Page 5 - Shell

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