Create account

Coverage dated April 6, 2022

Oil Major Shell to Write Off Up to $5 Billion in Assets After Exiting Russia

Headline from NBC New York

Shell has announced that it will write off between $4 and $5 billion post-tax in assets after exiting Russia.

NBC New York's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

13 articles, oldest first.

  1. FOX Business

    Shell says Russia exit has already cost $5 billion (opens FOX Business)

    Published

    FOX Business's feed description

    Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion.

  2. NBC New York

    Oil Major Shell to Write Off Up to $5 Billion in Assets After Exiting Russia (opens NBC New York)

    Published

    NBC New York's feed description

    Shell has announced that it will write off between $4 and $5 billion post-tax in assets after exiting Russia.

  3. Oil Price

    Shell Faces $5 Billion Impairment Charge Over Exit From Russia (opens Oil Price)

    Published

    Oil Price's feed description

    Shell is expected to write off between $4 and $5 billion in assets following its exit from Russia, surpassing its early estimates of $3.4 billion

  4. Forbes

    Shell Faces $5 Billion Hit For Leaving Russia As Energy Sector Braces For Fallout Of Putin’s Invasion Of Ukraine (opens Forbes)

    Published

    Forbes's feed description

    Shell said it would cut ties with Russia after it was revealed to have purchased a discounted consignment of Russian oil after it invaded Ukraine.

  5. CBS News

    Shell says exiting Russia has already cost it as much as $5 billion (opens CBS News)

    Published

    CBS News's feed description

    Energy giant's profits are taking a hit after it withdrew from joint ventures with Russia's Gazprom.

  6. CNN

    Shell could take $5 billion hit from Russia exit (opens CNN)

    Published

    CNN's feed description

    Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.

  7. Digital Journal

    Shell to take hit of up to $5 bn on Russia exit (opens Digital Journal)

    Published

    Digital Journal's feed description

    British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow's

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Oil Major Shell to Write Off Up to $5 Billion in Assets After Exiting Russia | Since Then