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Shell profit drops to 20-year low in 2020 at $4.8 billion, raises dividend

Shell's annual adjusted earnings dropped to $4.8 billion, down 71% from a year earlier

Topics
Shell | Shell India | Q3 results

Reuters  |  LONDON 



Photo: Reuters
Shell said it expected to raise its first-quarter dividend by 4% from the previous quarter.

LONDON (Reuters) - Royal Dutch Shell's 2020 profit dropped to its lowest in at least two decades as the pandemic hit energy consumption but the company boosted its dividend again in a sign of confidence.

Shell's annual adjusted earnings dropped to $4.8 billion, down 71% from a year earlier.

Its fourth-quarter profit was down 87% from a year earlier and below expectations, dragged down by continued weak energy consumption due to the pandemic.

said it expected to raise its first-quarter dividend by 4% from the previous quarter.

 

(Reporting by Ron Bousso and Shadia Nasralla; Editing by David Clarke)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Thu, February 04 2021. 13:08 IST

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