Shell's CEO explains why the oil giant had to slash its dividend for the first time since World War II — and why it will help keep the company's low-carbon goals on track

Shell's CEO explains why the oil giant had to slash its dividend for the first time since World War II — and why it will help keep the company's low-carbon goals on track

Business Insider

Published

· Royal Dutch Shell cut its dividend for the first time since World War II on Thursday, citing "unprecedented and intense economic headwinds." 
· The supermajor's CEO Ben Van Beurden says destruction of fuel demand, which sent oil prices sinking, "will go very, very deep in the coming weeks and months."
· Cutting the...

Full Article