Shell to oversee 'gradual managed decline' of oil output: Van Beurden

Crude production set to fall 1% to 2% per annum under new strategy to reduce carbon intensity as investment bar will be 'set higher'

Headquarters: a flag bearing Shell's company logo flies outside the head office in The Hague, the Netherlands
Headquarters: a flag bearing Shell's company logo flies outside the head office in The Hague, the NetherlandsPhoto: AP/SCANPIX
Published 11 February 2021, 14:21Updated 15 February 2021, 17:17