Shell to write down up to USD22 billion as COVID-19 affects all business segments

MOSCOW (MRC) -- Shell provided an update of expected second-quarter results warning of the severe impact the COVID-19 pandemic is having on all segments, said Chemweek.Oil production slowed, fuel sales fell, and shipments of liquefied natural gas (LNG) and petrochemicals suffered. Reductions in long-term price forecasts will lead to write-downs to global assets of between USD15 billion an

Full article at mrcplast.com