Shell has made bumper profits despite increasing pressure to cut climate-changing carbon emissions
London-based Shell Plc posted adjusted earnings of $US39.9 billion for 2022 in its financial results for the final three months of the year. US-based Exxon Mobil also posted record annual profits days earlier, while UK rival BP and France's TotalEnergies posted huge quarterly profits last year. His appointment was seen as a part of Shell's strategy to take what it calls a leading role in the energy transition despite criticism that it's been slow to cut emissions.
"For the millions of people globally who are struggling with the high cost of energy or the impacts of the climate crisis, Shell reaping in record profits will rightly feel incredibly unfair," said Alice Harrison of Global Witness, a nonprofit that advocates for environmental sustainability and corporate responsibility.
So we are going to ignore the price increase before the war caused by Joe Bidens 40+ regulations on the American oil industry? Gees is so bias it disgusts me!
lol - Shell shareholders 'lol'
. Profits double because conflicts drove costs up? Somebody at ABC failed either: Economics 101 Or Journalism 101 . .
If the prices have increased, and those expenses are being passed on to the motorists, how have profits increased so much? What this article really tells us is that energy companies are using the excuse of price increases to gouge consumers. They could easily reduce the price.
Why are they allowed to get away with this financial thuggery.
Hope they’re giving the Ukraine army 4c a litre discount
Meta stock shares soared higher, after the social media group unveiled plans for a gargantuan $40 billion stock buyback and forecast better-than-expected current quarter revenues❗️ 🚨Still - no libs screaming for windfall profits taxes here🚨 JudiciaryGOP 🇺🇸
the conservative government in the UK decided to put a windfall tax on energy companies profit to subsidise people’s energy bills - yet our progressive government in Australia has ruled it out?
The UK and NL 'royal' maffia family cartels are richer than ever.... the two not democratically elected families own the biggest number of shares in this company....and they pay zero tax in their countries.... The Italian maffia can learn a lot from these two families.....
All oil and gas companies are making huge windfall profits from the US fiat USD Ponzi scheme whose days are now numbered.
And why does Blackrock own so much of everything?
Did you know that all wars are bankers wars? And sometimes , people make money by funding both sides of the war! War is one big profit making exercise. There is a reason why Joe Biden blew up the Nordstream pipeline! Who owns DUTCH SHELL?
Funny the ACCC cannot see the motorist being ripped off . It is time to close down their office as they are useless in controlling prices .
and yet isn't this the war you wanted soooo bad, abc? bidens keen, and you looove ukraine, right? was a shady narrative from the beginning, yet you championed it, abc we have receipts cope and seethe cos the republicans are coming and they don't support your lefty war ..
So there is the truth right there. Petrol and other fuels are going up because of rank opportunism, as always, yet our government which knows the truth still blames Russia. But they're not in cahoots, yer right it's called Fascism, Gov and private industry ruling over the people.
This is a no brainer.
Proceeds of war? Isn't that the whole point of the US/NATO engineered war in Ukraine? You know, the war you promote every day?
Getting paid to pump labor party propaganda and anti Australian hatred ABCnews ItaRosebutt auspol
It’s so good that western governments are so corrupt. Working with the WEF to ensure the great reset which will cripple society and make the rich richer and the people poorer. Planned wars and pandemics make politicians rich. Notice absolute silence on covid origins. Hmm
The US military complex aint doing too bad either... Just to add insult to injury we've been pushed to take vaccines developed by DARPA (CIA-Moderna)
Is that because when the wind stops blowing, that they need proper energy?
32£ and Exxon $55 billion USD why the fuck and how much Australian tax did they pay or did the profit shift .
Good for Shell and their shareholders.
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