Shell has suffered huge losses for over $21 bn

15:52 - 6.07.2021


July 6, Fineko/abc.az. Well-known oil & gas giant Royal Dutch Shell finished 2020 with losses, ABC.AZ informs with reference to company's report.

So, in 2020 the company suffered loss of $21.5 bn.

According to economists who have been analyzing the financial statements of the oil & gas giant since 1988, this is considered an anti-record for the company.

According to reports, the company, which managed to increase its profit since 2015, reduced its profit again in 2019, making profit of $16.4 bn.

The company's management said that uncertainty in the oil & gas sector will continue.