Shell losses

Shell oil

Shell Cuts Dividend For First Time Since World War II

Royal Dutch Shell recorded losses of $24 million (22 million euros) in the first three months of 2020, compared to an attributable net profit of $6.001 billion (5.518 billion euros) a year earlier, as a result of the impact of the Great Confinement and the collapse of crude oil prices. The Board of Directors of Royal Dutch Shell has decided to cut the dividend for the first quarter of 2020 to $0.16, compared to $0.47 a year earlier.