Shell loses 15,467 million through June due to asset amortizations

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Royal Dutch Shell recorded losses of $ 18,155 million (€ 15,467 million) in the first six months of 2020, compared to the attributable net profit of $ 8,999 million (€ 7,667 million) in the first half of 2019, after assume in the second quarter an adverse impact of 16.8 billion dollars (14.3 billion euros) from asset amortizations after reviewing its expectations for oil prices in the medium and long term.

Thus, between the months of April and June, the losses of the Anglo-Dutch oil company reached 18,131 million dollars (15,449 million euros), compared to the attributable net profit of 2,998 million dollars (2,554 million euros) in the second quarter of last year.

The result attributable to Shell at current costs of supply showed losses of 15.620 million dollars (13.307 million euros) in the first half of 2020, in contrast to the profits of 8.338 million dollars (7.086 million euros) in the first six months of 2019.

In the second quarter, Shell recorded losses at current supply costs of 18,377 million dollars (15,658 million euros), compared to the gains of 3,025 million dollars (2,577 million euros) in the second quarter of 2019.

Excluding the impact of outliers, Shell’s adjusted profit reached 3,498 million dollars (2,976 million euros) in the first half of the year, 60% less than in the first half of 2019, while in the second quarter it accounted for an adjusted net profit of 638 million dollars (543 million euros), 82% less.

For its part, the total income of the Dutch Anglo oil company between January and June 2020 totaled 93.45 billion dollars (79,614 million euros), 47.3% less than in the first half of 2019, including a decrease of 64, 6% of the income in the second quarter, up to 32,491 million dollars (27,684 million euros).

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