Shell keeps oil output steady until 2030 instead of cut

Shell will seek to stabilise liquids production to 2030, it said in a statement ahead of an investor day, having previously called for an oil output reduction of between one and two percent per year.

AFP

June 14, 2023 / 12:56 IST

Shell keeps oil output steady until 2030 instead of cut

UK oil giant Shell said Wednesday that it will keep crude output steady until 2030 instead of cuts, hitting the brakes on its transition to cleaner energy.

Shell will seek to stabilise liquids production to 2030, it said in a statement ahead of an investor day, having previously called for an oil output reduction of between one and two percent per year.

AFP

first published: Jun 14, 2023 12:56 pm

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