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Companies >
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Royal Dutch Shell Plc Class A >
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Some more impairments to close 2020

  • 22 Dec 2020

Some more impairments to close 2020


Royal Dutch Shell Plc Class A (RDSA:LON) | 1,497 194.6 0.9% | Mkt Cap: 116,901m


  • AlphaValue
    • Kevin VO

    • 2 pages

Oil & Gas - Integrated image


 
Oil & Gas - Integrated image


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.

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Some more impairments to close 2020


Royal Dutch Shell Plc Class A (RDSA:LON) | 1,497 194.6 0.9% | Mkt Cap: 116,901m


  • Published: 22 Dec 2020
  • Author: Kevin VO
  • Pages: 2
  • AlphaValue


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.

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