Shell swings to loss on $16.8 billion impairmentChristian Fernsby ▼ | July 30, 2020
Royal Dutch Shell PLC on Thursday posted a swing to a significant loss on a current cost of supply basis for the second quarter on the back of impairments and lower prices, volumes and margins.
Impairment Shell gas
Excluding identified items, the company delivered a CCS profit of $638 million, down 82% from $3.46 billion a year earlier. ■