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Shell, in a Turning Point, Says Its Oil Production Has Peaked

https://www.nytimes.com/2021/02/11/business/shell-oil-production.html

Europe's largest oil and gas producer said oil production would gradually decline 1 or 2 percent annually, underscoring the company's desire to shift to greener energy. Royal Dutch Shell on Thursday made the boldest statement among its peers about the waning of the oil age, saying its production reached a high in 2019 and is now likely to gradually decline.