Anglo-Dutch supermajor Shell reported a profit of 4.85 billion for 2020, down 87 percent on the year, from $16.46 billion booked for 2019. While the result was negatively affected by the pandemic, Shell still managed to remain in the black, unlike peers including BP and Exxon. The company was also upbeat for this quarter, raising its dividend to $0.
1735 per share from $0.1665 per share to be distributed for the final quarter of 2020. “2020 was an extraordinary year,” chief executive Ben van Beurden said at the release of Shell’s…Shell’s Profits Plunge 87% In 2020
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