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Screen Shot 2015-10-26 at 21.23.40Energy giant will take a $2 billion write-down; cites uncertain business environment

“We are making changes to Shell’s portfolio mix by reviewing our longer-term upstream options world-wide, and managing affordability and exposure in the current world of lower oil prices. This is forcing tough choices at Shell,” Ben van Beurden, Royal Dutch Shell’s chief executive, said in a statement.

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