Shell CEO: Cutting O&G production 'not healthy'

Practical plan: A flag is seen flying at a shell petrol station in London. The company remains committed to a strategy to invest in both oil and gas as well as low-carbon and zero-carbon technologies. — AP

SHELL Plc’s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security.

“I am of a firm view that the world will need oil and gas for a long time to come,” Shell chief executive officer Wael Sawan said in an interview with Times Radio.