Commodities & Energy

Reuters reveals Shell plans major restructuring around climate drive

Reuters reveals Shell plans major restructuring around climate drive

Reuters exclusively reported that Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift towards low-carbon. According to a Reuters source, in a video interview published on Shell’s internal website, CEO Ben van Beurden said that the restructuring would involve job cuts as part of broad cost reductions, although no figures have been decided yet.