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News Digest / Lukas Schmidt

Author: Lukas Schmidt
02:41am, Friday, Jul 05, 2024
Shell Faces Up to $2 Billion Impairment as Market Conditions Force Strategic Shifts
Shell (LON: SHEL) announces up to $2B impairment after selling its Singapore refinery and halting Rotterdam biofuel plant construction. Expect a total post-tax impairment of $1.2B-$1.8B reflected in Q2 results on August 1st. Monitor SHEL stock for strategic impacts.
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