Oil giant Shell posts highest-ever annual profit of $40 billion
Shell 2022 profit more than doubles to record $40 bln
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns.
Shell announces record annual profits of £32.2bn
Shell delivered record profits of £32.2bn ($39.9bn) in the last year, the energy giant announced on Thursday, 2 February. The British company’s enormous earnings came in the year that energy prices surged following Russia’s invasion of Ukraine which allowed it to hand shareholders unprecedented returns. The latest profit haul is expected to increase pressure on Rishi Sunak and chancellor Jeremy Hunt to increase taxes on energy producers as hous…
Shell profits soar to £32billion as millions struggling to pay energy bills
The latest figures follow MPs hearing that around 12 million households are now spending more than 10% of their income on energy bills - the previous definition of fuel poverty