You are here

Shell cuts costs, slashes spending on virus turmoil

[LONDON]  Royal Dutch Shell said Monday it will slash costs and capital expenditure by billions of dollars due to the worsening coronavirus pandemic, which has sparked an oil price collapse.

The Anglo-Dutch energy major announced in a statement that it will axe operating costs by US$3.0-4...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes