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Shell Points to Progress on Ethylene, Offshore Projects as it Tempers Spending

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Shell4Q20
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SUGAR LAND--February 8, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) added its name to the ever-growing list of Oil & Gas Industry giants that have been brought low by the COVID-19 pandemic. Total revenues for 2020 stood at $180.5 billion, just more than half of 2019's total. Like its peers, Shell is crossing its fingers that the industry will benefit from COVID-19 vaccinations and an upswing in fuel demand in the second half of 2021. Industrial Info is tracking more than $86 billion in active projects worldwide from Shell, including nearly $11 billion worth under construction in the U.S.

Within this article: Details on some of the highest-valued U.S.-based projects from Shell, including a major offshore field development in the Gulf of Mexico and an ethylene complex in Pennsylvania.

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Industry Segment: Production
Word Count: 726 Words
Attachment: Shell4Q20
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