Shell plans to cut hundreds of jobs in its oil and gas exploration operations, aiming to slash operational costs by up to $3 billion by next year.
The cuts will primarily impact offices in Houston and The Hague, with Shell focusing on creating more value through performance, discipline, and simplification.
Under Wael Sawan's leadership, Shell has shifted its strategy from production cuts to aggressive cost reduction efforts, seeking a leaner organization and increased profits.
Sawan reported $1.7 billion in cost savings achieved so far, part of a broader initiative to streamline operations and improve efficiency within the company.
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