'Truly stunning': Shell hikes dividend 15% as profit doubles to record $40 billion for 2022

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The results demonstrate Shell’s “capacity to deliver vital energy to our customers in a volatile world,” new chief executive Wael Sawan said in a statement. Sawan, who has worked for Shell for 25 years, was previously director of its integrated gas, renewables and energy solutions business. 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.

Russia’s war in Ukraine sent global energy prices surging, with natural gas prices in Europe hitting record levels last summer and oil hovering at US$120 per barrel. They have since come down, but natural gas prices are still three times what they were before Russia massed troops on the Ukrainian border.

Source: News Formal (newsformal.com)

GREEDY is the word. SHAMELESS is another word

they bought dirt cheap russian oil.

Lovely!

Cool

Glad I kept my investments in natural resources.

windfall tax oil and gas companies NOW!!!!

Build more trains!!

Everyone knows we are being ripped off at the pumps.. this proves it..

Remember when the bcndp said they were going to get to the bottom of gas prices and did nothing about it?

My Mutual Funds says...Yep!

Where is Trudeau? He’s allowing oil and gas along with grocery to profit off our backs. This is why the Liberals have lost support.

When governments get involved and start stopping competition to open up shop (under the guidance of global warming) this is exactly what happens. The current companies reap the rewards bc of government intervention. Don’t blame Shell

EV rules. ICE Sheep Baaaaaaaa Baaaaaaaaaaaaa Baaaaaaaaaaaaaaa

Big Oil gouging!

I’m all for free market however government needs to protect its citizens from these monopolies - Exxon results same boat. Why is Trudeau and our province allowing us to be fleeced?

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'Truly stunning': Shell hikes dividend 15% as profit doubles to record $40 billion for 2022Shell is the latest of the Big Oil companies to hike its dividend after its profit doubled to a record $40 billion for 2022. Read on. As they say 'the rich get richer'. while taking down the middle class of workers who are feeling the economic edicts of the elite class. All natural resources but only the few truly profit. Poilievre will be all over this…. Not It’s Trudeau’s fault ! What's so stunning about it? Do you think they should donate the money back to the 'people'? Does Apple do that? Does Visa do that? In fact, who the fuck does that? Which company uses their profits to lower their product prices? I'll wait....
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