Shell Cuts 2016 Spending by $2 Billion as It Prepares for BG

  • Combined company's expenditure seen at $33 billion next year
  • Shell also reduces 2015 spending forecast to $29 billion

Light trails made by passing automobiles outside at a gas station operated by Royal Dutch Shell at dawn in Guildford, U.K.

Photographer: Jason Alden/Bloomberg

Royal Dutch Shell Plc, Europe’s largest oil company, further reduced spending plans for this year and 2016 as it prepares to take over BG Group Plc amid slumping prices for crude.

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