Shell to stabilize liquids output to 2030, halting recent decline

摘要

Shell has indicated it will arrest its falling production volumes, keeping them stable to 2030, in a bid to shore up cash flow. The company’s upstream oil output in 2019 rose 9% year on year to 1.64 million b/d but has declined at an average rate of 7% since then to 1.33 million b/d, with the biggest drop at 12% between 2021 and 2022.