The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS) slashed at its spending plans for 2020, joining a growing list of oil and gas producers who have announced multibillion-dollar capital expenditure cuts for the year.
The company is now targeting 2020 spending levels at or below $20 billion, down $5 billion from its original plans for the year, according to a March 23 press release.
At the same time, Shell plans to cut its operating costs by $3 billion to $4 billion per year over the next…
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