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Shell to book writeoff as high as $350 million

Shell to book writeoff as high as $350 million

By : Published: Sept 30, 2019 3:23 a.m. ET

Royal Dutch Shell PLC (RDSA.LN) said Monday that it expects to report extra upstream well write-offs of $250 million to $350 million in the third quarter, compared with the same period last year.

In a statement ahead of its third-quarter earnings the oil major said it expects upstream production to be between 2.6 million to 2.7 million barrels of oil equivalent a day and downstream oil product sales volumes of 6.7 million to 7.4 million barrels a day.

Shell said that integrated gas production for the quarter is expected to be between 930,000 and 960,000 barrels of oil equivalent a day. read more

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