Shell Plc (SHEL): Shell pre-announces weak 3Q20—cuts 7000-...

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Wednesday, 09/30/2020 10:19:38 AM

Wednesday, September 30, 2020 10:19:38 AM

Shell pre-announces weak 3Q20—cuts 7000-9000 jobs:

https://www.wsj.com/articles/shell-to-cut-up-to-9-000-jobs-11601457301

Linkage of contractual LNG prices to Brent benchmark is now hurting Shell’s bottom line—something that was not envisioned when such projects as Gorgon were developed—see #msg-41374691.

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