Royal Dutch Shell, which is building a multibillion-dollar petrochemical complex in Beaver County, on Monday announced plans to cut at least $3 billion from its operating costs and drop capital spending by at least $5 billion as it and other oil and gas companies try to weather the steep fall in oil prices due to the coronavirus.
Shell (NYSE: RDS.A) made the announcements Monday, saying that it believed these and other measures would help it save between $8 billion and $9 billion on free cash flow…