Shell to cut hundreds of jobs in oil and gas exploration operations
Briefly

from www.theguardian.com2 months ago
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.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/aug/30/shell-to-cut-hundreds-of-jobs-in-oil-and-gas-exploration-operations
The cuts will primarily impact offices in Houston and The Hague, with Shell focusing on creating more value through performance, discipline, and simplification.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/aug/30/shell-to-cut-hundreds-of-jobs-in-oil-and-gas-exploration-operations
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.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/aug/30/shell-to-cut-hundreds-of-jobs-in-oil-and-gas-exploration-operations
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.
www.theguardian.comhttps://www.theguardian.com/business/article/2024/aug/30/shell-to-cut-hundreds-of-jobs-in-oil-and-gas-exploration-operations
Read at www.theguardian.com
#job-cuts #cost-reduction #oil-and-gas-industry #corporate-strategy #shell
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