Shell Cuts Spending Plans Further

The transcript discusses Shell's strategic response to market challenges, focusing on cost-cutting and investment strategies. Shell plans to reduce its capital expenditure significantly, aiming for a range of $25 to $30 billion by 2020. Concerns are raised about the impact of reduced investment on future oil prices. Shell remains cautiously optimistic, targeting a $60 per barrel oil price by 2020, but is not bullish about reaching $100 per barrel. The company is focused on digesting its recent major acquisition without issues.

What is Shell's strategy to adapt to new market realities?

• Expand into new markets

• Increase capital expenditures

• Cut costs, especially in capital expenditures

• Increase oil production

What is the projected range of Shell's spending by 2020?

• $35 to $40 billion

• $30 to $35 billion

• $25 to $30 billion

• $20 to $25 billion

Why is there concern about Shell reducing its investments?

• It might result in a surplus of oil

• It could cause a spike in oil prices in the future

• It could lead to a decrease in oil prices

• It could lead to increased competition

What is Shell's target oil price per barrel by 2020?

• $80

• $50

• $60

• $70

What is Shell's outlook on reaching $100 per barrel oil?

• They are confident it will happen

• They believe it may never happen

• They are uncertain

• They expect it soon