Shell to Book Up to $3 Billion of 2Q Impairments; Upstream Production Fell on Quarter — Update

By Christian Moess LaursenShell said Friday that it expects to book after-tax impairments of up to $3 billion for the second quarter of 2023, and that upstream production declined from the first three months of the year.The energy major said it expects to pay post-tax impairments of up to $3 billio…