Shell’s net loss was $21.68 billion for the year against a profit of $15.8 billion in 2019, according to the reports of the company.

Fourth quarter net loss was $4 billion, adjusted profit was $4.85 billion. The multibillion losses are related to the low oil and LNG prices, as well as lower refining margins, Shell said.

Earlier it became known that ExxonMobil “awarded” an annual loss for the first time in 40 years. Its volume was assessed at $22.4 billion. Revenue in 2020 fell 30.7 percent to $46.5 billion.