About: http://data.cimple.eu/news-article/168605308c224c0416d753f2b06951b9948a4621b7d99508ee1c4904

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Anglo-Dutch energy giant Royal Dutch Shell will take a vast second-quarter charge of up to $22 billion (19.6 billion euros) due to coronavirus and collapsing oil prices, it announced Tuesday. The company said in a statement that it will face a charge of between $15 billion and $22 billion in the second quarter, after reviewing chronic fallout from the deadly COVID-19 outbreak that crashed global demand for energy. "In the second quarter of 2020, Shell has revised its mid and long-term price and refining margin outlook reflecting the expected effects of the COVID-19 pandemic and related macroeconomic as well as energy market demand and supply fundamentals," the London-listed firm said. "This has resulted in the review of a significant portion of Shell's upstream, integrated gas and refining assets." The energy major added that the move also reflected a planned reshaping of refining activities as it seeks to move towards becoming carbon neutral by 2050. Shell's announcement comes after rival BP revealed earlier this month that it was taking a hit of between $13 billion and $17.5 billion in the same period as a result of "sustained" coronavirus fallout that ravaged the world's appetite for oil. rfj/rl
schema:headline	Shell says will take up to $22bn hit from coronavirus
schema:mentions	Carbon neutrality Royal Dutch Shell Energy market 2020 coronavirus outbreak in Singapore World energy consumption BP 1977 Mississippi CV-240 crash Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Macroeconomics Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	83 (xsd:integer)

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