What was the primary reason for the significant downturn in oil sales during the second quarter?
Shell to Write Down Up to $22 Billion as Virus Hits Big Oil

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
New government regulations on oil production
A sudden drop in global oil reserves
The impact of the coronavirus pandemic
Increased competition from renewable energy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the coronavirus pandemic affected long-term price assumptions in the oil industry?
Prices are expected to remain stable
Prices are expected to increase significantly
Prices are expected to decrease
Prices are expected to fluctuate unpredictably
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which part of the oil business has been most affected by the pandemic according to the transcript?
Oil refining
Oil sales
Oil transportation
Oil exploration
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the long-term goal of oil companies like BP and Shell by 2050?
To become net-zero producers
To double their oil production
To focus solely on fossil fuels
To eliminate all oil reserves
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy are oil majors adopting in response to the crisis?
Increasing oil prices
Investing in new oil reserves
Revising long-term price functions
Reducing oil production
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