Shell cuts costs, slashes spending on virus turmoil

Shell cuts costs, slashes spending on virus turmoil
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24.03.2020

MOSCOW (MRC) --В 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, reportedВ The Business Times.The Anglo-Dutch energy major announced in a statement that it will axe operating costs by USD3.0-4.0 billion over the next 12 months, and will reduce its annual sp

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