Shell to write off as much as $5 billion in assets due to exit British oil giant Shell has confirmed a potential hit to the company of €3.7-€4.6 billion ($4 to $5 billion) from offloading its Russian assets as the company decided to pull out of the country amid Western sanctions. “For the first quarter 2022 results, the post-tax impact from impairment of non-current assets and additional charges (e.g. write-downs of receivable, expected credit losses, and onerous contracts) relating to Russia activities are expected to be $4 to $5 billion,” the London-based multinational said in a statement on Thursday. Further de
Hence then, the article about oil major reveals the cost of leaving russia was published today ( ) and is available on Russia Today ( News ) 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 ( Oil major reveals the cost of leaving Russia )
Also on site :
- Meta accused of profiting from scams targeting US retirees
- Uganda: Oil Revenues Alone Cannot Fund Uganda's Energy Transition, Experts Warn
- Muscat Stock Exchange Index Drops 52 Points Amid Declines in Leading Stocks