Shell to Reverse up to $4.5 Billion in Impairments on Assets
07 Julho 2022 - 4:13AM
Dow Jones News
By Joe Hoppe
Shell PLC said Thursday it will reverse previous aftertax
impairments of up to $3.5 billion to $4.5 billion to its upstream
and integrated gas assets in the second quarter.
The oil major said it had raised its mid- and long-term oil and
gas commodity prices outlook in the second quarter to reflect the
current macroeconomic environment as well as updated energy-market
demand and supply fundamentals.
The company also said it expects its integrated gas production
to be between 930,000 and 980,000 barrels of oil equivalent per
day, and liquid natural gas liquefaction volumes to be between 7.4
million and 8.0 million metric tons. Trading and optimization
results for integrated gas is expected to slip on-quarter in the
second quarter.
Shell further expects one-off charges of around $200 million in
the second quarter, including well write-offs, provisions and
commercial settlements.
Second-quarter marketing earnings are expected to rise
on-quarter, to be in-line compared with the second quarter of
2021.
The company expects its chemicals and products division's
trading and optimization results to be strong in the second
quarter, though to be lower than the first quarter.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
July 07, 2022 02:58 ET (06:58 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Shell (LSE:SHEL)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Shell (LSE:SHEL)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
