Royal Dutch Shell Plc reported a slew of bad figures across its business, giving investors a first glimpse of just how severely the coronavirus crisis hit Big Oil in the second quarter. The pandemic left no part of the energy giant’s sprawling business unscathed. Oil production slowed, fuel sales fell and shipments of everything from liquefied natural gas to petrochemicals suffered. The dire second quarter also threatened to have a lasting legacy, as reductions in long-term price forecasts will force writedowns of $15 billion to $22 billion to assets all over the world. The drop in demand comes as little surprise. ... (full story)