Shell outlines level of damage to first-quarter earnings on lower realized oil and LNG prices

Tuesday, 31 March 2020

Royal Dutch Shell has revised its first-quarter earnings outlook for 2020 because of the oil market slump and expects to take a post-tax hit of between $400 million to $800 million after earlier exiting the US Lake Charles LNG project to reduce investment levels.


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Last modified on Tuesday, 31 March 2020 08:01
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More to read: « Shell pulls out of US Lake Charles LNG export project citing adverse market conditions Wood Mackenzie consultants say forecasts are unpredictable but point to demand growth »
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