Top
image credit: Unsplash

Shell announces record annual profits of £32.2bn after energy price surge

February 2, 2023

Via: Sky News

The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn).

The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices as Russia’s invasion of Ukraine led countries to wean themselves off Russian fuel imports.

The majority of profits came from Shell’s gas operations.

Read More on Sky News