Categories: Estero

Shell reports highest profits in 115 years – BBC News


Oil and gas giant Shell has reported its highest ever annual profits after energy prices surged last year following Russia’s invasion of Ukraine.

Profits hit $39.9bn (£32.2bn) in 2022, double the total in 2021 and the highest in its 115-year history.

Energy firms have seen record earnings since oil and gas prices jumped following the invasion of Ukraine.

It has heaped pressure on these firms to pay more tax as households struggle with rising bills.

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