A spike in oil and natural gas prices should lead to a sharp increase in first quarter results for Shell plc, but its exit from Russia is likely to be a
A spike in oil and natural gas prices should lead to a sharp increase in first quarter results for Shell plc, but its exit from Russia is likely to be a
Shell has announced an update to the first quarter 2022 outlook. For the first quarter 2022 results, the post-tax impact from impairment of non-current assets and additional charges (e.g. write-downs of receivable, expected credit losses, and onerous contracts) relating to Russia activities are expected to be $4 to $5 billion.