Royal Dutch Shell

Shell, a large non-state oil company, has responded to the virus's spread by cutting costs and operating costs. It abandoned the Lake Charles LNG project and sold its Appalachian assets to secure sufficient funds to respond to the Covid19 threat. The company still suffered a loss of $21 billion in fiscal 2020. Most of this was due to $180 billion in revenue, which nearly halved.

However, Shell continued to invest in several projects, such as LNG processing in Nigeria. When oil prices recovered, the company repaid its debts with available income and increased its dividend. In 2021, the company sold most of its Canadian assets to Crescent Point Energy for approximately $707 million. the company also signed contracts with Cairn Energy and Cheiron Petroleum Corp for inland Egyptian production.

Shell also continued to develop its renewable energy business by investing in wind energy in the Netherlands and the United States. The company has also been experimenting with floating and air wind projects with seven other major companies, agreeing to several energy transitions with seven other leading companies.

Founded: April 1907
Headquarters: Haagse Hout, The Hague, Netherlands
Market cap: $169.18 Billion As of December 2021
Revenue: $181bn in 2020
Website: shell.com