News
30 June 2020

Shell warns of $15bn-$22bn writedown as COVID-19 hits oil demand

In:
Oil & gas
Region:
Europe

Royal Dutch Shell said it will write down between $15 billion and $22 billion in the second quarter as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil.The pandemic left no part of the energy giant’s sprawling business unscathed. Shell lost...

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