Shell has decided it's not so eager to look for oil these days
Coronavirus
In This Story SHEL Shell SHEL , one of the world’s largest oil companies, is pulling back a bit from looking for the product that powers its bottom line. Reuters reports that the company will be cutting 20% of its oil-and-gas exploration workforce, the equivalent of hundreds of jobs . The move is part of an effort to save as much as $3 billion in expenses by the end of the year. Suggested Reading Wegovy could potentially prevent Covid-19 deaths, study shows Typhoon Shanshan is blowing planes
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