Royal Dutch Shell PLC increased the cost savings target from its roughly $50 billion acquisition of BG Group PLC as it set out its priorities for the new combined company on Tuesday. Shell, which completed the acquisition in February, said it now expects to achieve $4.5 billion in deal-related cost savings on a pretax basis in 2018, up from a previous target of $3.5 billion. The Anglo-Dutch oil giant said its capital investment would be in the range of $25 billion to $30 billion each year to 2020. Investment is expected to be $29 billion this year, around a third below the pro forma level of the two companies in 2014. “By capping our capital spending in the period to 2020, investing in compelling projects, driving down costs and selling noncore positions, we can […]