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Shell posts $20 billion annual profit on oil price recovery
Shell posts $20 billion annual profit on oil price recovery
Agence France-Presse
Published Feb 03, 2022 03:46 PM PHT
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.
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