Royal Dutch Shell announced that it will reduce the value of assets by up to $ 22 billion after lowering the long-term outlook for oil and gas prices.
According to Reuters, the move is part of a broad review by the Anglo-Dutch company of its operations after CEO Ben Van Borden presented a plan in April to cut greenhouse gas emissions. Temperature to zero by 2050.
Shell, which currently has a market value of $ 126.5 billion, said it would reduce the value of the assets after taxes between $ 15 billion and $ 22 billion.
The world's largest retail fuel company said it expects fuel sales to drop 40 percent in the second quarter due to a sharp drop in consumption as a result of travel restrictions linked to the Corona virus in Over the world.
