Shell is planning to maintain its current level of oil production until 2030
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Shell is the latest oil and gas company to row back on plans to cut its production of fossil fuels, abandoning a target to cut oil production each year for the rest of the decade.
In an investor update on 14 June, Shell said it would maintain its level of oil production at 1.4 million barrels per day through to 2030 – slightly lower than its output of 1.5 million barrels per day in the first quarter …
Article amended on 15 June 2023
We corrected the level of oil production Shell plans to maintain until 2030.