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London  —  Royal Dutch Shell's profit in 2020 dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company's retail network and trading business helped cushion the blow. It still planned to raise its dividend for the first quarter of 2021.

The oil major's annual profit slumped 71% to $4.8bn as its oil and gas production and profits from refining crude into fuels dropped sharply...

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