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Shell and BP prepare for further cost-cutting as oil prices stay low - Telegraph.co.uk
Telegraph.co.uk | Shell and BP prepare for further cost-cutting as oil prices stay low Telegraph.co.uk Many oil firms are expected to burn through their cash flows this year, leaving spending cuts and asset sales as tools to avoid sacrificing their dividends. Shell's position is complicated by a pending cash-and-shares takeover of BG Group, which at ... Oil profits set to plummet by billions: BP and Shell hit as prices plunge and ... |
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