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"Shell (SHEL.L) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell.
The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year (tpy) ethylene plant on Singapore's Bukom and Jurong islands, for which it had announced a strategic review last year."
https://www.reuters.com/markets/commodit...ast%20year.
(This post was last modified: 08-01-2024, 06:03 PM by
Scythian.)
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In Q4 charge S$4.5 billion
One year S$4.5 bil X 4 = S$ 18.0 billions
Better to sell them asap
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not shocking, GREEDY PAP IS ONLY SQUEEZE AND SQUEEZ FEED THEIR HIGH PAY.
Rental , labour cost so high in SG whereas other countries cheaper at least.
like that Shell going to retrench people ?
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.
Shell oil refineries is not a long term viable business anymore..
Maybe Shell should produce AAA batteries in Singapore.
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(09-01-2024, 03:43 AM)Scythian Wrote: .
Shell oil refineries is not a long term viable business anymore..
Maybe Shell should produce AAA batteries in Singapore.
Like this thousands of people depend on this islands to work will be unemployed ....
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(09-01-2024, 05:36 AM)ysh02 Wrote: Like this thousands of people depend on this islands to work will be unemployed ....
HP manufacturing printing machine Black cartridge made in Singapore selling A$47 EA
While HP China produces printing machine is selling A$39 EA (cartridge lasted only 4-6 months)
(This post was last modified: 09-01-2024, 06:39 AM by
Scythian.)
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ExxonMobil Corp on Thursday (Jan 4) signalled a big hit to fourth-quarter results from an about US$2.5 billion (RM11.59 billion) writedown of California assets and as lower energy prices reduced operating profits.
The largest US oil producer said it expects to take a US$2.4 billion to US$
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Warren Buffett making a wrong bet on oil this time.
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(08-01-2024, 06:25 PM)Scythian Wrote: In Q4 charge S$4.5 billion
One year S$4.5 bil X 4 = S$ 18.0 billions
Better to sell them asap
Give away FOC cut loss.
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(09-01-2024, 09:22 AM)Blin Wrote: Give away FOC cut loss.
Written off so much every QTR
Bleeding..
![](https://i.imgur.com/CLvY2jA.png")
