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

February 2015
Chemical Week;2/2/2015, Vol. 177 Issue 4, p15
Trade Publication
The article discusses the reduction of the capital expenditure (capex) separately announced by p oil and gas companies Royal Dutch Shell and BP in response to the decline of oil prices. Topics discussed include the decrease of the organic investment in 2015, the $46.0 million earnings reported by the chemical segment of shell, and the restructuring charges of $1.00 billion announced by BP in 2014.


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