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Shell plans to cut more costs, boost gas sales
Shell plans to cut more costs, boost gas sales
Economy
by  AFP

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business. That is an increase from its previous target of $2 billion to $3 billion in cost reductions by the end of 2025, which had involved hundreds of job cuts in its oil and gas division.