Shell, BP slash capex on oil slump; chemical profits tumble

February 2015
Chemical Week;2/9/2015, p47
Trade Publication
The article reports on the move of petroleum companies Royal Dutch Shell PLC and BP PLC which significantly reduced capital expenses due to declining petroleum prices as of February 9, 2015. It states that the cuts will affect their exploration and production activities and that their organic investments are projected to be lower in 2015 compared with 2014. It notes that both earnings of the companies' chemical businesses have declined.


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