Royal Dutch Shell, the Anglo-Dutch oil and gas multinational, fell two spots in the Global 500 rankings this year as revenue took an 11% hit and profits fell by more than a third to $15.8 billion. Weaker oil and gas prices were to blame. And so far 2020 has been even more eventful: global lockdown measures dropped energy demand to historic lows, triggering spending cuts and a write-down of assets that could reach $22 billion. Looking forward, Shell in April said it would target net-zero emissions by 2050—the largest energy company in the world to do so.
Lists ranking Royal Dutch Shell
Latest news for Royal Dutch Shell
- EnergyNew York City sues Exxon, Shell, and BP, alleging ads falsely label their products ‘cleaner’April 22, 2021 9:00 PM UTC
- EnergyInvestors reward French energy giant Total for making the best of a brutal 2020February 9, 2021 1:44 PM UTC