Shell savings set to exceed £2.8bn_2
19 July 2012
Procurement savings at Shell are set to exceed £2.8 billion as the Anglo-Dutch oil company posted its largest ever second-quarter profits for the European petrol business.
With its buying teams, which spend £15 billion a year worldwide, exceeding targets, the group is on course to deliver savings of £3.4 billion in 2001, said David Wood, commercial procurement manager for Shell UK.
“Procurement has been central to this second quarter result,” he told SM. “Increased profitability has been sustained by improved performance. In...