Shell plans to cut 20% of positions in some oil, gas divisions, Bloomberg says

Shell is planning to eliminate roughly 20% of its workforce in some oil and gas exploration and development divisions as CEO Wael Sawan looks to raise efficiency and profitability, Bloomberg’s William Mathis reports, citing a person familiar with the matter. The reductions are the latest round of cuts following similar moves in the deal-making unit, as well as low-carbon solutions, chemicals and offshore wind and they would impact the company’s exploration, strategy and portfolio segment as well as its development, subsurface and wells business.