In a strategy update, Shell (RDS.A) says it replaced only 95% of its depleted reserves in 2008,...

|By:, SA News Editor

In a strategy update, Shell (RDS.A) says it replaced only 95% of its depleted reserves in 2008, falling below the 100% rate needed to maintain production and below that of rivals ExxonMobil (XOM) and BP (BP). Firm also increases dividend by 5%. Shares -2.15% premarket.