Shell's loss made up USD 22 bln. last year

Shell's loss made up USD 22 bln. last year
  • Clock-gray 12:27
  • calendar-gray 04 February 2021

For 2020, Shell swung to a loss attributable to shareholders of USD 21.68 billion from a profit of USD 15.84 billion in 2019, APA-Economics reports citing the Company.

Adjusted earnings were USD 4.84 billion, down 71% from USD 16.46 billion - missing consensus forecasts for USD 5.05 billion.

For the fourth quarter alone, Shell swung to a loss attributable to shareholders of USD 4.01 billion from a USD 965 million profit in 2019.

"2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly resilient operational delivery while caring for our people, customers and communities. We are coming out of 2020 with a stronger balance sheet, ready to accelerate our strategy and make the future of energy. We are committed to our progressive dividend policy and expect to grow our US dollar dividend per share by around 4% as of the first quarter 2021," said Chief Executive Officer Ben van Beurden.

Mirsaid İbrahimzade

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