Shell posts record profits of £32.2bn after oil prices surge in wake of Russia's invasion of Ukraine

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Shell announces record profits after oil prices surge in the wake of Russia's invasion of Ukraine

In an announcement likely to provoke anger from Brits struggling to pay eye-watering bills, the business announced profits doubled to £32.2bn.

"We intend to remain disciplined while delivering compelling shareholder returns, as demonstrated by the 15% dividend increase and the four-billion-dollar share buyback programme announced today." "Rishi Sunak was warned as chancellor and now as Prime Minister that we need a proper windfall tax on companies like Shell and he has failed to take action.

Source: Energy Industry News (energyindustrynews.net)

 

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It's the 'free market' innit?

Time to boycott Shell_UKLtd wherever possible

Great to hear some good news!!!

ExxonMobil earned nearly $56 billion in profit in 2022, setting an annual record not just for itself but for any U.S. or European oil giant. Buoyed by high oil prices, rival Chevron also clocked $35 billion in profits for the year. War profiteers?

On Tory watch

It's absolutely disgusting that this is allowed to continue while people are killing themselves because they can't afford to heat their homes. The government needs to act now. Who am I kidding, they have the gov in their pockets and still lots of you will vote for them again

Absolutely SHAMEFUL! So proud to announce the result of their GREED for the World to see.

Just proves we are being lied to that costs of fuel are high because of supply its nothing to do with that its because we are being ripped off and if the Oil companies reduced prices our prices would come down and then inflation would.

Sometimes I like to fuel my car up and drive needlessly around the m25 just to piss off the climate weirdos

How wonderful for them. Meanwhile British Gas are getting warrants to install pre-payment meters in homes. Vampires.

BRITISH TAX PAYERS : HOUSING EMIGR... £4’B p.a NHS TOURISM….,£3.8’B p.a NHS…………………..£520’B p.a FOREIGN AID…….£13.8’B, p.a GREEN LEVY TAX £20.8’B p.a :Cost of building 10x1GW Nuclear power stations…£30’B. Vote ?

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