Weakened Shell offers dim hope for pre-virus glory aimeedonnellan
Royal Dutch Shell on July 30 avoided its first quarterly loss in recent history after bumper earnings in its trading business offset a collapse in revenue from its main oil and gas operations due to the Covid-19 pandemic.
The oil major said adjusted earnings fell to $638 million in the quarter ending June 30, down from $3.5 billion a year ago, beating analysts’ forecasts for a $674 million loss. It also slashed the value of its assets by $16.8 billion after lowering its short-term oil and gas price outlook due to an expected sluggish growth in demand in the wake of the coronavirus crisis.
The impairment charge was at the lower end of the $15 billion to $22 billion range the company indicated in June.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Shell avoids loss with strong trading, wipes $17 billion off assetsRoyal Dutch Shell avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices.
続きを読む »
Shell swings to loss on $16.8 billion impairmentRoyal Dutch Shell PLC on Thursday posted a swing to a significant loss on a current cost of supply basis for the second quarter on the back of impairments...
続きを読む »
Shell posts net loss of $18.3 billion in the second quarter after huge write-downAnalysts had warned that 'Big Oil' companies were likely to report 'horrendous' second-quarter results.
続きを読む »
Shell Swings to Historic Loss as Pandemic Devastates Oil DemandRoyal Dutch Shell swung to its first quarterly loss since its formation over a decade ago and warned that the outlook for oil-and-gas demand continued to be uncertain, illustrating the scale of the damage Covid-19 is wreaking on the industry.
続きを読む »
Shell slumps to an $18 billion as it takes huge asset write-downs amid low oil prices and slumping demand | Markets InsiderOil major Shell reported a net loss of $18.1 billion in Q2 compared to $3.2 billion net income in Q2 2019. That was largely down to an almost $1...
続きを読む »
Fed sees dim economic outlook as virus squeezes economyThe Federal Reserve expressed concern Wednesday that the persistent viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero to help provide support.
続きを読む »