UK major Shell to take impairment charges on Singapore assets amid forecasts of gas and LNG trading boosts
UK major Shell expects to take non-cash impairment charges of between $2.5 billion to $4.5Bln for the fourth quarter, mainly related to the Singapore refining and chemicals hub that Shell is seeking to sell off, though quarterly income attributable to shareholders was expected to remain at around $7 billion.
Shell changes first-quarter outlook because of hits of up to $5Bln over impacts from activities in Russia
Shell plc, the leading LNG trader and oil and gas major, has issued a profits warnings saying that first-quarter 2022 results would include the post-tax impact of between $4 billion and $5 billion from impairments of non-current assets and additional charges relating to Russia activities.
Shell reports decline in LNG sales and in overall earnings in lethargic recovery from 2020 oil price crash
Royal Dutch Shell reported a drop in second-quarter liquefied natural gas sales as overall earnings also declined from the first three months of 2021 amid healthy cash flows. The performance was one of recovery from the massive losses posted in 2020 because of write-downs in assets.
Shell swings back to profit as LNG sales fall but major is bailed out by much-maligned oil segment
Royal Dutch Shell swung back to a much reduced profit in the third quarter after heavy write-downs in the previous quarter, reflecting lower realised prices for oil and LNG as cargo sales declined 9 percent due to the Prelude FLNG hull being shutdown offshore northwest Australia.
