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Shell announces first quarter 2022 update - expects to write-down up to USD 5 billion in assets after exiting Russia

Shell has announced an update to the first quarter 2022 outlook. For the first quarter 2022 results, the post-tax impact from impairment of non-current assets and additional charges (e.g. write-downs of receivable, expected credit losses, and onerous contracts) relating to Russia activities are expected to be $4 to $5 billion.
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