Shell’s write-down if its Russian assets is more than expected. But as WSJheard explains, major oil companies have the cash to clear out of Russia. WSJWhatsNow
Shell’s write-down of its Russian assets is more than expected, but high commodity prices cushion the blow
Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn can have little to do with the price customers pay at the store. WSJ’s Dion Rabouin explains. Illustration: Adele MorganIt is a great time for oil companies to be kitchen-sinking Russian assets.worth of assets in the country—much more than the $3 billion of Russian noncurrent assets on its books at the end of last year.
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