LONDON, June 30 — Anglo-Dutch energy giant Royal Dutch Shell will take a vast second-quarter charge of up to US$22 billion (RM94 billion) due to coronavirus and collapsing oil prices, it announced today. The company said in a statement that it will face a charge of between US$15 billion and US$22...
Shell said in a statement that it will face a charge of between US$15 billion and US$22 billion in the second quarter, after reviewing chronic fallout from the deadly Covid-19 outbreak that crashed global demand for energy. — Reuters pic
The company said in a statement that it will face a charge of between US$15 billion and US$22 billion in the second quarter, after reviewing chronic fallout from the deadly Covid-19 outbreak that crashed global demand for energy. “This has resulted in the review of a significant portion of Shell’s upstream, integrated gas and refining assets.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell faces US$22 billion hit from pandemic | The Malaysian InsightEnergy major reviews chronic fallout from Covid-19 outbreak that crashed global demand for oil.
Read more »
Shell says it will take up to US$22 bil hit from virus, collapsing pricesThe oil major announced in March that it will cut operating costs by US$3-US$4 billion over 12 months. FMTNews Shell
Read more »
First Dutch 5G auction begins with €900 million floor | Malay MailAMSTERDAM, June 29 — The first Dutch government auction of bandwidth for 5G networks began today with a €900 million (RM3.9 billion) floor and network owners KPN, Vodafone and T-Mobile participating. The Dutch government is selling bandwidth in the 700, 1400 and 2100Mhz airwave ranges....
Read more »
Safety bid supports US dollar as coronavirus surge shakes confidence | Malay MailSINGAPORE, June 29 — A firm US dollar kept riskier currencies under pressure today, as a surge in coronavirus cases and the re-imposition of curbs to stop its spread had investors worried that a global economic recovery could be derailed even before it had taken root. California ordered some bars...
Read more »
Asia stocks up as China PMI, US data cheer markets worried over coronavirus surge | Malay MailTOKYO, June 30 — Asian shares rose today after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. MSCI’s broadest index of Asia-Pacific shares outside...
Read more »
Global coronavirus deaths top half a million | Malay MailBEIJING, June 28 — The death toll from Covid-19 surpassed half a million people yesterday, according to a Reuters tally, a grim milestone for the global pandemic that seems to be resurgent in some countries even as other regions are still grappling with the first wave. The respiratory illness...
Read more »