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Shell reverses $4.5 bn in write-downs

UK-listed energy giant Shell, the world's largest LNG trader, said on Thursday that it would reverse up to $4.5 billion in oil and gas write-downs from earlier in the year after it had raised its energy prices outlook.

Tim Daiss
Shell reverses $4.5 bn in write-downs

  In an update before second quarter results due on July 28, the company said its refining margins almost tripled over the second quarter, boosted by recovering global demand from the pandemic, a lack...

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