TheAnglo-Dutch supermajor has also warned of possible future write downs in the companybut will spend about the same on resource play exploration this year as it didlast year.
In its lateststrategic report issues on Thursday, Shell said it is cutting capitalexpenditure this year to around $37 billion, down around 20% on last year’s $46billion, while some business segments are in for restructuring and about $15billion in asset sales are eyed between this year and next.
UpstreamAmericas
