Shell, followed BP’s footsteps in writing off $22bn worth of assets in the second quarter in anticipation of a prolonged low oil price environment. Reuters
Shell, followed BP’s footsteps in writing off $22bn worth of assets in the second quarter in anticipation of a prolonged low oil price environment. Reuters

Business

Shell to take $15bn-$22bn hit on lower oil prices

Company expects sales volumes for second quarter to be 3.5m-4.5m bpd, compared to 6.6m in same period last year

Bloomberg

June 30, 2020