Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds
Rextag
JANUARY 9, 2025
The announcement highlights the ongoing challenges facing the energy giant. 30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 billion within its renewables and energy solutions segment. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels.
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