impairment

BP warns of up to $2B impairment, lower refining margins in Q2; stock falls 4%

fredrocko BP (NYSE:BP) expects to book impairment charges of $1B-$2B for Q2, and warned of weak oil trading earnings amid “significantly lower” refining margins, sending its shares falling 3.8% in premarket trade on Tuesday. The after-tax asset impairments and one-off contract provisions include charges relating to the ongoing review ofContinue Reading

Shell expects $2B impairment for Q2 on Singapore, Dutch facilities (NYSE:SHEL)

In: Finance

Scott Barbour/Getty Images News Shell (NYSE:SHEL) expects to book a post-tax impairment charge of up to $2 billion after pausing construction of a major biofuels production facility in the Netherlands earlier this week. The British oil major estimates an impairment after tax between $1.5 billion and $2 billion mainly dueContinue Reading

BP warns of up to $2B impairment, lower refining margins in Q2; stock falls 4%

Shell expects $2B impairment for Q2 on Singapore, Dutch facilities (NYSE:SHEL)

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