Shell Cuts 2016 Spending by $2 Billion as It Prepares for BGBy
Combined company's expenditure seen at $33 billion next year
Shell also reduces 2015 spending forecast to $29 billion
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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