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British Thermal Units

British Thermal Units latest

Shell to Write Down $22 Billion Due to COVID-19
July 1st, 2020 - 07:00 GMT

Shell to Write Down $22 Billion Due to COVID-19

Royal Dutch Shell on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic. The decision also comes as the Anglo-Dutch company reviews its operations after CEO Ben van Beurden laid out plans in April to reduce greenhouse gas emissions to net zero by 2050, Reuters reported. Shell, which has a ...
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