(Reuters) – Shell announced on Monday impairment charges of around $2.5 billion to $4.5 billion (2.26 billion to 4.12 billion euros) for the fourth quarter, mainly related to the refining and chemicals company in Singapore that the oil group is seeking to sell.
On the London Stock Exchange, Shell shares fell 2.02% at 08:47 GMT.
The assets include a refinery producing 237,000 barrels per day (bpd) and an ethylene plant generating one million tonnes per annum (tpa) on the islands of Bukom and Jurong in Singapore, for which Shell had announced a strategic review last year last.
Ahead of the release of fourth-quarter results on February 1, the company also said gas trading would be significantly higher than in the previous quarter, while upstream production would be between 1,830 and 1,930 thousand barrels of oil equivalent per year. day.
Separately, Shell’s chemicals division is expected to post an adjusted loss for the period, the company said.
(Writing by Eva Mathews in Bangalore; Stéphanie Hamel, edited by Kate Entringer)
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