Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds
Rextag
JANUARY 9, 2025
Shell has issued a stark warning about a significant drop in earnings from its integrated gas division and reduced production guidance across its oil and gas segments. 30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 million oil-equivalent barrels per day. billion in the third quarter.
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