Presented in 2021, the British hydrocarbons giant’s carbon neutrality plan called for a reduction in oil production of 1% to 2% per year.
British oil and gas giant Shell announced on Wednesday that it now expects “stable” oil production through 2030, slowing its energy transition.
In a press release ahead of an investor day, Shell stresses that it “will expand its advantageous position in hydrocarbon exploration and production (“upstream”, editor’s note) and generate long-term cash flows by stabilizing its production of liquids until 2030 “. Its carbon neutrality plan presented in 2021 provided for a reduction in oil production of 1 to 2% per year.
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Source: BFM TV
