Shell announces historic loss in q2

Last Thursday (30), Shell announced that it had a net loss of US$ 18.38 billion in the second quarter of 2020. In the same period last year, the company made a profit of $3.02 billion. With adjustments, the oil company made $638 million between April and June, down 82% compared to 2019. 

According to AFP, the company included in its quarterly accounts a charge of US$16.8 billion to take into account the drop in oil prices due to the reduction in demand caused by the pandemic. 

In addition, Shell also announced an interim dividend of $0.16 per share, equal to the first quarter, but much lower than the $0.47 per share value for the second quarter of 2019.


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