Shell profits rocket by more than 50% to £68.1bn as energy giants benefit from soaring prices

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Shell profits have rocketed by 53 per cent in 2022 due to soaring oil prices, the energy giant has announced 🔴 The company revealed that its earnings ballooned to $84.3bn in 2023

February 2, 2023 7:26 am

Shell profits have rocketed by 53 per cent in 2022 due to soaring oil prices, the energy giant has announced.Chief executive Wael Sawan said its results showed “the strength of Shell’s differentiated portfolio, as well as our capacity to deliver vital energy to our customers in a volatile world”. Motorists saw the cost of filling up their tanks hit record levels last year as the war in Ukraine sent the price of oil spiking.

 

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This all seems ok while people can barely afford to heat their homes. Why do we accept this system.

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