Shell flags Q4 Writedown of up to $4.5 billion, Mainly on Singapore Assets

Reuters Jan 8 (Reuters) – Shell (SHEL.L) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell. The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year … Read more