Shell ends $22bn annual loss, makes first profit since COVID-19 outbreak

  Oil super major, Royal Dutch Shell, is preparing to mark an end to industry’s darkest year in history with a return to profit. Platforms Africa reports that the oil multinational has told investors that it would announce profit when it reports first-quarter results on 29 th of April, after Covid dealt fossil fuel giants a heavy blow, but demand is lifting revenues again in a last hurrah before decarbonisation. Like Royal Dutch Shell, BP is also among the companies expected to report quarterly profits from producing oil for the…

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