Shell will write off between $4 and $5 billion in the value of its assets after pulling out of Russia.
Thursday's announcement offers a first glimpse at the financial impact of Western oil majors leaving Russia.
The impact from impairment of non-current assets and additional charges are expected to be $4 to $5 billion for the first quarter of 2022.
These charges are expected to be identified and therefore will not affect adjusted earnings.
Shell's first-quarter earnings report on May 5 will include further details of the impact of ongoing developments in Ukraine.
Two weeks after Russia invaded, Shell apologized for buying a heavily discounted Russian oil. It said it was withdrawing from all Russian hydrocarbons.
The company said it would stop buying Russian crude oil and shut down its operations in Russia. The company had promised to exit its joint ventures with the Russian gas giant.
This is a breaking news story and will be updated soon.
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