Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia invaded Ukraine.
It's the first earnings report presented by Sawan since he took over as chief executive at the start of the year, replacing Ben van Beurden, who stepped down after nine years. Sawan also has reorganized the company's core business units. The results were "truly stunning" and "will do nothing to quieten demands for further windfall taxes to redistribute some of the bounty Shell has enjoyed this year thanks to the Ukraine-inspired disruption to global energy markets," said Russ Mould, investment director at AJ Bell, an investment service platform.
Shell expected to pay an extra $2.3 billion in taxes to cover the EU and U.K. windfall levies for 2022. The company said it paid out $26 billion to shareholders last year in dividends and share buybacks.
Gouging under the guise of war. They could have charged less and still made billions in profits. Shell is proving they can afford to pay a windfalltax
It's not the Ukraine war driving up costs, its Liberal policy.
Crooks!!
Surprised? Anyone?
BuT tRuDeAu’S fAuLt ERRRRRRRRR
Did you cover this story, ?
Lmfao “the war.” Not the endless amount of money being printed?
Good. I hope gas gets over 2$ and stays there this time.
Capitalism always use crisis
War is Organized Crime. It is being used as an excuse for corrupt governments to keep fleecing the debt slaves
🎵WAR! What is it good for?…. Making money
LMFAO... It has absolutely nothing to do with the war.
Canadian fracking is a must - Shell will deliver jobs and growth in great white north
What kind of nonsense is this Everyone on Twitter knows Justin Trudeau is personally responsible for high gas prices because he's a Communist Nazi!!! And because it's Twitter, I legally have to add:
If your going to continually f*ck us, can you at least bring flowers or something?
They consistently have the highest pump price in town but you get .03 back if you have AMA so your AMA is principally free if you fill at Shell all the time. LOL
price gouging
Gross
The rich get rich and the poor get fucked.
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Source: CP24 - 🏆 30. / 67 Read more »