Dow Jones Newswires: Shell to reverse up to $4.5 billion in impairments on assets

United States

By Joe Hoppe

Shell PLC said Thursday it will reverse previous aftertax impairments of up to $ 3.5 billion to $ 4.5 billion to its upstream and integrated gas assets in the second quarter.

The oil major said it had raised its mid- and long-term oil and gas commodity prices outlook in the second quarter to reflect the current macroeconomic environment…