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
- Energy‘Risky and dangerous’: Energy industry body IEA sounds the alarm on oil demand and even uses the P-wordOctober 13, 2020 12:33 PM UTC
- FinanceFrom Disney to Shell, companies announced tens of thousands of job cuts over just one dayOctober 1, 2020 7:29 AM UTC