Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

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Shell reported its highest annual profits in more than a century — nearly $40 billion in 2022, twice what it made in 2021 — after energy prices soared due to the war in Ukraine.

Activists from Greenpeace set up a mock-petrol station price board displaying the Shell's net profit for 2022.Activists from Greenpeace set up a mock-petrol station price board displaying the Shell's net profit for 2022.

As U.K. households struggle thanks to elevated energy prices and correspondingly high inflation, Shell's announcement will fuel fresh demands that Prime Minister Rishi Sunak's government ratchet up a kind of"windfall" tax on such profits. The E.U.

 

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insatiableGREEDkills insatiableGREEDlies

It almost seems like the breaks we give corporations during crises are really just opportunist manipulations of consumers. Nah, that can’t be. Corporations have our best interests at heart!

Time to vote for candidates that will not allow Corporations to run the government. Tax the corporations- tax the rich & force all people to pay SS on all money earned.

I'd say congress needs to investigate for price gouging, but let's be real; the GOP applauds this type of thing and plenty of Dems are on the oil payroll .

These oil company's are stealing money from the consumer. I am quite sure they would be pissed if someone did the same to them .

So maybe changing the name to circle k is helping 🧐

Almost as much as zelinski. Anyone ever sit back and think wow all this money and weapons and Russia still gonna get the terms of the Minsk accord met only with a lot less nazis across the border. At least we destroyed Europe I guess.

Exxon made over $50 Billion in profit in 2022.

TheDemocrats gop congressdotgov Congress needs to haul all the cheap, deceptive, murderous and predatory CEOs for a hearing. Realizing corporate America is only run by a handful of monsters it won't take long

Remember when gas was $5 a gallon because of Afghanistan, Iraq, no one? It didn't happen? You mean the 20 war didn't cause gas to go up to record breaking prices? Hmmm... must of been greed then. Guess we can take down those silly Biden stickers and replace them with Oil CEO's.

Will the record profits of Phizer be on the next article? DefundNPR

It's time to nationalize oil production

Greed

And the laptop was real, don't forget to report that as well dirtbags!

I'm still working out the details but I think we can all agree that this is the direct result of socialism, work culture and inclusiveness. This is a dark road.

Energy prices soared due to the shutting of the Keystone pipeline, failure to approve US energy requests to drill, ect.

Yup, now I don’t have to imagine the record profits price gouging yielded.

Shouldn't our gas prices at the pump have gone down dramatically?

The CEOs are scammers and fraudsters, they should be in prison.

“War” is just one phenomenon where corporations and Humans have very different values and priorities.

Phew. You feel for these mom and pop operations. I’m glad they’re doing ok. While the rest of us burn

Good for them.

Your own headline is missing the point. Energy prices soared due to greed = highest annual profits. The war in Ukraine has absolutely nothing to do with it.

good for them (we're supposed to be rooting for these corps, as americans, right?)

NPR is on their side, not yours.

Countries all over the world are run by corporations and their lobbyists.

No integrity in NPR reporting

Taking advantage of a situation sounds more like it. 🤔 I have been taking the bus to my main job for close to 6 months. I would take it more if where I lived added more options. Only fill up once a month.

*Prices soaring due to corporate greed and price gouging

Price gouging just because they can. How do we let them get away with this? Eattherich

Where’s a windfall profits tax when you need one?

So Biden was lying when he blamed the war in Russia?

Remember, the media is always lying to protect the Democrats.

No profiteering here. Just GOP kickbacks.

defundnpr

Crisis profiteering, plain and simple. Runaway capitalism. Shame on them.

SpeakerMcCarthy - 'Oh, look a squirrel'

Wait I was told it was Bidens fault at the gas station. So we all just collectively got fleeced and paid an extra 20 Billion.

Trump was bad news for oil companies. Biden is doing a great job with corporate profits

Did the war cause their cost of doing business to soar? Or was it an excuse to gouge consumers?

Well, well, well, isn't that interesting, record profits by big oil.

And they still collect taxpayer subsidies.

And the beat goes on. As Republicans continue to protect the fossil fuel industry while they bleed us dry to destroy our world as we know it. If you are going to destroy the environment you may as well take all of it's money first for doing so.

did the prices soar due to the war in Ukraine or because the war in Ukraine was an easy excuse to price gouge?

Capitalism unchecked leads to corporate greed while the consumers suffer. Regulate and tax, use the money to get away from fossil fuels and build up our infrastructure.

They’re also pricing in future losses from the war and due to federal restrictions placed on their business.

I wonder how much money they could make if we “unleashed American energy”?

Yet somehow soaring gas prices is the Dems and Bidens fault. Maybe if we passed some price gouging bills...

It's all price gouging. Every last cent of increase was corporate greed.

Read that back and tell us again why prices soared.

Record pump prices must have just been a strange coincidence and clearly no profit gouging occurred 🙄🙄🙄

Prices soared, not because their costs went up. Hence the record profits.

And their US tax bill was....?

This is great news

It’s sickening!

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