date:Feb 24, 2014
said the Anglo-Australian company, which has scaled back or postponed tens of billions of dollars of investments in recent years as commodity prices slumped, had slashed operating costs by US $4.9 billion in the past 18 months.
The commitment we made 18 months ago to deliver more tonnes and more barrels from our existing infrastructure at a lower unit cost is delivering tangible results, he said. Annualised productivity-led volume and cost efficiencies totalling US $4.9 billion are now embedd