London January 8 2024: Shell (Shell PLC) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell.
Shell plc (Shell) is an international energy and petrochemical company. The Company is engaged in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. The Company’s segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas, conversion of natural gas into gas-to-liquid fuels and other products. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. The Marketing segment comprises the Mobility, Lubricants, and Sectors and Decarbonisation businesses. The Chemicals and Products segment includes chemicals manufacturing plants with their own refineries which turn crude oil and other feedstocks into a range of oil products. The Renewables and Energy Solutions segment includes Shell’s Integrated Power activities.
