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Oil major Shell to write down up to $22 billion of assets in second quarter

Oil major Shell to write down up to $22 billion of assets in second quarter

Posted By: Editorial Teamon: June 30, 2020In: ECONOMY, NEWSNo Comments

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after the energy company announced in mid-April an ambition to reduce greenhouse gas emissions to net zero by […] Read more

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