How much has Shell written down due to its Russia exit?

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Shell Records US$3.9 Billion Write-Down Following Russia Exit

Shell has recorded a post-tax write-down of US$3.9 billion (RM16.9 billion) as a direct consequence of its decision to cease operations in Russia. This financial impact stems from the company's strategic move to divest its Russian assets following the invasion of Ukraine.
Asset Sale Negotiations Underway

The company is actively engaged in discussions regarding the potential sale of its Russian retail network, which includes petrol stations and a lubricant plant. Shell has already suspended operations at these facilities, including its filling stations and the Torzhok lubricant plant, as part of its withdrawal process.
Divestment Includes LNG Stake

The write-down encompasses Shell's decision to exit operations in Russia, which also involves its stake in a significant liquefied natural gas (LNG) plant. These actions are part of a broader strategy to disengage from its Russian business interests.
Uncertainty Over Potential Buyer

While negotiations for the sale are confirmed to be in progress, the identity of the potential buyer remains undisclosed. Market sources suggest that a local Russian company is the most probable acquirer for these assets.

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How much has Shell written down due to its Russia exit?

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