Shell has announced plans to reduce its hydrogen business and about 15% of its workers in its low-carbon solutions division to increase earnings.

Following Sawan’s January takeover, the company aims to focus on higher-margin projects, stabilize oil output, and increase natural gas production.

Shell plans to eliminate 200 jobs in 2024 and considers 130 more roles.

Some of these positions will be incorporated into other Shell divisions, which employ over 90,000 people.

The hydrogen industry will be the primary target, with Shell aiming to drastically reduce its hydrogen light mobility operations and combine two of the four general manager positions in the hydrogen industry.

Shell has recently closed several hydrogen filling stations worldwide due to electric vehicle adoption.

The company is committed to addressing commercial and technical challenges in scaling its Low Carbon Solutions business.