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  • profits that Shell have dropped to their lowest in at least two decades.

  • The oil giant has been battered by tumbling demand for energy amid the global health crisis.

  • That's or adjusted earnings for 2020 slump 71% to $4.8 billion.

  • Even so, that is better than the huge losses posted by some rivals.

  • Shell was helped by resilient trading at its network of more than 45,000 filling stations, where it also operates convenience stores.

  • Like other oil majors, Shell is responding to the tough environment with big spending cuts.

  • It's also planning a restructuring as part of a plan to cut its greenhouse gas emissions to net zero over the next 30 years.

  • The firm plans to cut 9000 jobs as it makes the shift to low carbon energy.

  • Shell shares collapsed in 2020 hitting their lowest in more than a quarter of a century.

profits that Shell have dropped to their lowest in at least two decades.

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B1 shell lowest oil restructuring energy tumbling

Shell profits sink to 20-year low

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    林宜悉 posted on 2021/02/05
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