Collapse in oil price hammers profits as BG takeover looms but CEO pledges not to conduct a fire sale or cut more jobs
Shell has promised to dispose of a further $10bn of assets this year but insisted it does “not intend to hold a fire sale”.
The sell-off commitment came as the Anglo-Dutch group reported an 87% collapse in annual profits to $1.9bn just as it completes its £35bn takeover of rival BG.