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International Business Times
International Business Times

Shell Plans To Cut More Costs, Boost Gas Sales

Shell Oil Natural Gas
British energy giant Shell announces further cost-cutting plans (Credit: AFP)

British energy giant Shell on Tuesday announced plans to slash costs by billions of dollars and increase shareholder returns, as it focuses on its liquified natural gas (LNG) business.

Shell aims to reduce costs by between $5 billion to $7 billion by 2028, compared with 2022 levels, the company said in a statement ahead of its investor event in New York.

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