London (AFP) July 5, 2024
British oil giant Shell said Friday that it plans writedowns of up to $2 billion for its second quarter due to a shelved biofuels project in the Netherlands.
"Post-tax impairments of $1.5-$2 billion are expected", Shell said in a statement, linking them to the Dutch factory as well as its chemical operations in Singapore.
Shell is to report its second quarter results on August 1.
Sh