Shell has recorded a fourteen-fold increase in quarterly profits amid soaring prices for oil and gas, reigniting calls for a windfall tax to relieve the burden on households as bills surge.
The energy giant recorded a $16.3bn (£12bn) pre-tax profit in the fourth quarter of last year, compared with just $1.2bn (£885.5m) in the third quarter. Shell’s adjusted earnings reached $19.2bn (£14.bn) in 2021, more than four times its level a year earlier.
