{"id":390894,"date":"2020-12-22T11:22:15","date_gmt":"2020-12-22T05:52:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390894"},"modified":"2020-12-22T13:05:15","modified_gmt":"2020-12-22T07:35:15","slug":"oil-giant-shell-announces-charge-up-to-4-5-billion-in-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-giant-shell-announces-charge-up-to-4-5-billion-in-q4\/","title":{"rendered":"Oil giant Shell announces charge up to $4.5 billion in Q4"},"content":{"rendered":"<p>Royal Dutch Shell on Monday said it expects charges of up to $4.5 billion in the fourth quarter after a turbulent year for oil prices in the fallout from the coronavirus pandemic.<\/p>\n<p>&#8220;Post-tax charges&#8230; between $3.5 to $4.5 billion in relation to impairments, asset restructuring and onerous contracts are expected in the fourth quarter,&#8221; the Anglo-Dutch group said in a statement.<\/p>\n<p>Shell will present full-year earnings in early 2021.<\/p>\n<p>As Covid-19 slammed the brakes on the global economy, benchmark oil prices briefly turned negative in April &#8212; before shooting back up to current levels of around $50 per barrel.<\/p>\n<p>The market also crashed on the back of a vicious price war between key producers Saudi Arabia and Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Royal Dutch Shell on Monday said it expects charges of up to $4.5 billion in the fourth quarter after a turbulent year for oil prices in the fallout from the coronavirus pandemic. &#8220;Post-tax charges&#8230; between $3.5 to $4.5 billion in relation to impairments, asset restructuring and onerous contracts are expected in the fourth quarter,&#8221; the Anglo-Dutch group said in a statement. Shell will present full-year earnings in early 2021. As Covid-19 slammed the brakes on the global economy, benchmark oil prices briefly turned negative in April &#8212; before shooting back up to current levels of around $50 per barrel. The [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-390894","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390894"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390894\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}