Shell CEO Ben van Beurden (pic) named nine hubs for oil and gas production: Brazil, Brunei, Gulf of Mexico, Kazakhstan, Malaysia, Nigeria, Oman, Permian and Britain's North Sea. Shell also plans to shed up to 9,000 jobs, or more than 10% of its workforce.
LONDON: Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and CEO Ben van Beurden said the group's oil output probably peaked in 2019 as he spearheads a transition to low-carbon energy.
The Anglo-Dutch company hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate "significant uncertainty".
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