Page 5 - Shell

Shell Oil to expand in India

Shell is the only global oil company with a license to build a network of up to 2000 retail fuel stations

Shell net profit dives 71% on low oil prices

The slump in oil prices has pushed energy groups worldwide to slash spending and jobs, and sell off assets

Shell to exit up to 10 countries in cost cutting drive after BG deal

To pay down debt following its $54 billion acquisition of BG Group

Shell cuts 2,200 more jobs

These reductions are in response to oil prices staying lower for longer, and as a result of the acquisition of BG Group Plc earlier this year

Shell to cut 2,200 more jobs in face of weak oil prices

Company has reduced its annual spending target to below $30 billion and is selling $30 billion worth of assets to weather weak oil prices

Shell makes further spending cuts after BG deal

Plans to reduce 2016 spending by around 10% to $30 billion due to low oil prices.

Shell to raise IT headcount in Bengaluru

Plans to consolidate its global IT vendor base

Shell to sell India assets

Raising money through divestments is crucial for Shell after the BG purchase wiped out more than $10 billion of its cash, prompting a credit-rating cut from Fitch Ratings Ltd