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Home Tag Archives: Shell

Tag Archives: Shell

Shell takes $22 billion hit on lower oil, gas prices

By Michael
July 1, 2020
in :  Business
Comments Off on Shell takes $22 billion hit on lower oil, gas prices
2,829

LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to adapt to ensure the business remains resilient” in challenging …

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