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Royal Dutch Shell – To cut 6,500 jobs

Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong Royal Dutch Shellperformance in marketing and refining failed to offset the brunt of lower oil and gas prices.

The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and gas prices squeezes its vast global exploration and production operations.

Chosen excerpts by Job Market Monitor. Read the whole story at Royal Dutch Shell Profits Continue to Fall, Prompting 6,500 Layoffs – The New York Times.

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Statoil Cutting up to 1,500 Permanent Jobs – WSJ

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Total – To cut 2,000 jobs

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BP – To cut 300 North Sea jobs

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Suncor – To cut 1,000 jobs

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BP – Thousands of job cuts to come

BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction … Continue reading

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