2019 U.S.-Booked Air Volume: $72 million
Consolidated Global TMC: CWT
BTN estimates that U.S.-booked air spending at oil and gas giant Royal Dutch Shell was $72 million in 2019, down from $120 million in 2018. For its 2019 fiscal year, the company generated $16.5 billion in income, down from $23.9 billion in 2018.
Currently, the oil and gas giant is seeking to cut its oil and gas production costs and focus more on renewable energy production. The company is exploring ways to reduce spending on oil and gas production by 30 percent to 40 percent through cuts in operating costs and capital spending on new projects.