Em meio ao colapso dos custos do petróleo, Shell reduz 5 bilhões de dólares em investimentos e suspende compra de ações

Amid Oil Price Collapse, Shell Cuts $5 Billion in Investments and Suspends Share Buybacks

Written by Flavia Marinho

Published on 23/03/2020 at 14:16

Updated on 23/03/2020 at 14:17

Barris de petróleo com logo da Shell armazenados em Torzhok, Rússia 07/11/2014 REUTERS/Sergei Karpukhin

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The Largest Oil Producer in Brazil After Petrobras, Shell Claimed It Will Reduce Capital Expenditures to $20 Billion or Less.

In an effort to address the recent collapse in oil prices, oil company Shell announced on Monday that it will cut investments by $5 billion and has also halted its extensive $25 billion share buyback plan. Petrobras Requests Disbursement of $8 Billion from Banks to Strengthen Liquidity and Face Oil Crisis

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While seeking to reduce operational costs by an additional $3 billion to $4 billion over the next 12 months, the largest oil producer in Brazil after Petrobras, Shell claimed it will reduce capital expenditures to $20 billion or less, down from a planned level of around $25 billion for the next 12 months.

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Amid Oil Price Collapse, Shell Cuts $5 Billion in Investments and Suspends Share Buybacks

The Largest Oil Producer in Brazil After Petrobras, Shell Claimed It Will Reduce Capital Expenditures to $20 Billion or Less.

Read Also

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Amid Oil Price Collapse, Shell Cuts $5 Billion in Investments and Suspends Share Buybacks

The Largest Oil Producer in Brazil After Petrobras, Shell Claimed It Will Reduce Capital Expenditures to $20 Billion or Less.

Read Also

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.