Shell reverses up to $4.5 billion in writedowns on stronger oil price outlook

Trading update ahead of second-quarter results takes account of soaring commodity prices as upstream activity also picks up

Prices: Shell chief executive Ben van Beurden envisages an improving outlook due to energy prices — Prices: Shell chief executive Ben van Beurden envisages an improving outlook due to energy pricesPhoto: REUTERS/SCANPIX

Rob Watts

London

Published 7 July 2022, 10:23Updated 13 July 2022, 09:11

Shell Ben van Beurden Ukraine Crisis Europe Western Europe