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Shell culling 6,500 jobs, raising spending cuts to weather low oil prices

It plans more asset disposals while pushing ahead with its proposed US$70b BG acquisition

"We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery." - Chief executive officer Ben van Beurden


ROYAL Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 per cent drop in the oil and gas group's second-quarter profits.

The Anglo-Dutch company also said that it was planning...

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