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.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Analyst points to "strong probability" of another upgrade for DSV

Sydbank's senior advisor expects double-digit increases in growth at both the top and bottom line at DSV when the logistics major publishes its results next week. Due to chaotic market conditions, there is "strong probability" of another upgrade later in the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs