The Angolo-Dutch supermajor expects to offload $15 billion worth of upstream and downstream assets in the coming year, according to new chief executive Ben van Beurdan.
“We are making hard choices in our world-wide portfolio to improve Shell's capital efficiency," van Beurden said.
Capital spending will also be slashed by $9 billion from 2013 to 2014.
“Our ambitious growth drive in recent years has yielded a step change in Shell's portfolio and options, with more growth to come, but at the same time we have lost some momentum in operational delivery, and we can sharpen up in a number of areas,” he told investors on Thursday in The Hague.
“Our
