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Shell aims for steeper cost cuts after BG takeover

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Kiran Stacey, Energy Correspondent: June 7, 2016 8.03am

Royal Dutch Shell is aiming to make steeper cost cuts than previously planned as a result of its £35bn takeover of rival BG Group, the company has said.

The international oil company gave investors an update on its long-term strategy on Tuesday, in which it tried to reassure the market about the amount of debt it has taken on as a result of the purchase, which was completed in February.

FULL FT ARTICLE

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