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Royal Dutch Shell reports 21 billion dollar loss

Royal Dutch Shell reports 21 billion dollar loss
The company’s net debt increased by $1.9 billion in the last three months of the year
Royal Dutch Shell saw a net loss of $21 billion (£15.3bn) last year.
In the fourth quarter of 2020, the company’s net debt increased by $1.9 billion (£1.3bn), compared with the third quarter of the same year, a development which was caused by lower free cash flow.
Jessica Uhl, Chief Financial Officer of Shell, said the firm had to face the overall economic downturn, the negative oil price and the reduced demand during the very ‘challenging’ and ‘tough’ year.

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