Shell sees heavy writedowns in Q2 due to shelved biofuel project
London (AFP) July 5, 2024
British oil giant Shell said Friday that it plans writedowns of up to $2 billion for its second quarter due to a shelved biofuels project in the Netherlands. "Post-tax impairments of $1.5-$2 billion are expected", Shell said in a statement, linking them to the Dutch factory as well as its chemical operations in Singapore. Shell is to report its second quarter results on August 1. Sh
British oil giant Shell said Friday that it plans writedowns of up to $2 billion for its second quarter due to a shelved biofuels project in the Netherlands. "Post-tax impairments of $1.5-$2 billion are expected", Shell said in a statement, linking them to the Dutch factory as well as its chemical operations in Singapore. Shell is to report its second quarter results on August 1. Sh