En dit zegt de accountant over de prijzen die Shell gebruikte voor zijn impairments (=de grote (papieren) afboekingen die Shell in 2020 deed). Feitelijk hadden wij zelf dit gevoel hier ook al, never waste a good crisis....
"We obtained external evidence, including price forecasts by banks, brokers, consultants and published data from Shell’s peer group, to support the reasonableness of Shell’s price assumptions. Overall, Shell’s assumptions for both Brent and Henry Hub lie comfortably within the benchmarks that we had identified. In the short-term, Shell’s Brent price assumption is the most conservative compared to our sector benchmarks and Shell’s forecast aligns broadly with the sector averages from 2023 onwards.
For Henry Hub, compared to the sector, Shell’s forecast is below the average in the short-term, converging with the bank/broker, consultant and peer group averages by 2024.
Vanzelfsprekend hebben die lage prijzen geen impact op hun cash flow, maar wel op de winstcijfers/BE point