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The Independent UK

National

Joe Sommerlad

How much UK tax does Shell pay after reporting record profits?

Shell United Kingdom Rishi Sunak Oil Vladimir Putin British Petroleum

Anna Gowthorpe/PA

Multinational energy giant Shell has reported a 53 per cent increase in profits to £68.1bn for 2022 – the highest in its 115-year history.

The annual profit announcement, which comes off the back of rocketing oil prices being driven by Russia’s illegal war in Ukraine, surpasses the company’s previous record set in 2008.

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