Shell posts $21.7 billion loss for 2020
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Oil behemoth Shell has reported a sharp drop in full-year profits as the Covid-19 pandemic takes a heavy toll on the oil and gas industry
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ROYAL DUTCH SHELL NET INCOME
$billions, with % change from previous year 
25
20 
15 
10
5
0
-5
-10
-15
-20
-25

2013 -39%   16.37
2014 -9%    14.87
2015 -87%    1.94
2016 +136%   4.58
2017 +184%  12.98
2018 +80%   23.35
2019 -32%   15.84
2020 -237% -21.68


Mid-2014 to early 2016: Global economy faces one of largest oil price declines in history
  
Shell CEO, Ben van Beurden, facing uphill struggle against lack of demand for oil due to global pandemic and general decline, as world looks to renewable energy
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HOW SHELL COMPARES
2020 net income, $billions (% change from previous year) 

Exxon Mobil     -22.44 (-115%)
Shell           -21.68 (-237%)
BP              -18.10 (-615%)
Chevron         -5.54 (-90%)
ConocoPhillips  -2.70 (-138%)
 
            
Exxon and Chevron rumoured to be holding merger talks
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Sources: BBC, CNBC, Houston Chronicle, Shell
Picture: Getty Images
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