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Shell and Total book asset impairments totaling USD 25 billion

The interim reports for the world's largest energy companies have started ticking in, and they bear witness to a serious setback for the industry in recent months. In the second quarter alone, oil supermajors Shell and Total booked impairments totaling USD 25 billion.

Photo: POLFOTO/AP/Daniella Beccaria/seattlepi.com

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