Royal Dutch Shell sees huge loss as pandemic hits oil demand

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The oil giant reported a net loss of £16bn for 2020 as the coronavirus pandemic caused demand to slump.

BBC News | Top Stories

Some doom-mongers were anticipating Royal Dutch Shell might unveil the largest-ever UK corporate loss, but in the end, the Anglo-Dutch oil group managed to get only halfway there. The £16bn deficit is dwarfed by the £30bn loss posted by Royal Bank of Scotland at the height of the 2008 banking crisis.


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