Shell’s “total oil production peaked in 2019” and will now drop 1 per cent or 2 per cent annually, the company said in a statement.
- Stanley Reed
- The New York Times
The announcement, part of the small print of a presentation about future clean-energy goals, is a turning point for one of the world’s leading oil firms, one dating back to the 19th century.
And it underscores a talking point that the company’s chief executive, Ben van Beurden, has expressed for years: To…