EnergyWatch

Coronavirus has Shell booking impairments for USD 27bn

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.

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