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Shell to cut spending, sell assets
(MENAFN) Anglo-Dutch oil company Royal Dutch Shell has announced major decisions in selling off assets, cut spending and freeze a controversial Arctic drilling program, according to Khaleej Times
Ben van Beurden, chief executive of the world's No. 3 investor-owned oil company, said: "Our overall strategy remains robust, but 2014 will be a year where we are changing emphasis, to improve our returns and cash flow performance.
Shell aims to focus on returns through its new plan as it announced a shock profit warning for the quarter to the end of December
Ben van Beurden, chief executive of the world's No. 3 investor-owned oil company, said: "Our overall strategy remains robust, but 2014 will be a year where we are changing emphasis, to improve our returns and cash flow performance.
Shell aims to focus on returns through its new plan as it announced a shock profit warning for the quarter to the end of December
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