We’re back into earnings season, and the figures from the oil majors are far from pretty pictures for their investors. So far, we’ve heard from Shell and Total, who have written off billions in impairments and seen profits decimated, despite some small recompense from their oil trading segments. Starting with Shell, the most dramatic figure is its bottom line, with net income falling from a positive $3 billion in Q2 2019 down to a whopping loss of $18.1 billion in Q2 2020. Adjusted earnings, which are what would have happened if there were no impairments to deal with, were down by 82%, to just $638 million from the quarter, compared to $3.5 billion this time last year, and $2.9 billion…