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Shell ready for more cost cuts as earnings fall 87%

Shell is cutting investment, axing nearly 10,000 jobs and selling assets to cope with the downturn.


ROYAL Dutch Shell, Europe's largest oil company, reported its lowest annual income in over a decade on Thursday, and said it would take further steps to cut costs to cope with weak oil prices if needed.

Shell, whose shareholders last week approved its takeover of rival BG...

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