe into potential energy price manipulation has made no adverse findings against Shell, the company's CEO Peter Voser said.

European antitrust regulators raided the offices of Shell last week, as well as those of BP, Statoil and Platts.

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.

Dow Jones Newswires

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