Shell’s Profits Drop—But Not Enough to Stop the Greedfest

Shell’s Profits Drop—But Not Enough to Stop the Greedfest

Oh no, poor Shell only made $4.26 billion in profit last quarter—down nearly a third thanks to falling gas prices. Let’s all shed a carbon-neutral tear for Europe’s biggest fossil fuel polluter as it clutches its pearls and assures investors it’ll still shovel billions back into their pockets through buybacks. Because priorities. Gas prices across Europe tumbled nearly 20% between April and June, helped along by a rare moment of geopolitical san…