Right before the strategic update in February, the group announced another round of $3.5-4.5bn post-tax impairments. This is a combination of three ones (upstream / refining / LNG) for a total of $22bn for the year, at the top end of the guidance provided in Q2. The one in upstream is the most surprising as it concerns the Appomattox field, which came on stream last year.
22 Dec 2020
Some more impairments to close 2020
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Some more impairments to close 2020
Shell Plc (SHEL:LON) | 2,852 270.9 0.3% | Mkt Cap: 182,685m
- Published:
22 Dec 2020 -
Author:
Kevin VO -
Pages:
2
Right before the strategic update in February, the group announced another round of $3.5-4.5bn post-tax impairments. This is a combination of three ones (upstream / refining / LNG) for a total of $22bn for the year, at the top end of the guidance provided in Q2. The one in upstream is the most surprising as it concerns the Appomattox field, which came on stream last year.