Shell delivers a record $40 billion profit in 2022 as consumers struggle to afford fuel following a surge in energy prices after Russia's war with Ukraine
Shell also posted a record fourth-quarter profit of $9.8 billion on the back of a strong recovery in earnings from liquefied natural gas trading, beating analyst forecasts for an $8 billion profit.
The British company's record earnings announced on Thursday is more than double from a year earlier, mirroring those reported by US rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector. Shell also posted a record fourth-quarter profit of $9.8 billion on the back of a strong recovery in earnings from liquefied natural gas trading, beating analyst forecasts for an $8 billion profit.
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