Coronavirus has Shell booking impairments for USD 27 billion

The British-Dutch oil giant must acknowledge that its assets are worth less than assumed due to recent months' developments.

Photo: Shell PR

When Shell presents its Q2 2020 results on July 30, the figures will include a write-down of USD 20-27 billion, the company states on Tuesday in an update.

Just as BP, another representative of the global oil elite, announced a couple of weeks ago, Shell's impairment is due to the corona crisis and the accompanying oil price crisis.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs