Shell flags up to $4.5bn in new impairment costs Shell enjoyed a relatively bumper 2023 thanks to higher oil and gas prices The firm warned that it expects to declare up to $4.5bn of impairment charges By Harry Wise Updated: 05:53 EST, 8 January 2024 e-mail View comments Shell has flagged multi-billion-dollar impairment costs but assured investors of 'significantly higher' earnings from its gas trading division in the fourth quarter. The FTSE 100 energy giant warned on Monday it anticipates declaring between $2.5billion and $4.5billion (£2billion to £3.5billion) in impairment charges, primarily driven by its Singapore-based…
