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Stock Market News

Shell to write down up to $5 billion after Russia exit

04/07/2022

Less than a minute

2022.04.07 09:13

Shell to write down up to $5 billion after Russia exit
FILE PHOTO: General view of a Shell petrol station sign, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers

LONDON (Reuters) – Shell (LON:RDSa) said on Thursday it expects to write off $4 to $5 billion post-tax from the value of its assets in the first quarter of 2022 following its decision to exit Russia.

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04/07/2022

Less than a minute