Shell write downs hit US$22B

SHELL’S third writedown for 2020 has taken the total to US$22 billion it said in its fourth quarter update. Full results are due February. 

Shell write downs hit US$22B Shell write downs hit US$22B Shell write downs hit US$22B Shell write downs hit US$22B Shell write downs hit US$22B

Write down to inlude GOM Appomattox

The company said overnight Australian time that it would write oil and gas assets down by between $3.5 billion to $4.