Oil majors suffer massive losses in 2020
Paris: Already under pressure due to climate change, the world’s top listed oil firms suffered historic losses in 2020 as the Covid-19 pandemic sent demand and prices tumbling.
The oil majors — BP, Chevron, ExxonMobil, Shell and Total — suffered $77 billion in losses for the year.
Shell CEO Ben van Beurden called 2020 an extraordinary year.
