Royal Dutch Shell missed on earnings


Royal Dutch Shell continued disappointment from big oil companies after they missed yet another earnings when they reported that their revenue was down 39% in 4q. Reason behind this was mainly Covid 19 pandemic and lockdowons which are significantly lowering need for oil. Even though oil prices are higher again, it is because OPEC and Russia cut down the production and even the US drillers are not filling it. (Blas, Bloomberg)

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