The Anglo-Dutch group’s net loss compared with a net profit of $15.8 billion in 2019, the company said in a statement. Shell’s result is similar to British rival BP, which on Tuesday reported a 2020 net loss of $20.3 billion. Both companies are axing thousands of jobs in response to the economic fallout from the pandemic. ALSO READ: PIB: Presidency wades in, reconciles warring host communities @hixco-net.com After governments worldwide closed their doors and airlines grounded planes towards the end of last year’s first quarter, oil prices dropped off a cliff, even briefly turning negative.
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