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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
31 October 2025

Aliança Energia: Vale taps GIP’s firepower

Global Infrastructure Partners' $1 billion swoop for Aliança Energia highlights the changing structure of Brazil's electricity market. Big commodities producers and...

Interview
07 November 2025

Pertamina’s Bagus talks strategic finance

Andy Bagus, senior vice-president treasury and strategic finance, at Indonesia’s national oil company Pertamina discusses project and export finance strategy amid a volatile...