Shell's write down no surprise

SHELL’S US$22 billion writedown ahead of its second quarter results is not surprising but points to broader moves across the entire oil and gas industry, according to analysts.

Shell's write down no surprise Shell's write down no surprise Shell's write down no surprise Shell's write down no surprise Shell's write down no surprise

Shell's massive writedown flagged yesterday follows a similar announcement from BP, and multiple bankruptcies across industry since March.

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