Home > Business Shell posts $20 billion annual profit on oil price recovery Agence France-Presse Posted at Feb 03 2022 03:46 PM Share Facebook Twitter LinkedIn Viber General view of a Shell petrol station sign, in Milton Keynes, Britain, January 5, 2022. Andrew Boyers, Reuters/File LONDON - Energy giant Shell surged back into profit last year as oil prices rocketed on recovering demand as economies reopened from pandemic lockdowns. Net profit stood at $20.1 billion following a loss after tax of $21.7 billion in 2020, Shell said in a statement. Shell re-routes oil supplies after cyberattack on German firm Pilipinas Shell posts 'significant' recovery in first 9 months with P3.4 billion net income Senate panel report on Malampaya deal out next week RELATED VIDEO: Watch more on iWantTFC Share Facebook Twitter LinkedIn Viber ANC, ANC Top, oil, oil company, petroleum products Read More: Shell Shell earnings Shell net profit oil oil company petroleum products