Shell previously flagged a crude output reduction of between one and two percent per year as part of its carbon neutrality plan unveiled in 2021 and based on 2019 output.
"Our target of a reduction in oil production by 2030 has not changed. We've just met it eight years early," a spokesman added. "Performance, discipline, and simplification will be our guiding principles as we allocate capital to enhance shareholder distributions, while enabling the energy transition," said chief executive Wael Sawan.
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