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Dow Jones Newswires: Shell to reverse up to $4.5 billion in impairments on assets

The oil major raised its mid- and long-term oil and gas commodity prices outlook in the second quarter to reflect the current macroeconomic environment. Read More...

Shell PLC said Thursday it will reverse previous aftertax impairments of up to $3.5 billion to $4.5 billion to its upstream and integrated gas assets in the second quarter.

The oil major NL:SHELL UK:SHEL said it had raised its mid- and long-term oil and gas commodity prices outlook in the second quarter to reflect the current macroeconomic environment as well as updated energy-market demand and supply fundamentals.

The…

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