Shell to Write Down Up to $22 Billion as Virus Hits Big Oil

Shell to Write Down Up to $22 Billion as Virus Hits Big Oil

Assessment

Interactive Video

Business

University

Hard

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The video discusses the significant impact of the COVID-19 pandemic on the oil industry, particularly in the second quarter. It highlights how major oil companies like Shell and BP are revising their long-term price assumptions due to the pandemic's structural impact. The discussion also covers the energy transition and the goal of achieving net-zero emissions by 2050, reflecting the industry's response to climate change.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Shell's long-term price assumptions change due to the pandemic?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the main impacts of the coronavirus pandemic on oil majors as discussed in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What specific challenges did oil sales face during the pandemic according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of BP's response to the price assumptions in the context of the pandemic?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways are oil companies planning to transition away from fossil fuels by 2050?

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