Shell posts loss of nearly $22bn in an ‘extraordinary’ year

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(The Dutch News)

Royal Dutch Shell posted an unprecedented loss of $21.7bn in 2020, compared with net profit of almost $16bn in 2019, the oil giant confirmed on Thursday.

Shell, like all oil and gas companies, has been hit by a combination of the oil crisis and the coronavirus pandemic, which has hammered the sale of petrol, diesel and airline fuel.

Chief executive Ben Burden described 2020 as ‘extraordinary’ and said in a statement that the company had ‘taken tough but decisive actions and demonstrated highly resilient operational delivery.’

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