LONDON— Shell PLC became the latest oil giant to post a record annual profit last year, joining American peers in surging back from early pandemic losses on soaring energy prices.
Shell’s $41.6 billion full-year profit surpassed the London-based company’s previous record of $31.4 billion in 2008, measured on a net current-cost-of-supplies basis—a figure similar to the net income that U.S. oil companies report.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell adjusted profit of $9.8 billion beats forecasts, boosted by soaring energy pricesShell's $41.6 billion full-year profit surpassed the London-based company's previous record of $31.4 billion in 2008 so it wasn't about shortages it was all about profit gotcha Shell posted a record annual profit of $41.6B, joining US oil giants in their comeback from early pandemic losses. Q4 profit was boosted by strong performance in the LNG business. New CEO Wael Sawan takes the helm, focused on driving growth in renewable energy. oilindustry Drill baby drill…FJB
Source: MarketWatch - 🏆 3. / 97 Read more »