Royal Dutch Shell Reports Big Q2 Loss Due to Coronavirus

Oil supermajor Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B) reported an $18.1 billion net loss in Q2 2020, as oil prices and energy demand slumped due to the coronavirus pandemic.

It was only the company's third quarterly net loss in the last decade and the first time it has ever reported consecutive quarterly net losses, following a $24 million net loss in Q1. Those Q1 results prompted the company to slash its dividend for the first time since World War II.

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Source Fool.com