Published 1 year ago

Oil giant Shell posts highest-ever annual profit of $40 billion

Summary by Ground News

British oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices and robust demand since Russia’s full-scale invasion of Ukraine last year.

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BBC News

Shell reports highest profits in 115 years

Critics call for higher taxes on energy firms as Shell reports a record $39.9bn of profit.

1 year ago·United Kingdom

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The Guardian

Calls for bigger windfall tax after Shell makes ‘obscene’ $40bn profit

Calls for larger windfall tax after surge in gas prices fuels ‘outrageous’ doubling of profits at Anglo-Dutch group

1 year ago·London, United Kingdom

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The Independent

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…

1 year ago·London, United Kingdom

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Reuters

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.

1 year ago·United Kingdom

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Daily Mirror

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

1 year ago·London, United Kingdom

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Associated Press News

Shell profit doubles to record as war drives up energy costs

LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine .

1 year ago·United States

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