Shell posts highest profits in company history as oil, gas prices remain high following Ukraine invasion

Posted on AllSides February 3rd, 2023
From The Right
Reuters/Andrew Kelly

Shell reported a record-breaking year of profit, posting the highest annual earnings in the company’s 115-year history. 

"This was a truly stunning set of numbers from Shell, way ahead of what forecasts had penciled in and the highest profit in its entire history," said AJ Bell investment director Russ Mould.

Europe's largest energy company reported 2022 adjusted earnings of $39.87 billion, a 109% increase from the prior year. The number broke the previous record of $31 billion set in 2008.

Full year revenue was $381.31 billion, up from $261.5 million prior...

Read full story

Fox Business

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
113253/87352
See full bias rating for Fox Business
Learn about media bias
https://www.foxbusiness.com/markets/shell-posts-highest-profits-company-history-oil-gas-prices-remain-high-ukraine-invasion

More News about Energy from the Left, Center and Right

From the Left

From the Center

From the Right