Shell increases investment budget

Royal Dutch Shell added more than £2bn (€2.9bn) to its investment budget for next year today after warning it faced far higher costs.

Shell increases investment budget

Royal Dutch Shell added more than £2bn (€2.9bn) to its investment budget for next year today after warning it faced far higher costs.

The Anglo-Dutch company, which has been under pressure to improve its record in oil exploration, revised its capital expenditure budget from $15bn (€12.5bn) to $19bn (€16bn) for next year.

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