Cost reductions are on track

Comments from SECOND QUARTER 2025 RESULTS:

"In the first half of 2025 we achieved some 800 million dollars in structural cost reductions. This brings the total since 2022 to 3.9 billion dollars, putting us firmly on track for our target of 5 to 7 billion dollars by the end of 2028.

What I am particularly encouraged by is the fact that the majority of these savings come from what we call non-portfolio reductions. Essentially changing the way we work, as opposed to costs that are taken out as part of divestments or other portfolio choices. "

Comment! It's anonymous!

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shell isn’t big oil anymore

here are out verbatim policies right from the ceos mouth

never harvest any more liquids than we are now
continue to invest in renewables
up gas when it’s cheap to go so
don’t innovate, streamline and double down on proven processes and reserves
cut vendors

we’re a renewables company pretending to be an oil company which really makes money by being a natural gas company. you just need to pay attention to get it.

Any news on scope and timing for Starburst (Chemicals)?

Yippee! Senior leadership is on track for something! ... I wish that they were on track to make money or at least stop the shrinkage.

@gt+1k1g88hth

you think trump is giving him breathing room - and yet right after that you say tariffs are hurting chemical margins

what about getting rid of carbon credits? or beginning to threaten going hard on H1B?

how is trump good for him exactly?

Ah yes, cost cutting our way to profitability.
Shouldn’t we be investing more in smart growth projects that will carry the company forward?
These management reports always sound like the hand is firmly on the tiller and the way forward is surely known. Doesn’t that make you feel warm and cozy?

I didn’t even read the announcement. The last reorg has given me a different perspective.

@b7 that is exactly what I said it should be quite till next CMD 2027, then the cycle starts again from 2028

Meeting cost reduction targets is easy. This shouldn’t be applauded.

Re: @a8 - pretty sure at CMD 2023 YL said 3-4 billion in structural cost reduction. That later got revised to 5-7 billion by the end of 2028. Another round is coming and it is going to be just as big as the last one. Buckle up!

don’t be fooled

they count moving your to india a “non portfolio action”

Still too much staff ratio compared to industry peers. So ec-1 can always throw some more of their staff in front of the bus to meet reduction targets4. Advice: get your certificates and a parashute out when your job is ceasing to exist (read moved to India)

I think it is a really good news, and give us a bit of hope that will be less staff reductions coming in the next few years. At least till the next CMD

Thread regarding Shell Oil layoffs

Cost reductions are on track

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