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

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

Published: June 30, 2020  |  3 min read, 541 words
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AP NEWSADVERTISEMENThttps://apnews.com/0d7adddd9a596eba2f34b736fce1f030Click to copyhttps://apnews.com/0d7adddd9a596eba2f34b736fce1f030Click to copyRelated topicsLONDON (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 times. Earlier this month, its competitor BP, also cut the value of its own... READ MORE
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