Royal Dutch Shell said Wednesday Sept. 30, 2020, it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic.

Energy & Environment

Big Oil has operated in Russia for decades, but many companies are cutting ties in protest of the Ukraine invasion

Posted on · Due to the invasion of Ukraine, BP said it will abandon its share in Russian oil company Rosneft, while Shell announced it's ending projects with Gazprom, the majority state-owned natural gas company. Experts say that's putting pressure on Houston-based Exxon Mobil to make a similar decision.

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