Shell to Write Down Up to $22 Billion as Virus Hits Big Oil

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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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  • Jun.30 — Royal Dutch Shell Plc will write down between $15 billion and $22 billion in the second quarter, giving investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil. Laura Hurst reports on “Bloomberg Markets: European Open.”

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