Shell announces major changes

Oil company Shell's chief executive, Ben van Beurden, warns of job losses and savings due to the economic crisis.

Photo: Yves Herman/Reuters/Ritzau Scanpix

Oil company Royal Dutch Shell faces a significant restructuring, which will be presented at the end of the year, says CEO Ben van Beurden in a video interview posted on the company's internal website, writes Reuters.

According to van Beurden, the restructuring will involve cuts, including job losses and cost reductions. The scope of the cuts remain unknown, sources tell Reuters.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs