Tag: <span>Shell</span>

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High energy prices leave oil giants untroubled by Russia exit or tax hints
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High energy prices leave oil giants untroubled by Russia exit or tax hints

“May you live in interesting times,” runs the saying, supposedly an English translation of an ancient Chinese curse. For BP and Shell, the British companies that account for two of the world’s seven oil “supermajors”, the first quarter of 2022 has been painfully fascinating. Both were heavily enmeshed in Russia and now face having to write...

Shell says assets could be worth $22bn less as Covid hits oil demand
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Shell says assets could be worth $22bn less as Covid hits oil demand

Shell has warned that the value of its oil and gas assets may fall by up to $22bn (£16bn) in 2020 after shaving up to $4.5bn from its portfolio in the final quarter of the year. The oil company ended any hopes for a brighter end to 2020 for shareholders with the announcement of another...