Nikola Corporation (NKLA)

[srm4u]

Shell to cut up to 9,000 jobs in shift to low-carbon energy
9/30/2020
Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels.

The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to leave the company this year.

The job losses are part of an overhaul aimed at cutting costs and simplifying the company's structure as it moves into low-carbon energy. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022.
https://www.msn.com/en-us/news/us/shell-to-cut-up-to-9-000-jobs-in-shift-to-low-carbon-energy/ar-BB19yLZw


Royal Dutch Shell

Shell was formed in 1907 through the amalgamation of the Royal Dutch Petroleum Company (Dutch: N.V. Koninklijke Nederlandse Petroleum Maatschappij) of the Netherlands (formerly the Royal Dutch Company for the Exploitation of Petroleum Wells in the Dutch East Indies (Dutch: N.V. Koninklijke Maatschappij tot Exploitatie van Petroleumbronnen in Nederlandsch-Indië)) and the "Shell" Transport and Trading Company of the United Kingdom. Until its unification in 2005 the firm operated as a dual-listed company, whereby the British and Dutch companies maintained their legal existence but operated as a single-unit partnership for business purposes. Shell first entered the chemicals industry in 1929. Shell was one of the "Seven Sisters" which dominated the global petroleum industry from the mid-1940s to the mid-1970s. In 1970 Shell acquired the mining company Billiton, which it subsequently sold in 1994 and now forms part of BHP. In recent decades gas exploration and production has become an increasingly important part of Shell's business.[17] Shell acquired BG Group in 2016, making it the world's largest producer of liquefied natural gas (LNG).[17]

Shell has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of £216 billion at the close of trading on 27 June 2019, by far the largest of any company listed on the London Stock Exchange.[18][19] It has secondary listings on Euronext Amsterdam and the New York Stock Exchange. As of January 2013, Shell's largest shareholder was Capital Research Global Investors with 9.85% ahead of BlackRock in second with 6.89%.[20] According to the CDP Carbon Majors Report 2017, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988-2015.[21]
https://en.wikipedia.org/wiki/Royal_Dutch_Shell


Shell world headquarters in Haagse Hout, The Hague
https://www.google.com/maps/place/52%C2%B005'39.8%22N+4%C2%B021'17.3%22E/@52.0242657,5.2123841,6.25z/data=!4m5!3m4!1s0x0:0x0!8m2!3d52.0944!4d4.3548