The gross mark-to-market value of derivatives contracts held by Shell rebounded in 2021, increasing by more than 105% in just 12 months.
Total gross derivatives assets and liabilities stood at $29.4 billion at end-December, compared with $14.4 billion the previous year. It was the first increase reported by the oil company after three consecutive years of decline.
Net derivatives assets stood at -$5 billion in 2021, compared with a positive net derivatives asset position in 2020 of $2
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