Shell will reverse asset writedowns to the tune of $4.5 billion after it revised its oil and gas price outlook upwards, the supermajor said in a second-quarter financial update. Shell now expects Brent crude to average $80 per barrel in 2023, $70 per barrel in 2024 and 2025, and $65 over the long term. "Aggregate post-tax impairment reversals in the range of $3.5 to $4.5 billion of previously impaired assets are expected in the second quarter, primarily due to changes in commodity price outlook," the company said. Shell also said it expected its…
Hence then, the article about shell reverses 4 5 billion in oil and gas writedowns was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Shell Reverses $4.5 Billion In Oil And Gas Writedowns )