{"id":365833,"date":"2020-07-31T11:10:54","date_gmt":"2020-07-31T05:40:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365833"},"modified":"2020-07-31T12:57:12","modified_gmt":"2020-07-31T07:27:12","slug":"shell-profits-plunge-82-as-pandemic-hits-energy-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-profits-plunge-82-as-pandemic-hits-energy-demand\/","title":{"rendered":"Shell profits plunge 82% as pandemic hits energy demand"},"content":{"rendered":"<p>Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82 percent as the Covid-19 pandemic slashed energy prices and demand.<\/p>\n<p>Shell reported that adjusted profit, which excludes one-time items and changes in the value of inventories, dropped to $638 million from $3.46 billion in the same period last year.<\/p>\n<p>Shell took a charge of $16.8 billion amid reduced expectations for energy prices and refining margins, as well as weaker energy demand due to the pandemic.<\/p>\n<p>Including this charge, the company reported a net loss of $18.1 billion, compared with net income of $3 billion pounds a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82 percent as the Covid-19 pandemic slashed energy prices and demand. Shell reported that adjusted profit, which excludes one-time items and changes in the value of inventories, dropped to $638 million from $3.46 billion in the same period last year. Shell took a charge of $16.8 billion amid reduced expectations for energy prices and refining margins, as well as weaker energy demand due to the pandemic. Including this charge, the company reported a net loss of $18.1 billion, compared with net income of $3 billion pounds a year earlier.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-365833","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365833"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365833\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}