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Shell declares peak oil, shifts to LNG, CCS

Unveils plans to get to net-zero

Mark Tilly
Shell CEO Ben Van Beurden.

Shell CEO Ben Van Beurden.

The company expects a gradual reduction in oil production of around 1-2% each year, relying on divestments and natural field decline. Downstream it will reduce refining traditional fuels by 55% by 2030....

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