The Anglo-Dutch supermajor’s boss said the company is changing tack and promised more asset sales as fourth-quarter profit slumped 48%.
Chief executive Ben van Beurden said Shell would be “making hard choices in (its) world-wide portfolio” and would slash capital spending by $9 billion.
“This is a disappointing outcome, but the lack of a clear path forward means that I am not prepared to commit further resources for drilling in Alaska in 2014,” van Beurden said in a presentation of the company's results.
Shell
