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Business & Finance

Shell posts $5.7 billion net profit in first quarter

  • It compared with a loss after tax of $24 million in the first three months of 2020 when the coronavirus pandemic.
Published April 29, 2021

LONDON: Royal Dutch Shell posted net profit of $5.7 billion in the first quarter as oil prices recovered strongly from a year earlier, the company announced Thursday.

It compared with a loss after tax of $24 million in the first three months of 2020 when the coronavirus pandemic began to slam the price of crude.

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