A 4.6% plunge in sales helped knock Royal Dutch Shell out of the top spot, where it reigned for two years. Profits, too, dropped nearly 40% for the year after low production, high costs and issues with refining.
But there’s new leadership aiming to turn things around. CEO Ben van Beurden took the helm in January. Just weeks into the position, van Beurden said: “Our focus will be on improving Shell’s financial results, achieving better capital efficiency and on continuing to strengthen our operational performance and project delivery.”
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