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Shell CFO: Renegotiated Costs Down 15%-20% On Some Contracts


APRIL 29, 2009, 4:27 A.M. ET

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) made good progress cutting costs in the first quarter and renegotiated some contracts made in 2005 and 2006 down by 15%-20%, said the company’s Chief Financial Officer Peter Voser Wednesday.

The company expects to save billions of dollars in costs in the next one or two years, he said.

Company Web site:

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]

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